Simple Ways to Increase Your Property Value - Team Lassen

Simple Ways to Increase Your Property Value

Spring and summer might be the most popular seasons for home improvement, but the best time to remodel is, of course, going to change depending on the project you’re planning. Fortunately, increasing your home’s value during this process may be easier than you think! 

Curb Appeal 

This is the first step to creating interest in your home. If you put all your effort into renovating the inside, but the outside is uninviting, you may have a difficult time just getting someone to walk through. Update the door with a bold accent color, give your landscape some love, update your windows, or for single-level homes, consider adding a patio extension. Big or small; exterior renovations will make a lasting impression whether you’re selling or simply looking for ways to fully enjoy your home. 

Updated Kitchen and Bathroom 

These are the areas in a home where owners can easily collect a generous ROI. When considering what to improve in these rooms, think traditional: commercial-look appliances, natural wood or stone features and stone countertops. According to architect experts, walk-in showers have replaced whirlpool tubs as a must-have, and buyers will generally opt for the large shower if they don’t have room for both. While these improvements should be taken into account, every homeowner’s first priority should be to keep the existing structure sound. Resolve any foundational issues first, and address the luxuries later.

Increase Light & Space

Whether it's an exercise room or home office, creating additional rooms can be a fantastic investment, particularly in hot markets like Denver. To increase the appeal of your property, open up the floor plan and consider knocking down some walls to make the home feel larger. Vaulted ceilings can also help create the illusion of more space, as skylights help flood the home in natural light. For additional tools and information, check out this Home Advisor calculator designed to help you estimate the exact cost of an improvement project.

Before sinking money into a renovation project this year, keep in mind that what you'll get back on your investment depends on the value of your house, the housing market where you live, how soon you sell after making improvements, and the quality of the project itself. Whether you plan on staying in your home for decades or just a few years, these renovations can easily help increase the overall property value of your home.