Six Ways to Increase the Value of Your Kentucky Home

A beautiful home is so much more than a place to store your furniture and sleep at the end of the night. A home is a wonderful reflection of the family it has and a source of countless memories for decades to come.

Outside of your family, a home's biggest return is in financial value. When you're selling your home, one of the biggest steps to take is to increase the return you make on your home's value.

Keep reading to learn how you can explore ways to increase the home valuation of your Kentucky home to get the best return on your investment!

1. Expand Your Home's Square Footage

If you're looking to increase the value of your home, consider expanding its square footage. Even a few hundred square feet can make a significant difference to the value of your home.

If you have room on your lot, consider the cost of adding an additional bedroom or a second living space. If your lot doesn't allow for additional space, consider building upward and adding a loft, or go vertical by adding a basement. Both will add to the total square footage, making your home more desirable.

Investing in quality renovation materials will also help make an impression on potential buyers. Having a finished basement with all the features of a typical above-ground space adds elegance and can increase the value of your home.

2. Invest in Landscape Yardwork

Landscaping can create an attractive and inviting first impression for potential buyers, which helps to make a property stand out from the competition. Curb appeal can be improved by adding seasonal color to the front yard with perennial flowers, small ornamental trees, and shrubs.

Repairing walkways, re-seeding lawns, and adding edging are other small improvements that can help to increase a home's value. Pruning limbs and removing old stumps can also improve safety and open up the view of the property.

Installing a patio or a deck can also be a great way to help an owner gain back some of their investment in yard work. With the right investments, both financial and time, an owner can increase the value of their home with landscape yardwork.

3. Add More Natural Lighting

Natural lighting has been proven to add both monetary and aesthetic value to any home. It has a unique ability to make a room look more spacious and airy, creating an inviting atmosphere for guests. It also provides natural warmth and a cozy ambiance, often making a room appear more inviting.

Simple improvements such as installing larger windows or skylights are great ways to bring in more natural light. For example, installing a new or larger window in the kitchen can really make the room feel brighter and airier. Put a skylight in bathrooms or bedrooms to fill them with natural light.

Additionally, installing reflective surfaces in darker rooms can help direct sunlight. Consider painting walls in light colors or adding mirrors to brighten up the space. With a few effortless improvements, your home can reach its full potential and gain greater value in no time.

4. Upgrade the Kitchen and Bathrooms

Upgrading the kitchen and bathrooms is one of the most effective ways to increase the value of your home. Both areas are often overlooked when it comes to home improvement. But they are areas that are used frequently and make a large impact on the overall look of your home.

Kitchens and bathrooms with modern appliances, finishes, and design features will help to increase the overall value of your home. Replacing older cabinet doors and drawer handles, as well as adding new countertops and tile, can increase the aesthetic appeal of a kitchen.

Finally, don’t forget to replace or update plumbing lines and electrical wiring to prevent leaks and power outages. With expert planning, you can create an inviting space that will allow buyers to take notice and increase the asking price. Good investment decisions can pay you back in large profits when it comes time to sell.

5. Invest in Solar Energy

As the cost of energy rises, more people are looking for ways to cut back on their energy bills. Solar energy is one of the most cost-effective ways to power a home. Installing solar panels in your home will not only reduce your energy bills, but it can also increase your real estate valuation.

Solar energy is cleaner and more efficient than other sources of energy, and with the frequent sunshine in Kentucky, it's easy to generate enough solar energy to power your home. In addition to being a money-saving option, it adds to the overall appeal of your home, making it more attractive to potential buyers.

These systems also qualify for generous tax credits, which you can use to lower your total cost or have a refund. Finally, having solar at your home can give you a sense of satisfaction from being part of an effort that is helping to make the planet a cleaner, healthier place. Investing in solar energy can be a great way to financially protect you in the short and long term, as well as do your part for the planet.

6. Improve Functionality with Smart Home Features

Smart home features can range from device-controlled lights to automated blinds, thermostats, and even security systems. By automating the home, you give yourself more convenience and control over your living space. It also provides added affordability, convenience, comfort, and safety.

Smart features allow homeowners to access their settings from anywhere and monitor their homes from their phones or other mobile devices. It can also improve energy efficiency by controlling the settings automatically. This enables homeowners to save money on electricity while still keeping their homes comfortable.

Optimizing Your Kentucky Home

Increasing the value of your Kentucky home can be achieved in various ways. From simple renovations and upgrades to energy-saving techniques and investments.

To get started, have a general plan and idea of what you want to prioritize and consider creating a budget. If you need help, reach out to a professional to ensure quality finishes and satisfaction. Let's get started and increase the value of your home!

For information on other home improvement tips, check out our blog posts.