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How to Appreciate your

Home Value.

What Is Home Appreciation?

Home appreciation is the rate at which a home’s value increases over time. When a home appreciates, its resale value increases, allowing homeowners to build equity and potentially earn a profit on their investment.

Home appreciation refers to the increase in the value of a home over time. It is one of the primary ways for homeowners to build wealth and establish financial security, so understanding what a home is worth now—and predicting what it could be worth later—is essential. Read on to discover how home appreciation works, what drives it up (or down), and how to make it work for you.

Factors that can influence home appreciation

If you are wondering how much homes appreciate per year, then several factors can influence the value of a home, both positively and negatively.

If you want to determine how a house may appreciate for investment purposes, you should also understand that none of these is a given. You may find none of them have a bearing depending on the property, while some may change the value massively.

Tips on Adding Value to your Property

Update your home’s finishes.
Upgrade to energy-efficient features and appliances.
Freshen up your curb appeal
Put your money into your kitchen and bathroom.
Finish off your basement or other unfinished spaces.
Clean and declutter before showing your home.

1. Update your home’s finishes

Superficial changes can make a bigger impact on buyers than more intensive renovations.

Some experts argue that a fresh coat of paint throughout your house can increase the home’s sale price by as much as 5 percent. Other simple upgrades, from replacing old light fixtures to changing out your front door, can also give your home a nice bump in value.

2. Upgrade to energy-efficient features and appliances.

Energy-efficient upgrades reduce your utilities bills while you own the home. When it comes time to sell, these upgrades will also offer more appeal to buyers, many of whom are interested in energy-efficient features to lower their own costs as a homeowner.

If your home currently features old appliances that guzzle energy and date your interiors, an upgrade—even if it’s installing modestly priced modern appliances—can help you net a higher sale price..

3. Freshen up your curb appeal.

Simple landscaping features such as new plants and fresh mulch can help your home make a great first impression.

These changes don’t cost much, and you can do many of them on your own. Both potential buyers and appraisers will be influenced by this visual impact.

4. Put your money into your kitchen and bathroom.

Kitchens and bathrooms are the rooms that sell homes. In many cases, a kitchen or bathroom remodel can offer a100 percent or greater return on your investment—and that number could be even higher depending on the finishes you choose, the amount of labor you’re willing to do yourself, and how much of an upgrade these changes offer over your home’s current condition.

If you have a renovation budget, kitchen and bathroom upgrades are the best way to increase the value of your home.

5. Finish off your basement or other unfinished spaces.

Finished square footage is an important calculation when determining your home’s fair market value.

Even if you don’t want to invest in a heavy-duty makeover, simple steps like putting up drywall and adding carpet to a room can turn unfinished space into a profitable addition to your home. This allows you to increase the value of your home by expanding the footprint of this finished space.