Whether you are looking to update your home to sell soon, or you just want to make some improvements, it is good to know which ones will increase its value.
- Add usable square footage. Homes are valued and priced by the livable square feet they possess, and the more livable square feet, the better! Adding a bathroom, a great room, or another needed space to a home can increase function and add value, especially if you live in an area where land and space are limited.
- Make your home more efficient. Some simple ways to improve your home’s efficiency and value include replacing old windows (so they don’t leak), buying energy-efficient home appliances, and adding insulation to your walls.
- Spruce it up with fresh paint and flooring! Whether it is interior or exterior, a new coat of paint is like magic. Replacing carpets also can take years off of your house.
- Work on your curb appeal. The outside of your home plays a lot more into its value than you might think. Try installing a front walkway of pavers along with stone planters, shrubs, and mulching. A new patio or outdoor kitchen will also make your property a lot more enjoyable while adding value.
Home projects can be fun, especially when you see it transform before your eyes. Plus, knowing you are adding value to your home-- it’s a win-win. Excited to get started on a project but don’t want to touch your savings? Consider a Home Equity Line of Credit and Success Credit Union will have you starting your project in no-time.