5 Popular Determinants of a Home's Value

The real estate market is a rather complex market that requires extensive knowledge and research to get into.

Creating successful investments in this market is even harder and requires quite a bit of work and dedication. Even homeowners that simply wish to sell their homes must become acquainted with the shifting whims of the real estate market to make a good sale.

There are many factors that determine the value of a home, but a few of them are crucial and relatively easy to adjust.

Here are some examples homeowners might want to consider:

1 - A garage door replacement boosts curb appeal

If you're wondering whether your garage door might need some improvement, you're on the right track for a good investment decision.

It's one of the most worthwhile investments you can make to help improve your home's resale value. It basically pays for itself, as the cost of a garage door overhaul or replacement is equal to the value you add to your home.

Let's not forget about the other benefits that come with the upgrade. A new garage door gives your home extra curb appeal, making it even more attractive to potential home buyers.

2 - Adding protection with a steel door

Most front doors will be made out of very familiar construction material: wood. There are various types of wood that homeowners choose from, and some of them are tougher than others. Plus, they look nice. However, they don't really compare to the security offered by a steel door. 

Replacing your current front door with a steel version would massively increase the security of your home, while also providing you with some shiny curb appeal.

It's not just an investment in security, either. It's considered a worthwhile addition to the home's value. Installing a steel door is well worth the investment.

To add to the curb appeal, you might want to opt for a steel frame that allows for decorative options and glass paneling. 

3 - Backyard wood decks remain popular additions

If you want to score some serious resale value, a backyard wood deck would be your best option.

Even though it's no small project, but it's a very worthwhile investment in your home and its value. Wood decks remain extremely popular additions that attract buyers like no other. Its charm is hard to match, as people want to be able to enjoy their backyards as much as possible.

Having a nice deck to enjoy is a great bonus for any homeowner. To make sure it becomes a long-lasting addition to your home, you'll want to pressure-treat and seal the wood to protect it from harsh weather. Add railings to keep it safer and give off the illusion of more space.

4 - Enclosing outdoor areas increases their utility

Speaking of backyard decks, there is extra potential in outdoor spaces that can be utilized for even better results. A big drawback of outdoor spaces like decks is that they aren't very useful during colder seasons.

Then again, many homeowners will close off the edges of their outdoor space to create an enclosed haven during cold weather. Installing outdoor blinds helps seal the space from the outside, and allows you to utilize the space during the autumn and winter.

Integrate it with an opening roof and you can switch up the covering during shifting weather. It's a great way to attract potential buyers while also adding a bit more space to your home.

5 - Kitchen remodels are worth the trouble

Room renovations and remodels can have an enormous impact on the value of a home. It is, after all, where most of the homeowner's time is spent. Kitchens are the key rooms that provide the most benefit for their remodel. Investing in kitchen renovations provides comfort and massive returns for any remodel.

Work on redoing the walls, while also updating the cabinetry and countertops. Practicality and aesthetics must go hand in hand in any kitchen remodel. 

Conclusion

One's home value is something every homeowner needs to pay attention to. With the introduction of a few smart changes, it's possible to increase the quality of life within a home, while also making it an even more attractive investment.

Consider some of the above examples and you'll find it a lot easier to sell your home for an attractive price down the road.