If you’re looking to increase the value of your home, there are many tried-and-true methods you can use. But if you want to maximize your investment, you need to think outside the box. Many homeowners don’t realize there are many uncommon ways to add value to their property. If they did, they could potentially see a much higher return on their investment.
Here are some uncommon ways to increase the value of your home:
1. Invest in a high-quality security system
A well-designed security system not only deters criminals but also gives peace of mind to potential buyers who might be worried about the safety of their new home. A recent study found that houses with security systems sell for up to 3.5% more than houses without them. This might not seem like a lot, but it can make a big difference when you’re trying to sell your home.
Opt for a security system that includes features like surveillance cameras, motion detectors, and an alarm that can be controlled remotely. These added features will give potential buyers even more peace of mind and could lead to a higher sales price. If you’re unsure where to start, talk to a professional security company about your options.
2. Make your home more energy-efficient
Energy-efficient homes are in high demand these days as more and more people are looking to save money on their utility bills. Making your home more energy-efficient is a great way to appeal to potential buyers and increase the value of your home. You can make your home more energy-efficient by installing energy-efficient windows and using LED light bulbs and save about 10% on your energy bills each year. According to Forbes, energy-efficient homes sell for an average of 9% more than homes without these features.
Another excellent way is by insulating your home. This will help keep your home warm in the winter and cool in the summer, which will save you money on your energy bills. Many homeowners even go as far as installing insulated patio roofing to make outdoor areas more comfortable and reduce energy consumption. This will not only make your home more valuable but also make it more enjoyable to live in.
3. Build a mother-in-law suite
A mother-in-law suite is essentially a small apartment attached to your home. It can be used as a rental unit, an Airbnb, or extra space for out-of-town guests. According to Realtor.com, mother-in-law suites can increase the value of your home by as much as 20%. You can build a mother-in-law suite by converting an existing room, such as a basement or attic, into an apartment.
If you don’t have the space for a mother-in-law suite, you can still add value to your home by creating extra living space. For example, you can convert a spare bedroom into an office or a playroom for the kids. These rooms are always in high demand and can make your home more valuable. Always get the proper permits before making any significant changes to your home.
4. Install a backup generator
Investing in a backup generator is a great way to increase the value of your home while also giving yourself some peace of mind. Backup generators come in handy during power outages, which are becoming increasingly common due to severe weather events like hurricanes and winter storms. A backup generator will keep your lights on and your family safe when the power goes out, and it could also increase the value of your home by up to 7%.
Choose a powerful generator to run your essential appliances, like your refrigerator and stove. You should also ensure the generator is easy to operate and has an automatic start feature. This way, you won’t have to worry about it during a power outage. You can find various backup generators online and at your local home improvement store.
5. Add a home automation system
Finally, one of the best ways to increase the value of your home is to install a home automation system. A home automation system lets you control your lights, thermostat, and security system from your smartphone or tablet. This is a great selling point for potential buyers, as it makes your home more convenient and energy-efficient. It can also help you save money on your energy bills.
Installing a home automation system is a major project, so be sure to do your research and hire a qualified professional to do the job. Home automation systems can be expensive, but they’re definitely worth the investment.
There are several methods for increasing the value of your home—but some are more effective than others. If you’re looking to add value to your home, the less common ideas on this list will do the trick. These unique ideas will help your home stand out from the rest, from building a mother-in-law suite to installing a backup generator. With a little bit of effort, you can increase the value of your home and make it more appealing to potential buyers.