How You Can Add Value to Your Home
If you’ve built up equity in your home, now may be the perfect time to take advantage of a Home Equity Line of Credit, or a HELOC. A HELOC allows you to tap into your home’s equity in the form of a credit line, and can help you tackle home improvement projects that can add major value to your home. Whether you’re preparing to sell or not planning to leave anytime soon, there are a number of upgrades you can make to increase your home’s value. This will make your home more enjoyable to live in now, and your investment will pay off big time in the long run. You can even save money and make your DIY dreams a reality by taking on some projects yourself! A HELOC can help you fund the home improvement projects you’ve been dreaming about without putting a huge dent in your wallet.
Take Care of Basics
Think of the things around your home you’ve been meaning to do, but just haven’t gotten around to. There may be things you don’t even notice anymore, but a potential buyer definitely will. Things like leaky faucets, creaky floors, squeaky door hinges, cracked or chipped tiles, burned out lightbulbs, etc. Everything should be in proper working condition. These small details go a long way to assure future buyers that your home has been properly cared for and will help them see themselves in your home.
Never underestimate the power of a fresh coat of paint! This basic fix can drastically affect the atmosphere of a room or your entire home. While you’re at it, freshen up the paint on all interior doors and casings, trim, baseboards, and crown molding. If you have any dramatic colors in your home, paint over them with something more neutral before listing your home to sell. Sticking with neutral tones makes it easier for buyers to envision themselves in the space and not be turned off by bright or distracting colors.
Refreshing the lighting in your home can go a long way. Update the lighting fixtures in the kitchen, dining area, and bathrooms, and the ceiling fans in the living areas and bedrooms. These simple swaps can instantly modernize the feel of your home.
Replacing your new windows is another simple way to improve the lighting in your home while adding value. Upgrading to new windows is one of the most effective changes you can make to increase your home’s value, and it will also save you money on your energy bills.
Enhance Curb Appeal
First impressions are a huge factor in any instance, but especially when it comes to buying a home. A well-maintained exterior is crucial when it comes to attracting interested buyers, and their first impression of your home can make or break the sale. Minor landscaping will improve the cosmetic charm of your home, so pull any weeds and make sure the grass, trees, and hedges are trimmed and well-maintained. A new garage door helps to add curb appeal, but it can also help improve your home’s energy efficiency by trapping heating and cooling within the home. Installing a new front door is one of the most valuable home upgrades that also improves curb appeal. A strong front door, such as a steel door, adds additional value because it not only holds up better against outdoor elements, but also provides increased security. Swapping out a door is an easy project you can do yourself in little time, and it’s an incredibly valuable home investment.
Since so much time is spent in the kitchen, making upgrades here will bring you the biggest return on your investment. Modernize your space with new countertops, fresh flooring, and new cabinets, and upgrade to all matching appliances. If you aren’t able to fully remodel your kitchen, there are several smaller updates you can make that will add value. If you can’t replace the cabinets, a fresh coat of paint or stain and updated hardware will work wonders.
Bathrooms and kitchens will always get you the biggest return on your investment, but there’s no need for a full bathroom remodel if that’s not feasible for you. New cabinets, countertops, and tile flooring are nice, but there are plenty of changes you can make on your own to improve value. Repaint or restain the cabinets and replace the hardware, upgrade the lighting, and replace the mirror. Upgrade fixtures for the sink and shower or bath and replace toilet seats. Re-grouting and re-caulking as well as re-glazing the tub or shower are other easy ways to refresh this room.
Create Extra Space
Many homebuyers are looking to upsize from their current home, and ample storage space is always an attractive feature to any buyer. A finished attic or basement that can be converted into usable space can get you a huge return on your investment. You don’t need to have a full in-home gym for the space to be considered functional. Having an extra area that can be used for a multitude of reasons, such as a home office or extra guest space, can help buyers see more potential in your home.
If you’re ready to make your home improvement dreams come true, a Robins Financial Home Equity Line of Credit could be right for you! Apply online, give us a call, or make an appointment at any of our branch locations.