They provide more than just a roof over our heads and a place to store our possessions. They are even more than just a place where we grow and raise our families and take shelter from the minutiae of everyday life. They are our homes; be they ever so humble. Our homes are also an investment in our future and the most valuable asset many of us will ever own. They dwarf our cars, TVs and other durable goods in price but like these things they can depreciate in value over time. So what are some ways to increase the value of our homes amidst the fluctuations of the economy? Here are a few proven tips to increase your home’s worth:
Add a Deck: Decks add curb appeal to homes and they are also places for our family and friends to gather. But having a deck goes beyond just having something nice to look at and place to gather. According to the HGTV, people who add a deck to their homes recoup 65% to 90% of their investment. However, because the cost of adding a deck varies, some people try this as a DIY project which can be costly if not done by someone who is trained. Decks by Ziec is one of the top custom deck builders in NJ because we are trained and experienced. We also handle deck repair in NJ.
Replace Windows and Doors: More and more home owners are demanding that their homes be energy efficient. One of the main causes of high heating and cooling bills is drafty, inefficient windows and doors. Replacing doors and windows can greatly increase the value of your home as well as potentially earn you an energy tax credit.
Get a New Paint Job: It sounds almost too simple to work, but a fresh coat of paint can do wonders for any home. In addition to building curb appeal and increasing your home’s value, a fresh coat of paint on the inside and out builds you home’s showing appeal to potential buyers.
Add an additional bathroom: The number of bathrooms a home has is of the utmost importance to many prospective buyers, especially those with large families. If your home has only one bathroom, consider adding another one.
Remodel the kitchen: Many people consider the kitchen to be the nexus of the entire home. For only a few hundred dollars you can make relatively minor changes that can go a long way in increasing your home’s overall showing appeal. For example, you could replace the kitchen faucet sets, add new cabinet door handles and update old lighting fixtures.
Yes, with a little effort we can increase the value of our homes in simple and affordable ways and decrease the rate at which they depreciate. Also, we can control how others view our homes and make them see the effort and care we put into them as valuable investments of our time and money.