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10 Ways to Increase the Value of Your Home in 2023

Updated: Aug 8, 2023

 

Wellington Builders | Renovations | Construction | Design & Architecture Services | Environmentally Conscious | Wellington Roofing & Waterproofing | Wellington Painters


 

View from inside a white living room to the outside patio

As a homeowner, it's always good to think about ways to increase the value of your home. Whether you're planning to put your home on the market soon, or just want to enjoy a better quality of life, there are plenty of strategies you can use to improve your property. In this post, Wellington builders Orkney Group lists their top ten ways to increase the value of your home.


Are you ready? Let’s get into it!

1. Invest in energy-efficient upgrades: By making upgrades like insulation, new windows, and solar panels, you can save money on your energy bill while also making your home more attractive to buyers. On the topic of insulation, a very cost-effective way to heat your home easier is by installing a polythene ground sheet (otherwise known as a vapour barrier) beneath your house. This reduces the amount of dampness that comes into your home which, in turn, means less mould and condensation. If you install it yourself, the cost will be about $1 per square metre!


2. Upgrade your kitchen: Since the kitchen is often the heart of the home, upgrading it can really make a difference in your property value. Consider investing in new appliances, countertops, and cabinetry to create a modern and functional space. You may also want to think about changing the flooring if it looks tired and outdated. There are many laminate products available on the market today that are hard-wearing and suitable for kitchen floors without the cost of hardwood. Does your kitchen need more storage? Be sure to allow for this in your upgrade.



3. Improve your curb appeal: First impressions count! By adding some landscaping, painting your front door, and cleaning up clutter, you can really boost your curb appeal and make your home more inviting.


4. Add a deck or patio: Let’s face it; we Kiwis love outdoor space! Adding a deck or patio can create a great space for entertaining guests and enjoying the beautiful outdoors.


5. Finish your basement: A finished basement can add valuable living space to your home. Imagine turning it into a home theatre, game room, or additional bedroom! Even just adding a coat of paint, rugs on the floor and lighting will help a buyer see the potential in this space.


6. Update your bathrooms: Bathrooms are an important selling point for many buyers. Consider upgrading your fixtures, adding new tile, or flooring, and updating your lighting to create a fresh and modern look. If you’re keeping to a tight budget, you may want to consider just replacing smaller items such as taps, handles, and lighting fixtures.


7. Install a security system: Home security is more important than ever. Installing a security system can not only help protect your home but also make it more attractive to buyers.


8. Paint your home: There’s nothing like a fresh coat of paint to really transform your home's appearance. Orkney Painting & Decorating recommend using neutral colours that will appeal to a wide range of buyers.


9. Add smart home technology: Smart home technology like programmable thermostats, smart locks, and voice-controlled assistants can make your home more convenient and appealing to buyers.


10. Keep up with routine maintenance: Regular maintenance tasks like cleaning gutters, replacing HVAC filters, and fixing any leaks can help prevent bigger problems down the road and keep your home in top condition.


By following these ten steps, you can increase the value of your home in 2023 and beyond. Whether you're looking to sell or just want to improve your quality of life, these strategies can help you achieve your goals.


Check out Orkney Group’s 9-Step Guide for a Successful Kitchen Renovation or our 9 Top Bathroom Renovation Tips for some practical help on tackling these projects. If you’d like some assistance with planning the budget for your renovation, you’ll find our Step-by-Step Guide to Budgeting for Your Renovation Project to be really helpful.



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