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Strategies on How to Increase Home Value Through Innovative Approaches

Strategies on How to Increase Home Value Through Innovative Approaches

In the ever-evolving landscape of real estate, homeowners are constantly seeking ways to maximize the value of their properties. Whether preparing for a future sale or simply aiming to enhance their living space, the quest to boost home value remains a top priority. Fortunately, the realm of possibilities for increasing home value is vast and diverse. In this article, we’ll dive into some of the most effective and forward-thinking approaches to enhancing your home’s worth. One crucial aspect in this endeavor is the expertise of professionals who understand the intricate dynamics of architecture and design. That’s where our firm comes in. Seth A. Leeb Architect in NJ offers invaluable insights and solutions tailored to amplify your home’s value – let’s take a closer look:

Strategies on How to Add Value to a Home  

Homeownership is a financial and emotional investment, and property should be maintained throughout the year.  Your property should not only be maintained, but also improved upon to increase the value. From a maintenance standpoint, it’s important to budget for annual exterior, interior, and systems inspections to ensure leaks or termite damage are detected early. To take this a step further, consider extending the usable square footage of your home by adding a bathroom to the main bedroom or renovating the patio area. You can also consider an home addition project such as adding a second floor over the garage, which can be made easier with the professional assistance of an architect. They have the expertise to take your vision and budget and transform your home addition into something truly remarkable.

Guidelines on How to Increase Home Value for a Profitable Sale  

The National Association of REALTORS® (NAR) has more than 1.5 million members throughout the country. Their latest Remodeling Impact Report included inputs from REALTORS® and members of the National Association of the Remodeling Industry (NARI). By estimating the likely dollar value a remodeling project will add to the house at resale, they highlighted that one of the best ways to add value to your home is to upgrade bathrooms and kitchens. How much value was added?

Complete Kitchen Renovation – 75%

Kitchen Upgrade – 67%

Bathroom Renovation – 71%

Add New Bathroom  – 63%

Cost-Effective Ways to Increase Your Home Value  

If you are wondering how to add value to a home when you have a limited budget, we have a few suggestions. Curb appeal is vital to the desirability of a property as it’s the first thing potential buyers see. Trim overgrown bushes and add new plants and fresh mulch to make a great first impression. Clean the driveway and all house entrances, and make the windows sparkle. Declutter and clean your home interior before showing it to clients. Add a coat of paint to the doors and window frames to make your house look fresh and renewed. 

What Renovations Increase Home Value the Most? 

What other renovations increase home value according to the NAR report? Homeowners found the most joy from having the interior of their home repainted, but the property increased most in value with the following interior and exterior renovations:

Interior

Hardwood flooring refinish  – 147%

New wood flooring – 118%

Insulation upgrade – 100%

Basement conversion to living area – 86%

Closet renovations – 83%

 

Exterior

Add a new roof – 100%

Get a new garage door100%

Install fiber cement siding – 86%

Install vinyl siding – 82%

What Features Increase the Value of Your Home?

A growing awareness of environmental issues and increasing energy prices make energy efficiency a valuable selling point. Add solar panels to your property and install Energy Star-certified appliances to reduce your property’s carbon footprint and increase cost savings. Other features that can improve the marketability of your house include replacing the front door and adding new modern hardware to kitchen and bathroom cabinets.

Seth Leeb specializes in custom residential architecture in New Jersey, as well as home additions and renovations. We have over 25 years of experience in residential house design, from modern construction to arts & crafts style homes. If you seek the services of an architectural firm to increase your home’s value, contact Seth A. Leeb Architecture today or visit our website at: https://leeb-architecture.com/

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