So, you’ve decided to put your home on the market. Since your goal is to sell it for the highest price possible, you’re likely on the search for ways to add value to your property. There are simple steps you can take, like re-painting, making any necessary repairs, or doing some landscaping. However, if you really want to increase the value, there are some lesser-known, creative ways to add property value.
Here are four creative ways to add value to your home before listing it.
#1 Add an Addition
If your budget allows, adding an addition to your home can do amazing things for your ticket price. You can make this addition a guest house, an office, or go for the newly trending mancave or she-shed. Creating this home addition can add a significant ROI (return on investment), but don’t just stop with an addition.
Make sure that your addition is built using ICF technology; this is a type of construction that uses insulated concrete forms. It’s a construction method that’s making waves for its energy-efficiency, but as an addition, it carries a bonus benefit. ICF structures are incredibly durable. They withstand even the harshest weather conditions, including tornadoes.
By adding this add-on space, you’re adding property value, but if this space doubles as a storm shelter and safe room, your property value will skyrocket. According to one study, adding a storm shelter increases property value by three and a half percent.
#2 Add A Permeable Paving System
A permeable paving system can do wonders for your property value. Permeable pavement is an alternative to traditional pavements mediums, like concrete. It is porous, so it absorbs water, and is designed to mimic the natural absorption of the ground. For your house, installing a permeable paving system mitigates water damage, improves drainage, and reduces stormwater runoff.
Having this system installed will prohibit future flooding damage. This type of system is especially attractive if you live in an area that experiences a lot of rain. Prospective home buyers will appreciate how
thoughtful and responsible you are. Taking this extra step will add value because it’s an added preventative measure. Additionally, it speaks to you as a homeowner, which can move the ticket price up considerably.
#3 Install Non-Porous Countertops
Almost any advice for increasing property value includes a remodel of your kitchen and bathrooms. It’s no secret that doing so can have a substantial effect on selling price. And, you can’t redo a bathroom or kitchen without remodeling the countertops. Now, most people opt for granite countertops, which is a solid choice. However, granite is a porous material, which means that it absorbs moisture, making it an unideal choice for both the bathroom and the kitchen.
Instead, win over prospective buyers with engineered quartz countertops, which are both aesthetically-pleasing and non-porous. Amp up the bathroom durability and moisture resisting with solid surface shower walls to show potential buyers that you prioritized durability in material choice all the way around. Choosing non-porous countertop materials also results in countertops that are much easier to clean and maintain in the long run.
#4 Add Green Additions
Energy-efficiency is not just trendy. It’s a selling point for buyers. If your current HVAC system or water heater is old, it could be worth upgrading them to green models. A solar-powered water heater can save around 80% on future water-heating bills. Energy-saving additions add approximately twenty times the annual savings to the total property value.
If you want to really increase the property value with green additions, you can have a solar panel system installed on your home. Homes powered by solar have an increased value of 3-4%, and sell for around 4.1% more than comparable homes without solar panels.
Raise the Value of Your Property Before You List It
These four methods are just a few ideas to increase your property value. Take the time to think about other ways to increase the current value of your home. Small improvements, like painting, changing lighting fixtures, upgrading knobs, and deep cleaning carpets and floors can all increase the value of your property. However, if you want to see significant increases, you’ll have to take on larger projects and more creative improvements, like the four listed above.
Just keep in mind that these projects are investments. Run the numbers before you do any project and make sure that it makes sense for your returns before pouring money towards any major house remodeling project.
Matt Lee is the owner of the Innovative Construction and Building Materials blog and a content writer for the building materials industry. He is focused on helping fellow homeowners, contractors, and architects discover materials and methods of construction that save money, improve energy efficiency, and increase property value.