Homeowners often look for ways to increase their property’s value, especially when considering selling in a competitive market. While a fresh coat of paint or new carpet can help, more impactful upgrades can boost your home’s value by a significant amount. If you’re wondering how to increase your home’s value by $100000, here are some smart upgrades that can make it happen.
Kitchen Renovation: The Heart of the Home
Many see the kitchen as the heart of the home – a place where families come together, meals are created, and lasting memories take shape. A well-renovated kitchen can instantly add significant value to your home. Focus on modernizing outdated appliances, installing new countertops (granite or quartz is highly desirable), and upgrading cabinetry with soft-close drawers or sleek designs. Open shelving or a stylish backsplash can also add character and appeal to the space.
Investing in a kitchen renovation can yield impressive returns, especially if you create a space that is both functional and visually striking. Depending on the scale of the remodel, this can easily boost your home’s value by $50K or more.
Bathroom Overhaul: Luxury on a Budget
After the kitchen, bathrooms are the next major area buyers will look at when evaluating a property. Simple updates like replacing outdated fixtures, adding a fresh coat of paint, and installing modern lighting can have a noticeable effect. For a more extensive renovation, consider replacing old vanities with double sinks, upgrading to a rain shower, or installing a freestanding soaking tub for a spa-like atmosphere.
Luxury bathrooms with high-end finishes and contemporary design can substantially increase your home’s value. A well-executed bathroom upgrade might add another $20K to $40K to your property’s worth, depending on the scale and quality of the work.
Energy Efficiency Upgrades: Save Money, Add Value
Many are looking for homes for sale that are energy-efficient, and for good reason. Upgrading insulation, replacing old windows with energy-efficient models, and installing a smart thermostat can reduce your home’s energy consumption and lower utility bills. These eco-friendly upgrades are highly attractive to buyers and can increase your home’s value significantly.
Additionally, consider upgrading your HVAC system to a newer, more efficient model. Homes that boast energy-efficient features often command a premium in today’s real estate market, and you could see a $20K increase in value with these thoughtful upgrades.
Curb Appeal: First Impressions Count
Don’t underestimate the power of curb appeal. A well-maintained exterior is the first thing potential buyers will see when they pull up to your property. Simple upgrades like a freshly painted front door, new landscaping, or a modern mailbox can make a world of difference. Installing outdoor lighting, a new driveway, or adding a patio area for outdoor dining can also elevate the look of your home and create a welcoming environment.
The impact of curb appeal on your home’s overall value shouldn’t be overlooked. In some cases, it can easily add $10K to $20K to the value of your property.
Finished Basement or Attic Conversion: Unlock Extra Space
Adding usable living space to your home is one of the best ways to increase its value. Transforming an unfinished basement or attic into a functional living space can significantly increase your home’s value. This could mean creating a home office, an extra bedroom, or a home theater room – anything that enhances the functionality of the space.
Depending on the size and quality of the renovation, you could easily increase your home’s value by $30K to $50K. Potential buyers often see extra square footage as a big plus, especially in areas with high demand for family homes.
Top-rated Real Estate Agent in New Jersey
Increasing your home’s value by $100K is achievable with the right upgrades. By focusing on high-impact areas like the kitchen, bathroom, energy efficiency, and curb appeal, you can make your home more attractive to buyers and increase its market value.
At NJLux, we are your premier resource for luxury real estate for sale in Bergen County, New Jersey. Led by Joshua Baris, ranked in the Top 1% of licensed New Jersey real estate agents, we have the expertise to help you maximize your property’s potential.
Whether you’re looking to sell a high-end home or make strategic upgrades, we guide you through the process with precision and care. From smart renovations to market strategies, NJLux is committed to getting you the best return on your investment. Contact us today to learn more.
