Owning a home is a significant investment. Like other investments, you want to do everything possible to maintain or even raise the value of your property. As time elapses, various elements and events can subtract from the value of your home. The changes that affect the value of your home are often quite gradual and sometimes not easy to notice. For example, fading colors, chipping tiles, and outdated installations. Whether for home improvements or for selling your home, here are a few ways you can maintain, if not increase, the value of your home.
1. Replace or Upgrade Home Appliances
The kitchen and bathroom account for a significant share of your home’s value. Outdated appliances, old cabinets, and countertops can reduce the worth of your home. If a complete kitchen renovation is beyond your budget, consider making some upgrades. You can replace older appliances with energy-efficient appliances. New appliances will save on monthly energy bills and remain appealing into the future. For the best performance of kitchen appliances, you should regularly clean and maintain them. For example, clean the coils of your refrigerator and replace the vent filter. Also, keep your kitchen and toilet drain free from buildup. Consider replacing your home’s heating system and things like old toilets with modern ones.
2. Address Concerns with Civility
If a neighbor’s home and lawn are an eyesore to you, consider expressing your concerns in a polite manner. These and other issues can be addressed face-to-face and through Nextdoor, a community-based social network. Nextdoor is a social platform that lets neighbors engage with each other on all matters related to their local community. Thanks to recent Nextdoor racism & discrimination prevention efforts, neighbors can safely discuss and debate various topics and issues without worrying about alienating each other.
3. Work on the Curb Appeal
Another way to protect the value of your home is to maintain curb appeal. Although cosmetic, the way your home appears accounts for as much as seven percent of your home’s value. Faded colors, cracks, and peeling paint on the exterior will eat away the value of your home. To improve and protect the exterior of your home, you need to repaint it. Find the right color and tone that will blend well with your home’s style. Even if you have an aging home, fresh paint can make it look newer, capture more interest, and add more value to your property. The paintwork will prevent your walls from retaining water and thus, deter the formation of damaging mold on your walls.
4. Check Your Home’s Plumbing System
One of the most common problems (especially in older homes) is the plumbing system. Even high-end plumbing materials and high-quality plumbing work can fail. A faulty plumbing system can cause leaks and sometimes floods, mainly after years of service. To curb these risks, ensure your faucets, showers, toilets, and pipes do not have breaks or leaks. Call a plumber to inspect your plumbing system. A professional can identify potential issues and rectify them in good time. Timely interventions prevent water disasters that can otherwise impact the value of your home.
5. Routine Maintenance and Cleaning
Undertaking routine care is the best way to preserve the value of your home. Create a list of all home maintenance activities that you need for your home. Next, determine how regularly you should complete each task; it could be weekly, monthly, or biannually. Remember, regular maintenance will avoid expensive repairs in the future. Replace broken shingles or tiles to prevent paint and structural damage. You will also avoid major problems in the future when you carry out minor fixes in good time. When it comes to cleaning, clean your gutters, compound, and interior of your home. A clean house will attract a higher value and age better over time.
Proper maintenance will go a long way in keeping your property in good condition. These methods, unlike renovations, do not demand much budget. However, they will have a significant impact on the worth of your home.
partnered post • cc-licensed image by Randy von Liski