For most people, their home is their most valuable investment. Regardless of whether or not you plan to sell your home soon, you should always look at your home as an asset, not a liability. Essentially, this means that any money that you put into your home must be considered as an investment first. Will that money return to you in the form of increased home value or lowered monthly bills, or will it be an expenditure that adds no value to your home? Keep in mind that not all renovations and upgrades will increase the value of your home equally, and certain renovations may even detract from your home’s value or marketability.
To help you avoid any costly mistakes, and to get the most out of the money you invest in your home, we’ve put together a list of five of the best ways to increase home value. Some of these suggestions can be DIY’d on the cheap, while others may require the services of a contractor. Keep reading for five tried and true ways to increase your home’s value.