101 Ways to Increase the Real Estate Market Value of Your Home Continued…More
Interior Improvement Ideas for Great ROI
Interior Improvement Projects with High Return
on Investment
Aside from the kitchen and bathroom, remodeling other areas of
the house interior offer high return on investment (ROI) potential,
as well.
New windows, flooring, additional living space, and special room
features – even if they are only cosmetic – can all
increase the market value of your home and help it sell faster.
Interior improvement ideas include:
- Update HVAC equipment – include
an energy saving furnace. Boost your real estate home worth, and
make it more energy efficient; a big selling point!
- Update master bedroom design – a romantic
bedroom design is very appealing to potential buyers. Consider
floral wallpaper, or soft pastel wall paint colors.
- Acquire the services of a home staging expert –
either for consultation purposes, or to stage your home and make
it more presentable. Investing $300 to $400 for onsite consultation
for ways to freshen up your home’s appearance, or hiring
an expert to stage your home for $2,500 on up will help ensure
a quicker sale. Increasing the sale price far above the home staging
fee.
- Brighten up rooms with new wall paint –
using an interior paint
scheme that helps to create a stress-free
atmosphere and more relaxing environment. Clean soft blues, greens,
or warm and earthy tans and browns, for instance. The trend is
to use subtle, neutral interior wall paint colors, and then add
colorful accessories for excitement and interest. Painting is
a relatively low-cost project with high returns.
- Install wood wall paneling – a popular
home improvement project that improves room appearance and increases
home market value. Select the best quality interior wall paneling
you can afford.
- Install an indoor wall water fountain or other type
indoor fountain – an inexpensive yet impressive
way to add ambiance to a room while increasing market value. A
wall or floor fountain can cost $200 to $4,000 on up. Besides
providing a therapeutic atmosphere, moisture is added to the air,
and unwanted outside sounds are reduced or blocked – creating
a more relaxing environment.
- Get new furniture – a great idea if you’re
moving and would be purchasing new furniture, anyway. New furniture
will make the house interior more attractive, help increase chances
of a quick sale, and could help your home sell for more money.
- Add a safe room – although usually considered
a “lifestyle project,” hurricane or tornado safe rooms
in areas where such catastrophes exist provide protection for
individuals and family members. Offering a big plus when it comes
time to sell your home. One with high recoup potential.
- Increase storage space – whether for
laundry room storage, or storage anywhere else in the home. One
quick easy way is to create cubby hole storage; installed in “blank
walls,” between studs. Finish off the inside of the cubby
hole with paneling; leave open, or make custom doors. Another
option is to make doors from a framed picture on hinges.
- Update or upgrade kitchen appliances –
a less expensive option than a full kitchen remodel, and one that
usually yields a high return. Select energy saving appliance choices
for an energy saving home.
- Install a programmable thermostat –
more efficient than non programmable thermostats. Programmable
models reduce heating costs for a more energy efficient house.
- Update/upgrade insulation – use appropriate
r value insulation, whether for thermal insulation or for sound
insulation.
- Turn unused attic space into living space –
finish the attic; turn it into an extra bedroom. Rule of thumb
- houses with more bedrooms sell for a higher price; ROI can run
as high as 105%!
- Install a bay window – to enhance home
décor and bring attractive outside scenery into the room.
And make it feel more open, spacious, and inviting to potential
buyers.
- Replace old carpeting with new – according
to real estate agents, new wall to wall carpet can sway potential
buyers to select your house over another. Type of carpeting is
important; opt for the best quality you can afford, in a neutral
color. If old carpeting is still in good condition but soiled
or stained, hire a professional carpet cleaner for spot removal
or deep cleaning. An option with high ROI that improves room appearance.
- Install track lighting – to highlight
artwork, showcase a particular element, or illuminate the entire
room. Consider flex track lighting or suspended track lighting.
The addition of a dimmer switch makes lighting more versatile
and is a great mood enhancer.
- Update the laundry room – a well designed
laundry room that is modern, bright, and cheerful makes household
tasks seem less boring. Another great selling point well worth
the investment.
- Have a fireplace installed – whether
a wood, electric, or gas fireplace. A well constructed fireplace
enhances home market value.
- Add a built in – not only do they save
space, but built ins give a home designer appeal. Consider a built
in book case for the den or a built in entertainment center for
the family room.
- Window covering replacement – new curtains
and blinds can go a long way in brightening up a room and giving
it a face lift. Try sheers for a light, breezy atmosphere; drapery
or blinds when more privacy is required.
- Install a home sound system - although usually
falling into the lifestyle project category, such elements in
trendy districts are becoming a neighborhood norm. One that can
increase the chances of selling your home faster, for a higher
price.
- Update child bedroom décor – remove
age-sensitive design features such as nursery rhyme themes. Opt
for non-age specific themes and colors; much more appealing to
a greater number of potential buyers.
- Add crown molding – available in countless
colors, widths, and styles – from simple to elegant; classic
to contemporary. Molding is the icing on the cake; it can give
an ordinary looking room the special touch needed to make it really
stand out.
In addition to the above tips for high ROI, consider these
other ways to increase the real estate market value of your home:
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