Here are 12 factors to consider. One of the most affordable yet effective ways to add value to your home is to simply clean and tidy it up. A clean home looks good and allows prospective buyers to see themselves living in their space. During a booming economy, homeowners have greater cash flow to reinvest in maintenance, upgrades, and home improvements, which increases even more the value of the house.
In addition to usable space, home expansions that include accessory housing units (ADU) or suites for mothers-in-law can increase the value of a home by up to 35%. When bidding wars break out in a neighborhood, homes sell at higher prices than the previous sales prices of similar homes. If you plan to stay in the house for a longer period, you can increase both the enjoyment of the home and its resale value by undertaking larger projects. So, if homeowners are wondering: “How do you increase the value of a home between 50,000 and 100,000 dollars? The answer is simple: think about home improvements from a strategic mindset and always consult real estate professionals when in doubt. Whether you plan to sell in the near future or simply want to continue to increase the investment value of your home, there are many steps you can take to increase the value of your home.
