Clever Tips that Will Help You Increase Your Home’s Value

Shannon Quinn - August 15, 2022
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Clever Tips that Will Help You Increase Your Home’s Value
Finishing a basement adds on extra square footage to a home. Credit: Shutterstock

4. Finish Your Basement

“If you have an unfinished basement, you might have room for storage, but you’re missing out on livable space for future buyers to enjoy— whether as a home office or space for entertaining. In fact, finishing a basement of 400 to 1,500 square feet has a potential ROI of up to 75%. You’re adding more heated square footage, which bumps up your house into another price bracket.”

A basement can easily be transformed into a guest room. Credit: Shutterstock

“Even among homes ranging from $250,000 to $400,000 in Georgia, an unfinished basement can add about $15,000 to $20,000. If finished, a basement can add even more — up to $40,000 or $50,000 to the asking price. Finishing a basement will run you $18,400 on average, but can cost up to $34,000, largely depending on your square footage. This project involves installing flooring, drywall, and paint, but it creates a “valuable blank canvas” for potential buyers.” (via Homelight)

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Always hire professionals to replace your garage door for you. Credit: Shutterstock

3. Replace Your Garage Door

When you think about curb appeal, it is the impression that you get when you walk up to the front of someone’s house. If you have a garage with an old, dented door, people take notice to that. Sometimes, you can improve the look of the door by just painting it. But sometimes, there is no other option than to replace the door completely.

Buying a fancy garage door can seriously add to your curb appeal. Credit: Shutterstock

“According to HomeLight’s research, top agents say a new garage door costs an average $1,200 but adds an average $2,797 in resale value for a 133% ROI.” Of course, some garage doors cost much more than that, if you’re looking to install something stylish rather than basic. At the end of the day, do what’s right for you and your budget. (via Homelight)

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Adding a paved driveway can help increase the value of your home. Credit: Shutterstock

2. Add a Parking Space

Depending on where you live, ample parking space might be like finding the holy grail. But no matter where you’re located, people always check to see how many cars they can fit in the driveway. Multiple adults may be living in the same home, but they also want to have guests over without crowding the street with cars. In urban areas, it’s especially rare to have a parking space. So if you can figure out a way to create one with gravel or pavement, this will always add value to your home.

Make sure your potential buyers have somewhere that they can park their car. Credit: Shutterstock

“Parking spaces are increasingly becoming like the veritable needle in the haystack and more and more homeowners are choosing to convert excess space in their property into valuable parking facilities. Adding a single parking space to your home could see your property’s value soar by 5%.” (via Deco Alert)

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Metal mail boxes like this can be painted any color you like. Credit: Shutterstock

1. Replace Your Mailbox and House Numbers

Believe it or not, small touches like your mailbox and house numbers really grab buyers’ attention. You may have a beautiful home, but if you have an old and dented mailbox, it comes across as lazy. If you can’t even replace a mailbox, why would they want to even look inside or consider buying your house? Mailboxes cost less than $50 if you’re going for something standard from somewhere like Home Depot, or you can invest a bit more and get a stylish one for around $100 to $150.

House numbers can add a sense of elegance to the front of your home. Credit: Shutterstock

The same goes with house numbers. You need to make sure your house numbers are large and easy to see from the road. Nowadays, people get deliveries from Amazon and Uber Eats left and right. We need the drivers to be able to clearly see where you live, so there is absolutely no confusion for them. The great thing about house numbers is that they’re incredibly cheap from somewhere like Home Depot, and you can even find them at the Dollar Tree. You can also paint the numbers by hand, if you happen to have the skill set. (via Homelight)

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