While we may live in our homes in the day-to-day, our homes also provide a long-term, stable form of value for us and our families. When you take home ownership seriously and ensure all relevant forms of maintenance and improvement are handled, your home will increase in value over the years.
Many people count on the value of their homes to be there when they need it the most. Whether that is retirement, college time for the kids, or simply as an inheritance, you want to get the most out of your home’s value.
In order to help you maximize your home’s value and resale price, we’ve put together a list of four home design ideas that can single-handedly add thousands of dollars in value to any home.
New Garage Floors
Any home with a one, two, or even three-car garage automatically carries a bit more on the market than a home without one. Nevertheless, upping your home’s value by making a few garage improvements is perfectly possible and quite easy.
One such renovation is the addition of new floors in your garage. Rather than keeping that generic gray slab, you could opt for an improved design (such as the flooring this garage flooring Atlanta company provides). Not only can a change in aesthetics help improve overall value but materials that are easier to clean automatically up the asking price for your home in any situation.
Solar System Installation
Traditional, on-the-grid homes are still the rule rather than the exception, but you can still do things a bit differently – and get a better asking price for your home in the process!
Another excellent home design idea that can add plenty of value is a solar system installation. Solar prices have plummeted in recent years and with federal subsidies still available (though set to expire soon), you can install a solar system for less than what you’ll pay for energy over the next 15 years.
If you act soon, you can add as much as 1.5x the cost of the installation to your home in actual value.
Perhaps the most in-demand home redesign project that generates massive value on the market is a kitchen remodeling. There are numerous potential kitchen design projects you can consider, depending on the size, shape, and style of your existing kitchen.
New granite countertops are a popular addition to any home with an older kitchen. New cabinets are never a bad investment, nor are new floors that bring the home’s look and feel into the modern era.
Invest in Landscaping
What does the exterior of your home say about its character? If your lawn and surrounding exterior elements are out-of-date or otherwise unkempt, then you may be hurting your home’s actual value by quite a bit.
Some premium landscaping will always improve the look and feel of your home – both to you and to potential future buyers. While this investment doesn’t relate directly to the home structure itself, it does enhance the value of the property as a whole – and therefore the asking price.
These four home improvements – combined – can add tens of thousands of dollars of value to any house or property. All of these investments ultimately give back more than they cost, so it only makes sense to invest in one or more of these to maintain long-term home value.