Yahoo Money reports that home prices have risen more than 43% since 2019. Even so, they claim that the trend won’t continue, and in fact some real estate may lose value in 2023. Now more than ever, it’s important to choose projects that will help you increase your home’s equity. Here are a few easy ones you may wish to consider.
Increase Curb Appeal
The way your house appears from the street will determine whether or not others will give it a second look. Accordingly, increasing your curb appeal is one of the best ways to improve your property’s value. You may think this is something you can put off until spring; however, just because it’s winter outside does not mean there are not some things you can do, such as:
- Keeping sidewalks and driveways clear of snow and ice
- Adding more landscape and/or security lighting
- Ensuring that porches and patios are free of clutter
- Trimming evergreen shrubs and bushes
Install a New Front Door
A new front door provides one of the greatest returns on your investment of any home improvement project. As with landscaping, a new front door increases curb appeal and makes your property appear more valuable. And the right kind of door can make your home more secure and energy efficient as well. When installing a brand new door, don’t forget to upgrade your hardware and door locks too.
Deep Clean and Declutter
All that hard work you’ve put in outside can easily be undone if your house is dirty or cluttered inside. But don’t be discouraged, as a thorough cleaning and decluttering is one of the easiest ways there is to raise your home’s value. In fact, a 2019 survey of real estate agents revealed that a deep clean could provide a 935% return on your investment. So along with staging, it’s one of the best ways to help your home sell faster and for more money.
There are some benefits to cleaning and decluttering, even if you plan on remaining in place. For example, too much clutter has been associated with stress, anxiety, and depression. So by deep cleaning and decluttering your home, you could actually start 2023 with an improved mental state.
Add a Fresh Coat of Paint
Once you’ve finished deep cleaning, your walls are then ready for a fresh coat of paint. Even so, you don’t have to paint the entire home in order to enhance its value. If you’re short on time, stick with areas that are more likely to get noticed first such as an entryway or foyer.
If you want a more dramatic change, paint a larger space like your living room or kitchen instead. Or if certain rooms have unusual color schemes, consider repainting them a more trendy beige or light gray shade instead.
Update Hardware and Fixtures
Even if they are still in good condition, old accessories can nonetheless make your home appear dated. As such, an easy way to modernize your space involves updating your hardware and fixtures. A new faucet, light fixture, or ceiling fan can really change the overall look of a room. But so can smaller items such as interior doorknobs, cabinet door handles, and outlet covers.
Kitchen, Basement, or Bathroom Remodeling in Freehold, NJ
Although the above projects will increase your home’s value, none will boost equity quite like a kitchen, bathroom, or basement remodel. An improvement project from T&K Contractors will help safeguard you against housing market declines, while also making your space more attractive and functional. Schedule a consultation to learn how you could benefit from our design/build process.