If you own your home, there are hundreds you can do to increase it's value. In most cases, home improvement and maintanence is a never ending job, but you have to start somewhere. So, here are 7 ways you can add value to your home.
1. Update Your Kitchen
The kitchen is the heart of most homes. Remodeling your kitchen can be expensive, the average remodel costs around $30,000, but it should add around 70 percent of the cost to your home's value. Just be sure you know what you are in for, as there are many different levels of kitchen remodels. For instance, an upscale kitchen remodel might run you closer to $100,000.
2. Create More Space
If your home has a very closed feel to it, knock out a non-structural wall to create more room and open up your living space. It's not always an option, but creating an open feel should absolutely be considered if it's a possiblity.
3. Renovate Your Bathroom
With an average cost of around $16,000, remodeling a bathroom can add some serious value to your home for much less outlay than doing the kitchen. Remember, if you plan to sell your home, the kitchen and bathroom are the areas where buyers can easily tell if you had spent money on the home or not.
4. Clean Up the Yard
A messy, overgrown yard says a lot about a home. The problem is, the things it says are likely "don't buy me". Keep up with your yard maintenance and remove unsightly or overgrown vegitation. It's a lot of work, but it is worth it.
5. Replace Worn Flooring
Installing wood or stone flooring can make a big difference in both your home's appearance and value. However, depending upon the square footage of your home, this can be extremely expensive. If budget is an issue, start with high traffic areas and rooms with worn carpeting and flooring before doing the whole house.
6. Installing a Steel Entry Door
It doesn't sound like the most impressive home improvement project, but replacing your front door actually recoups the most value of any common project. Expect to add nearly 97 percent of the cost of replacing your current entry door with an upgraded steel one to your home's value.
7. Replace Your Windows
Replacing old windows can do a lot of good things for your home's value and - if you are replacing single pane or leaky windows - can also save you a ton of money on heating and cooling. It's a win, win.