People who have gone through a housing recession before know it will
eventually end. And during the recession, it is vital to keep your
house in good condition to avoid higher expenses
as little things grow into big repairs.
Costs of labor and materials
also become less with the decrease in demand, so spending on even small
improvements can put your home into a position to really increase
substantially in value when the market recovers.
Here are some areas
you may want to focus on to increase your home value:
- Electrical care is vital not just for the value of your home, but for
the safety of all who live in that home. Make sure all malfunctions are
checked and repaired immediately. And if you want to increase the value
of your property, add some decorative light fixtures to elevate your
home from the ordinary to the extraordinary with little expense.
- Keep exterior paint in good condition. It not only makes your house
more appealing to look at, but protects the structure beneath.
- Replace old windows and doors with energy efficient new ones that will
make your home look great, increase your home value and save on heating
and air conditioning costs.
- Tend to flooring. Remove chipped and cracked tiles that can injure bare
feet and seal new tile or wood surfaces. Replacing floor coverings can
really up the selling price of your home in the future.
- Upgrade your kitchen cabinetry. You can remodel existing cabinets for reasonably low costs
now, and if you replace them, consider re-hanging old cabinets in your
garage for storage. This way you'll get a double increase in home value
as well as added utility and beauty.
- Plumbing upgrades will make your home healthier, more comfortable and
will likely pay back however much you spend in the way of saving you money in utility costs and repairs over time. Use new copper pipe to replace
old pipes that can crack and flood as well as reduce water pressure.
Add water-saving irrigation systems to the landscape. And if you need
to purify your drinking water, install a reverse-osmosis system.
- Improving roofing and landscaping
are two more areas that will add to your quality of life while
elevating your home's value. For more information on how to increase
your home value, please see the additional Resources listed below.