There are plenty of ways to boost your home’s value. Whether you’re looking to sell quickly or want to see long-term growth, these improvements can make your property more attractive to potential buyers. Let’s explore several strategies to enhance your home’s appeal from different perspectives.
Starting with the exterior, first impressions matter. Improving curb appeal is vital. Curb appeal projects offer a return on investment (ROI) ranging from up to 238%. This can include smaller tasks such as fertilizing, weed control, and overall landscape upgrades.
Additional exterior upgrades include enhancing greenery. For example, giving your exterior fresh coat of paint can yield an ROI of around 152%. Similarly, updating the exterior with manufactured stone veneer shows an ROI of 91.4%. Replacing your garage door, an affordable project, can bring an estimated ROI of 133%, or approximately $2,800 in resale value. Adding stone accents or pathways are other ways to increase curb appeal. For those residing in the area, hiring professionals for chimney repair in Chicago can also significantly boost your home’s exterior look.
If your budget permits, consider upgrading outdoor spaces with stylish and functional features. Popular choices include decks, patios, pools, and hot tubs. Though opinions vary on the exact ROI of projects, it’s worth consulting a local professional before making a final decision. A practical outdoor investment to consider is a backyard patio, which can offer a strong ROI of 67%.
Maximizing the connection between perceived value and buyer interest can also be achieved through interior design. Choosing light, warm neutral paint colors can appeal to a broader audience. Gray is ideal for bathrooms, while darker colors like navy or black can make a bold statement in other spaces. Small upgrades, such as wider doorways or open floor plans, can also make your home more accessible, which is appealing to buyers with mobility concerns.
Interior improvements can also increase your home’s value. An example is upgrading to smart devices, which tend to deliver a 13% ROI. According to a survey by Angi, 77% of buyers would pay extra for a home with such smart upgrades, which typically generate a return of 6-12% when the house is sold.
