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5 ways to increase your home’s equity

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5 ways to increase your home’s equity

Like most home owners, you may be thinking about doing some home improvement projects to update your home and make it more attractive to potential buyers.

Unfortunately, the improvements you do to keep your house in working order (such as fixing the plumbing or the roof) won’t add much value. Instead you need to look at making your home look more modern, and adding functionality and space.

Here are five projects that can do just that.

Increase your house’s curb appeal

First impressions make a big difference, and the outside of your house is the first thing a potential buyer will see. So start by doing some basic landscaping: mow the lawn, and cut back any growth that’s messy or unappealing. Then plant some evergreen bushes and lay a path to the front door. You could even paint your front door in a complementary colour.

And don’t forget to sweep and/or clean the driveway and front porch so they’re nice and clean.

Update the kitchen

The kitchen is the heart of the home, and can be a real deal breaker for a lot of home buyers. The good news is you can give your kitchen a fresh, modern look without having to completely renovate it.

For example, instead of replacing the cupboards you could just give them a fresh coat of paint. You could replace the laminate on the floor, or simply give it a deep cleaning. And you can often get all of your kitchen appliances to match by replacing the panelling. Some refrigerator panels even have reversible colours, so check first before buying a new panel.

Add extra living space

You can make your home appear to have more living space in a number of ways. Cleaning up the rumpus room and adding a wardrobe can bump up your listing from a two-bedroom home to a three-bedroom home.

You can also de-clutter the garage and turn it into a project area for someone to tackle their next woodworking project.

If neither of these options is available to you, try putting furniture on a patio area or deck to create an outdoor living space.

Replace light fixtures and hardware

Those giant fluorescent bulbs may give off plenty of light, but they age your house and distract from the other features of the room. Replace them with some attractive but inexpensive feature lights, and light up any dark corners with lamps or wall sconces.

Replace any brass doorknobs with modern ones, and add a strong and sturdy lock to the front door. It will improve not only your home’s look, but also its security.

Add some fresh paint

Start by tearing down that old wallpaper and patching any holes. Then add a fresh coat of paint in a neutral colour, preferably an off-white or other eggshell colour. Accent colours may be fun, but people’s preferences tend to vary, and it’s easier to imagine yourself in a room with neutral colours than a colour you don’t like.

And if you do use more than one colour, make sure they all correlate and flow throughout the