5 Simple Yet Effective Upgrades That Improve Property Value

property value

When looking at the year 2020 in comparison to 2021, there has been an increasing interest in new homeowners wanting to improve their property value. The pandemic has continued to affect many homeowners and because of this many Americans want to revamp their homes. Homeowners are truly beginning to get more creative with what they currently have.

If you’re looking to do the same then it’s crucial as a homeowner to know which type of upgrades will help the rise in your house’s value. It’s also good to factor in what type of buyer you’re dealing with as well. A lot of the time a successful remodeling project means more added space.

Are you interested in learning more? If so continue reading to find out about the effective upgrades that improve property value!

Remodel the Basement

If you have the extra space downstairs this is a great opportunity for you to remodel your basement. Many buyers with high incomes in the Pacific Northwest and the Northeast love this added feature. Most likely if you remodel the basement you’re creating additional square footage that needs heating.

This remodeling opportunity will be sure to put your home at a higher value. An updated basement can add another $40,000 to $50,000 to the price. Fixing up a basement can cost anywhere from $18,400 to $34,000. 

This will also depend on how much square footage you’re working with. This project will include flooring, installing drywall, and painting.

Opening the Floor Plan

In order to improve the property value of any home, it’s a smart idea to open up the floor plan. It’s important to note that it’s best to open up the layout by knocking out the right wall. Many buyers love houses that are opened partly in the dining room, living room, and kitchen.

Opening the floor plan allows more natural light to enter the space. This makes for a more enticing appearance and any buyer has room to get creative in their interior design choices.

Make sure that you do your research and ask a contractor or real estate agent for a consultation before you make any changes.

Upgrades to Curb and Exterior

To sell your house for a higher property value it’s beneficial to update the front curb and exterior of your home. This way your house will be super appealing to buyers even before they come into your home.

If your house is well kept on the outside then buyers are going to imply that it will also look great on the inside as well. You will find a big return on your investment if you decide to mow the lawn or put mulch in the front.

The Benefits of Improving Your Property Value

After reading this article you should have a greater understanding of the work it takes to raise your property value. Whether you remodel the basement, fix up the exterior, or open up the floor plan you can’t go wrong.

Do you need help finding a home? Contact us today and see what we can do for you!