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5 Ways to Increase the Value of Your Home

Making improvements to your New Mexico home is one way to help increase its visual appeal. As you look around, you might find things that might look old, outdated, or just not quite as you like. Undertaking home improvement projects can help you to get more enjoyment out of your home. If you’re considering selling, these projects can also help to attract potential buyers.

Visual appeal isn’t the only thing that matters. Value matters, too. Whether you’re considering putting your home on the market soon or you want to make your home better for you, here are five improvements that can increase the value of your home.

Improve Energy Efficiency

Energy costs are one of the biggest expenses of owning a home. Fortunately, there are home improvements that can help you to increase your energy efficiency and reduce your monthly bills.

Your HVAC uses the most energy out of anything else in your home. Get your system inspected to make sure that it is working properly. If it’s old, have it replaced with a new unit. You should still have your HVAC inspected at least once a year.

Your HVAC isn’t the only thing that affects the energy efficiency of your home. Other improvements that can help to increase energy efficiency include:

  • Replacing old appliances with energy-efficient ones.
  • Redoing your insulation (particularly in the attic).
  • Exchanging old windows for more energy-efficient ones.
  • Replacing your lightbulbs with LEDs.

Go Solar

Solar power is becoming more popular. More homes are adding panels to their homes as an alternative source of energy. Making the move to new mexico solar offers a clean energy source that powers your home and reduces your overall energy costs.

The initial investment for solar can be a little scary. Fortunately, there are ways to make getting panels installed easier, such as loans and leasing options. There is also a federal tax credit that allows you to deduct 30% of the cost of installing solar panels. 

Make It Smarter

There are many smart devices on the market today, including some that you can add to your home. While some do not add any extra value, there are several that can. A smart thermostat is one such device. It allows you to control the temperature of your home, even when you’re not there. You can change settings right from your phone or other connected devices. Other smart devices that can help to increase the value of your home include:

  • A security system.
  • Video cameras.
  • Smoke and carbon monoxide detectors.

Update the Kitchen

The kitchen remains one of the most important features of any home. Most home buyers are looking for a modern kitchen that is both usable and visually appealing. You don’t have to tear your kitchen apart and rebuild it to add value. Replace or reface the kitchen cabinets and give the doors new hardware. Change the countertops for marble or quartz. Replace old appliances with stainless-steel, energy-efficient ones. Add a new coat of paint. No matter what your budget, there are ways to upgrade your kitchen.

Add Usable Space

Bigger homes tend to sell for more money. Consider adding a bedroom or bathroom. Adding a deck can also add extra space to your home.

Even if you don’t want to add extra square footage to your home, there are still ways that you can increase usable space. If you have a basement or attic, finish it. Turn a basement into a game room or workout room. You can turn an attic into a playroom, office, or extra bedroom. By increasing usable space, you can increase your home’s value.

No matter if you plan on selling your home soon or you plan to keep it for the foreseeable future, making improvements offers numerous benefits. Not only can improvements increase the home’s value, but they can also increase the visual appeal and help to decrease the costs associated with homeownership.

Lewis Robinson

Lewis Robinson is a business consultant specializing in CRM, sales, and real-estate.

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