An older traditional house may need a bit of work in order to bring it up to modern standards and maximize its value. Whether you’re looking to increase the value of your own home or a property you’re investing in, there are some easy ways to add value without breaking the bank. Here are some of them.
Energy Efficiency Upgrades
A great way to increase the value of a traditional home is by making it more energy efficient. A few simple upgrades—such as replacing old windows and doors, installing insulation, and upgrading appliances—can help reduce your monthly energy bills while also increasing the value of the home.
It’s a win-win! Not only that, but these upgrades can also help you qualify for government tax credits, so be sure to do your research. For example, in some states, you can save up to 30% of your expenses on select energy efficiency upgrades.
In addition, you can also consider installing solar panels or a geothermal system for even more savings and added value. These are often expensive investments up front, but they can pay off in the long run.
Modernize Interior Design
While classic design elements can have their own charm, modernizing certain aspects of interior design can go a long way toward adding value to an older traditional house. Adding neutral colors and updated fixtures like light switches and ceiling fans can help make the house feel fresh and new without breaking the bank.
Also, consider investing in smart technology like lights with voice control or automated thermostats. Not only will this add convenience for you or future buyers, but it will also increase the home’s perceived value even further.
Furthermore, make sure to replace any old carpets, flooring, and countertops with updated versions. This will add value to the property and make it more appealing to potential buyers.
Upgrade Exterior Curb Appeal
The exterior of a traditional home should be inviting and welcoming; potential buyers want to feel like they could picture themselves living there right away. Investing in curb appeal projects such as landscaping, painting or staining exterior surfaces (including decks!), pressure washing driveways, and updating outdoor lighting can all help increase the aesthetic appeal—and thus the overall value—of an older traditional house.
For starters, make sure to keep your yard neat and tidy. Overgrown plants can make the house look neglected and uncared for, so make sure to trim any shrubs or trees too close to the windows or roof. You should also invest in a quality mower and trimmer for regular maintenance.
In addition, consider using bright, vibrant colors to make the house stand out. A brightly painted door or façade can go a long way toward making the house look more inviting, and it won’t cost you much money either!
Convert The Loft
Finally, efficient loft conversions are a great way to add more living space without taking up too much of the existing floor plan. This can be especially beneficial if you’re looking to rent out a portion of the property.
Make sure that the project is done by a professional specializing in creative loft conversions and understands what it takes to make the space efficient and appealing. This way, you’ll get the most value out of your investment while also increasing the property’s overall value.
Moreover, you can also consider converting the loft into a home office or guest bedroom. This will make it easier to accommodate visitors or rent out additional rooms if you decide to do so.
Add Outdoor Living Space
Outdoor living space is becoming increasingly popular with potential buyers. The extra room outside for entertaining or relaxing makes any house more desirable.
Consider expanding existing patios or decks with additional seating areas or even adding an outdoor kitchen space if the budget allows. These features will certainly add extra appeal (and therefore increased value) to any older traditional home.
Additionally, adding a garden or even building a pond can give the house a unique character that buyers are sure to appreciate.
Update Kitchen & Bathrooms
Finally, one of the quickest ways to boost the resale value of an older traditional house is by updating its kitchen and bathrooms. Replacing countertops, cabinets, faucets, sinks, and basins can help give these rooms a much-needed facelift while still staying within budget.
Just remember that when it comes time for reselling your property — kitchens and bathrooms tend to be deal makers or breakers for most buyers, so don’t skimp on quality here! For example, replacing old kitchen appliances with energy-efficient models can help reduce your bills while also increasing the home’s overall value.
Also, make sure to choose bathroom tiles, fixtures, and fittings that are both functional and aesthetically pleasing.
Adding value to an older traditional house doesn’t have to be expensive or time-consuming — there are plenty of simple ways you can make improvements without draining your wallet! From energy efficiency upgrades through modernizing interior design elements all the way down to updating kitchens and bathrooms, you can increase functionality and aesthetic appeal without breaking your budget (or taking too much time).