Whether you've purchased a new home or are looking to make upgrades to where you've lived for years, there are a few simple ways to increase your home's value. Here are five of the best.
If your home is on a large lot, you might have extra space for an accessory dwelling unit (ADU). There are a few types of ADUs: detached, attached, garage, and internal. Looking into adding an "ADU Los Angeles" to your lot gives you space for family members to visit or live or you can use it as a rental property and have a source of passive income. A detached ADU gives you more privacy in the main house, while an attached ADU might be appropriate if you're hoping to have your elderly parents live with you. You'll each still have privacy, but you're closer in case anything goes wrong. When you're looking to sell your home, having the ADU will give it value. Buyers want to see additional living spaces, not an empty land.
There are 10.4 million residential pools in the United States. The appeal of having a swimming pool is easy to see. You'll never have to trek to the community pool, you can get exercise whenever you want, and when you have young children, they'll have a way to cool off and stay busy over the summer. California has the most in-ground swimming pools. Having one installed will increase your home's value and give your family a great activity each summer. When you have the pool installed, keep in mind that you'll need to get removable pool fences as well. Prioritize pool safety when you make this remodel and you can have peace of mind that your kids are safe in the backyard.
Kitchen remodels are extremely popular. Upgrading the kitchen will increase your home's value because you can add updated appliances, countertops, and cabinets. Many buyers look for a beautiful kitchen when they shop for a new home, so having a remodeled one will increase your chances of selling and selling for above your listing price. This remodel can cost you a good chunk of money, but you'll be able to enjoy a gorgeous new kitchen before reaping the benefits when you sell. Even if you just change the countertops or tackle the remodel in steps you'll increase your home's value.
A good roof is extremely important. If yours is old and wearing down, it can let in water and damage the entire house, and when it's time to sell, buyers will be turned off by the prospect of replacing it themselves before moving it. A new roof can be expensive, especially if you want the best material possible, so shop around before you commit to anyone. If you're going to be spending several thousand dollars, you want to make sure it's done right. Chat with neighbors and friends and see who they recommend. Since the roof isn't replaced very often, make sure you're replacing it with high-quality materials that will last. Now isn't the time to save a few bucks on materials. With a new roof, you can prevent damage to your home and increase your chances of making a great sale.
It's fairly easy to have solar panels installed. The professionals will come to your home and assess the energy potential. Then they'll install the panels and your solar power is all set. You can count on a lower energy bill and a feeling of satisfaction that you're doing something great for the environment. Your home's value will increase and you'll have to do very little to make it happen. As far as home improvement projects go, this one is fairly fast and straightforward.
Choose a project and work towards increasing your house's value. You won't regret making the changes.