Top Ways To Increase Your Property Value This Year

When it comes to increasing the value of your property, there are a range of options you can explore. Whether you’re simply looking to increase the value of your home as an investment or you’re preparing to put it on the market, there are a few key steps you can take to help boost the value. Here are five great ways to increase your property value:

1. Remodel or Upgrade Your Kitchen: The kitchen is one of the most important rooms in a home. Investing in a kitchen remodel or upgrade can significantly increase the value of your home. This could include anything from new cabinets and countertops to upgraded appliances and lighting. The cost will depend on the scope of the project, but on average it can range from $5,000 to $20,000. When done right, a remodeled kitchen can increase the value of your home by up to 5%.

2. Seismic Retrofitting: Seismic retrofitting is an important step to take to help increase the safety and value of your property. Retrofitting is the process of installing additional bracing, anchors and supports to the existing structure of your home. This helps strengthen the home and reduce the risk of damage in the event of an earthquake. It will also help increase the value of your home if you’re looking to put it on the market. The cost to retrofit your home will depend on the size and scope of the project, but it can range from $2,000 to $10,000 or more. The increased value of your home can range from 2-5%.

3. Upgrade Your Bathroom: Along with the kitchen, a bathroom remodel can also help to increase the value of your home. This could include new tile and fixtures, as well as a new vanity, sink, and toilet. The cost of a bathroom remodel will vary depending on the scope of the project, but it can range from $3,000 to $10,000. A remodeled bathroom can help to increase the value of your home by up to 4%.

4. Add Curb Appeal: Curb appeal is an important factor when it comes to increasing the value of your home. This could include anything from landscaping and painting the exterior of the home to adding a new front porch or walkway. The cost of adding curb appeal will vary depending on the project, but it can range from a few hundred dollars to thousands. The increased value of your home can range from 3-5%.

5. Upgrade Your HVAC System: Upgrading your HVAC system is an important step to take when looking to increase the value of your home. This could include anything from replacing old air filters to replacing the entire heating and cooling system. The cost of an HVAC system upgrade can range from $2,000 to $10,000 or more. An upgraded HVAC system can increase the value of your home by up to 3%.

No matter what you decide to do to increase the value of your property, it’s important to weigh the cost versus the potential return. But if done right, any of these five steps can help increase the value of your home when it’s time to sell.

Ready to explore whether a seismic retrofit is appropriate for your home? Book a free residential seismic assessment today.