How to boost your homes value by $100,000 in 2023 (2024)

FAQs

How to boost your homes value by $100,000 in 2023? ›

Consider adding a family room, an additional bedroom, or even a home theatre to make the most of the space. Update your landscaping: A well-manicured lawn and beautiful landscaping can add curb appeal and value to your home. Consider planting some flowers, shrubs, and trees to enhance the look of your property.

Maintaining a property and making home improvements help increase the resale value of your home. Minor remodeling to major renovations in the kitchen and bathroom are particularly beneficial. Replacing outdated features through strategic projects significantly boosts its worth and resale value.

One quick way to refresh your home's curb appeal is to install outdoor lighting. This ambiance and aesthetic also improve your yard safety, and it can add up to 20% on the perceived value of your home. You'll want to pair your outdoor lighting with a well-manicured lawn to enhance your yard's beauty.

Consider adding a family room, an additional bedroom, or even a home theatre to make the most of the space. Update your landscaping: A well-manicured lawn and beautiful landscaping can add curb appeal and value to your home. Consider planting some flowers, shrubs, and trees to enhance the look of your property.

A clean and clutter-free home can significantly increase its value. Adding usable square footage through basem*nt finishing, attic conversion, or extensions can enhance home value. Upgrading the kitchen and bathrooms can positively impact home value.

Value Report found that the average American homeowner spends $22,636 on a new asphalt shingle roof of midrange quality. That new roof will increase the home's value by $15,427, on average. That works out to 68 percent of the investment.

Location is the cornerstone to a home's value. You can modify a house to fit your needs, but the location will always stay the same. The location of a home and its proximity to desired resources are often the most important deciding factor for a buyer.

What things add the most value to a property? ›

Supply and demand

Simply put, as the housing supply decreases or as demand rises, creating an inventory shortage, home values go up. A real estate inventory shortage means that there are fewer sellers than there are buyers.

Installing custom faucets, ceiling fans, or lighting fixtures may sound like an easy way to elevate a room in your home, but these improvements won't increase your home's value enough to cover the cost it takes to purchase and install them. Plus, potential buyers won't pay more for a home just for high-end fixtures.

Colonial. Colonial-style homes have the highest resale factor when all other elements are equal.

Home renovation is a huge undertaking, and almost invariably takes more time and costs more money than homeowners expect. Rasekh says it's a good idea to set 20 to 30 percent of the total cost of your project aside for the unexpected — that's up to 30 percent on top of the project's original cost estimate.