There are several effective ways to enhance your home’s appeal. Whether you’re aiming for a quick sale or planning for the long term, these improvements can make your property more attractive to potential buyers. Let’s look at a few key strategies to increase your home’s value from different angles.
Starting with the exterior, first impressions matter. Boosting curb appeal is crucial, with exterior projects offering a return on investment (ROI) that can range as high as 238%. This may include simple tasks like lawn care, fertilizing, and general landscaping.
Additional upgrades to your home’s exterior can also be quite beneficial. For instance, repainting your exterior could lead to an estimated ROI of around 152%. Similarly, adding a veneer made of manufactured stone has an ROI of 91.4%. Replacing a garage door, another affordable option, typically sees a return of about 133%, with an estimated cost of $2,800. Simple touches like accent lighting or pathway upgrades are also great ways to boost curb appeal. Homeowners in the area might even consider chimney repair in Chicago as another way to enhance their home’s exterior.
For those working with larger budgets, outdoor spaces with appealing features such as decks, patios, pools, and hot tubs are popular. While ROI varies based on the specific project, it’s always smart to consult with a professional before deciding. A practical yet high-ROI option is investing in a backyard patio, which could yield returns of up to 67%.
On the inside, you can increase your home’s perceived value by making thoughtful changes to the interior. Neutral colors, especially lighter shades, often attract more buyers, as they give a clean and modern look. Gray is a popular choice for bathrooms, while darker hues like navy or black can add sophistication in other rooms. Other small updates, like switching out cabinet hardware or adding smart home technology, can make a big difference by making your home feel more accessible and desirable to today’s buyers.
Lastly, don’t overlook technological upgrades. Installing smart devices, for example, can increase your home’s value, providing a 13% ROI. According to a survey by Angi, 77% of buyers are willing to invest more for homes with such improvements, which typically boost home value by 6-12% when it’s time to sell.
