This is a guest post by Tyler.
The value of a home is calculated in two ways: one of these ways is through the professional appraisal that must be conducted to accurately determine the worth of the home in the current market. Adding value to your home in this respect is difficult, though not impossible, to accomplish without spending some money. However, another way that value is calculated is through the eye of the potential purchaser. There are certainly some free ways to increase how another person views your home.
If you are looking to increase the value of your home as far as appraisals go without spending any money, the most important step is to be patient. Do not expect your house to increase in value overnight. Plan to live in that home for at least a few years, and, as long as the market is in a positive state, the value of the house will sometimes naturally increase. Pay attention to current housing market trends to remain aware of the status of your home.
Family and Friends
Making home improvements is often costly due to the price of labor. If you already have the materials, or someone is willing to donate them to you, then you may be able to eliminate the labor cost. Ask a handy family member or friend if he or she would be willing to paint your dining room, fix up that broken step outside or improve the lighting system. Of course, this process is even simpler if you or your spouse can do these activities by yourself. Additionally, ask around to see if anyone is looking to get rid of kitchen appliances. These add value to your home, generally both in appraisals and in the view of the potential buyer.
Creating Curb Appeal
One item that is always mentioned in regards to raising the value of your home is the concept of curb appeal. When people drive up to the house, the landscaping should look warm, tidy and inviting. While buying flowers and vegetable seeds may not be in the budget, that does not mean that the yard has to become a wasteland. Instead of hiring landscapers to take care of the property, take matters into your own hands and make sure that the lawn stays trimmed and plants and hedges do not become unruly with a simple pair of garden shears.
Making New Rooms
Terri Cettina’s article, “10 Cheap Fixes to Boost the Value of Your Home” suggests that rooms do not always have to be what they appear. For example, let’s say that you currently have two bedrooms and an office. Is that office really only an office though? It may, in fact, be considered a bedroom. If it is a bedroom, you have gone from having a two bedroom house to having a three bedroom house in a matter of seconds without having to spend money or do anything at all.
Some creative thinking and flexibility are necessary if you wish to amp up the value of your home for free. Of course, if you are willing to spend some money, the value can be increased by an even larger amount; however, these are suitable starting points for appreciating the worth of your living space.
About the Author:
Tyler Barrows writes about home improvement, interior decorating & saving money at homeinsurance.org.
This was a guest post. We were not paid to place this post on our blog. We simply like receiving guest contributions. Click here if you would like to be a guest blogger at 1house1couple.