Whether you want to increase the value of your property to sell now or later there are interior upgrades that can boost your home’s value. However, you don’t want to spend too much money on upgrades. The general rule of thumb is to spend no more than 10% of the market value of your home for renovations or additions to your home.
If you’re spending 10% of the market value of your home to upgrade it you want to make sure that it’s going to boost your property’s value. Continue reading to find out affordable ways you can upgrade the interior of your home that will increase its value.
Include an AC System in Your Home
The first upgrade you should consider is adding AC systems inside your house. An air conditioning system keeps your house cool when the temperatures start to rise during the summer months. What’s more, adding an AC system to the interior of your home may increase your property value by 10%.
However, this will also depend on the quality of the AC unit. You want to purchase an air conditioning unit that’s not going to affect the aesthetics of your home. Choose a streamlined AC design that is affordable and adds to the aesthetics of your home.
Open Up Your Space by Knocking Down Walls
If you knock out the right walls you can create that spacious open plan look that many home buyers are looking for. Some property buyers favour houses that have a complete or partial open plan design. Furthermore, an open plan allows more light into your home giving it an airy appeal. Open plans work well for:
- Living rooms
- Dining rooms
Knocking down a wall is one of the cheapest renovations but you may have to get it done professionally so you will have to factor in labour costs.
Repainting and Refurbishing
Repainting your walls and refurbishing your floors is the easiest way to give your home a fresh new look. It’s also a way to increase your property’s value but this will also depend on the colour you choose to paint your home. Most homeowners wouldn’t want a house with bright pink walls.
Choose neutral tones such as white or grey for your lounge, dining room and kitchen. You can paint bedrooms interesting colours but make sure you choose cooler tones such as blue or viridian green. Repainting your walls may increase your return on investment if you do it correctly.
Add More Cabinets and Cupboards
Many people prefer a home with plenty of storage space for items that they don’t use regularly. To increase the value of your property consider adding:
- More spacious cupboards in the bedroom
- Large built-in cupboards in hallways
- Cabinets in kitchens and bathrooms
- Open or closed cabinets in the living room
If you want to sell your property then consider using this guide to upgrade your home so you can increase its value. The aesthetics of your home is also important so if you do any sort of renovations it’s advised to get professional contractors to assist you. This will ensure that all upgrades are done correctly and to prevent damage to your property.