Home Ownership

Quick and Easy Ways to Increase the Value of Your Home

Whether you're ready to upgrade your home to increase your own comfort level or want a future investment vehicle, there are many ways you can improve both value and aesthetics through remodeling. But the question is, where do you focus your efforts? What attributes of your home, both on the property itself and nearby, could improve your home's value?

Value begins with your home's location and continues to grow with how well you maintain it before you sell.

Here are some easy ways to maximize your property value

Brighten up your doorway: People make up their minds about your home just seven seconds after coming through the front door. Awnings, brightly painted doors and vibrant spaces can improve value for a minimal investment.

Go solar: If you live in a sunny area, add a solar panel system to your home for a significant value boost. Check for local and state programs that can give you a discount on purchases or tax savings. Monthly energy savings also help you keep money in your pocket.

Replace your garage door and windows: Sometimes replacing parts of your home can give you a better return than an addition. Getting a new garage door is one update that can also improve your curb appeal. On average, you'll get a 72% return on your home equity investment when you replace garage doors, install new windows and switch out other outdoor items.

Keep your yard nice: Owners, neighbors and friends all love a great-looking, well-maintained yard. And, everyone wants that result without all the work. Something as simple as installing a sprinkler system can easily help you increase value by nurturing your yard throughout your ownership.

Avoid certain remodeling myths: Surprisingly, some improvements can seem like a good idea, but might actually make for a bad investment when growing your home equity. For instance, some of the biggest mistakes homeowners make include: laying down carpet over hardwood flooring, installing over-the-top lighting fixtures, converting a garage that could be used for parking into a living space and turning bedrooms into libraries or offices. Contrary to what many homeowners think, these moves rarely increase a home's value or appeal.

To both achieve the highest increase in property value and enjoyment out of using your home, pick the updates that best fit your budget and schedule. Your efforts could help you get a great home equity loan. To kick off your research, look at Discover Home Loans, which offers loans from $35,000 to $200,000, charges zero fees and has flexible terms.

Infographic outlining different ways to increase your home equity


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