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How to Increase the Property Value of Your Home

By on July 5, 2016
How to Increase the Property Value of Your Home

Whether you’re looking to get top dollar for your home on the open market or just want to improve your long-term investment prospects, increasing your home’s value doesn’t necessarily require huge outlays of cash. In fact, low-cost projects usually bring the biggest return on investment, and you won’t have to wait as long for your work to pay off.

So which investments can you make to boost your home’s value without breaking the bank? Check out these frugal options:

Freshen up With Paint

A gallon of paint can be had for under $50, and it’s a quick way for any DIYers to make a dated room look like new. If you’re planning to sell your house in the near future, a neutral color is a good choice. Exterior paint is also important to boost curb appeal, though the size of your house will determine how costly it is to repaint the siding.

Focus on the Entryway

Curb appeal is a big deal, and making a good first impression will help you get the most for your house when you decide to sell — not to mention creating an inviting tableau for guests in the meantime. Replace the front door, add a unique knocker and make sure the lighting is adequate and updated. You can also add hanging or potted plants to add to the welcoming look.

Replace the Garage Door

Speaking of doors, a garage is a major asset to your home’s value, so let it shine with a new garage door. Just check out a few examples to see the difference it makes. Looks are important, but so is functionality: Make sure your new garage doors open and close easily and have all the latest safety features for the best return on your investment.

Add Insulation

Not every home improvement project is about appearances. If you live in an older home, green renovations like adding insulation or replacing windows can have a huge effect on your bottom line. The money you save on your heating and cooling bills will eventually pay for the insulation entirely. Buyers are also very interested in eco-friendly homes, so energy-efficient upgrades are a big plus.

Clean up Your Landscape

While professional landscaping can be expensive, a little elbow grease is usually all that’s required to maintain your yard. Trim hedges and trees to shape them, and consider adding annual flowers to a bed that’s easily seen from the street. Fertilize, irrigate and mow your lawn to keep it healthy and green so that your home looks as great outside as it does inside.

If you’re willing to roll up your sleeves and tackle these jobs yourself, you can increase your home’s value without spending much money to get the job done. Before starting any home improvement project, it’s a good idea to do your research: Get cost estimates from the pros and find out what’s involved in doing the work yourself to make an informed decision. Then pick a weekend and get to work!

Scott Huntington is a writer from central Pennsylvania. He enjoys working on his home and garden with his wife and 2 kids. Follow him on Twitter @SMHuntington

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