The current real estate market is driving home values to some of their lowest levels in 20 years. One way homeowners can combat this problem is to try to somehow increase the value of their homes.
Fortunately, there are several inexpensive ways a homeowner can increase the value of their homes. To prove the point, here are four ways homeowners can cheaply increase the value of their homes.
1) Install new kitchen countertops.
An inexpensive way to increase the value of your home is to install new kitchen countertops. New kitchen countertops add value to a home by making the kitchen more versatile and beautiful.
To make the most of this addition to your home, be sure to look for granite countertops. These countertops offer strength, durability and lasting quality.
2) Put a fresh coat of paint on your house.
For around $250, you can give your home a fresh new look with a fresh coat of paint. Adding a fresh coat of paint to your home adds value because it brings out the exterior beauty of the home while hiding its imperfections.
As a result, feel free to find colors that bring out the true beauty of your home. If you need help finding the right colors for your home, ask your local hardware or decorating store for ideas.
3) Add new carpet to high traffic areas.
Many homebuyers like the look and feel of new rugs in living rooms and bedrooms because it gives the home a fresh feel. Use this idea to your advantage to affordably add value to your home by installing new carpeting in these high-traffic areas. There are many new materials and colors to choose from that can add a really nice look for a few cents per square yard.
4) Don’t forget to look into upgrading your home’s air conditioning and heating units as well.
Many heating and cooling contractors are happy to help homeowners find newer, more affordable heating and cooling units. Contractors are happy to do this because they know that a new, functional heating and air conditioning unit adds tremendous value to a home.
These units add value to a home because many homebuyers are generally sick and tired of living in apartments or rental houses that have inferior air conditioners and heaters.
For these reasons, it is worth investing in a new heating and air conditioning unit for your home. The best part about these newer units is that they often sell for under $500!
5) Finally, it’s also a good idea to consider replacing the windows in your home with new units.
There are many sales and government rebate programs that can significantly reduce the price of a new set of windows. Use these programs to your advantage to add financial value to your home. New windows add value to your home by making it more energy efficient and more beautiful to look at.
For these reasons, don’t be afraid to take a look at replacing the windows in your home to add real, lasting value to your home on the cheap.
