Every home is, first and foremost, a place to live and enjoy—a respite from the outside world and a place to build cherished family memories. But a home is also an investment —perhaps the most important investment you will ever make, and there are many small steps you can take over the years to increase its value, comfort, and marketability should the time come to sell it and move.
Here are seven cost-effective ways to treat your home like the investment it is meant to be:
• Curb appeal – First impressions are important, and regular maintenance shows. A well-kept lawn, tidy landscaping, a neatly painted exterior and a nice front door show pride of ownership and pride in the neighborhood.
• Fresh paint – One of the most cost-effective boosts to any home is a coat of fresh interior paint. Choose colors that appeal to you, but if selling your home is on your agenda, stick to neutral shades.
• Update kitchen – Dated counters, cabinets and floors can be a real turn-off to buyers. Investing in granite, tile and/or remodeled cabinetry will not only increase your own enjoyment, but can make a major difference in resale value.
• Update windows – Double paned windows that shut out noise and help regulate indoor temperature are an attractive and worthwhile investment that will add value to your home.
• Update baths – Attractive bathrooms are always noticed. Tubs and showers are easily replaced or resurfaced, and newer, low-flush toilets can cost as little as $100.
• Update floors and ceilings – Popcorn ceilings are a thing of the past. Scrape them away before painting. Carpeting, if used, should never look dingy or worn. Is there a real wood floor under the carpet? Think about ripping out that old carpeting and refurbishing the wood for a clean and updated look.
• Energy savings – Although not always noticeable, energy efficient additions like solar panels, insulated windows and water filtration systems will trim your own utility bills and add value when you sell.