Whether selling or renting your home, or simply for personal satisfaction, a little renovation and upgrade is always a good idea to help increase its value in the Bay Area market. To boost a home’s value, it is first important to learn what prospective buyers or tenants are searching for in a home. For most homeowners, the biggest concern is usually the budget required for upgrade, renovation and home maintenance. The great news is that there’s no need to spend thousands of dollars for home improvements.
Just follow these 10 tips for the best home upgrades to add home value.
- Knock down a wall and go for open concept. Not only will it create an illusion of a bigger space, but it’s a home design trend that is very much in demand. Be sure to have walls assessed for electrical wires before going all in with the sledge hammer.
- Make the kitchen area workable. Make the kitchen area a functional, and pleasant, place to cook a meal. Update faucets, fix leaking pipes, buff the counters, repaint cupboards and cabinets. It’s not necessary to replace every appliance. Repaint worn out furniture and replace outdated knobs with modern handles to make it look more up to date.
- Brighten up the bath. Bathrooms are among the most important considerations for many tenants and prospective home buyers so it’s important to get this area of the house right. Buff up the tiles and replace the faucets, shower heads and toilet seats. There’s no need to replace all the tiles, just those that are cracked and chipped. The trick is to find the right cleaning agent that can help make those tiles look good as new.
- Add more storage. If there’s an extra wall or area of the house that does not seem to have any function, consider adding a laminate closet system or have a carpenter install small built-in cabinets, racks or pantries. Making every extra space of the house functional will help make it look more livable.
- Turn that extra space into an extra room. A house with many rooms will always look impressive when advertised on the market. If the home has an attic, den, or extra space that can be turned into another room, then by all means, fix it up to look like an additional room. Consider adding a closet and a window to open up and brighten up the space.
- Update the lighting system. Old chandeliers and unflattering fluorescent lamps are out of style. Hire an electrician to place some decorative lighting fixtures or recessed lighting that will give the house a more modern feel and mask any unflattering curves on the walls or ceilings.
- Buff the floors. The moment a buyer or tenant steps inside the front door the first thing they will notice are the floors. Tiled or hardwood floors need to be buffed until they shine. Carpeted floors need a touch of professional carpet cleaning to look, smell and feel brand new. Hiring professional cleaners is a small investment compared to the big impact it will make.
- Apply a fresh coat of paint on the walls or replace an uncharacteristic door with a rustic barn door. Choose modern color palettes to give the house a fresh new look.
- Add outdoor dining furniture to the front lawn or backyard. These areas can become extended living and dining areas.
- Hire an electrical and plumbing service to look at the overall state of the house. It is much better to catch the problems early on than find out much later when the problem has already worsened, requiring replacement of the entire plumbing system or wiring network.