Are you looking to add some equity to your property? There are a number of different ways you can do this, here are my top picks:

Reconfigure (if it is financially feasible): The beautiful thing about most homes is that oftentimes the lay-out can be played with, especially if you’re buying a fixer upper. Even if you’re not, there’s almost always a way to add or remove walls, alter living spaces, and change the entire vibe of a room using creative inspiration. Though this inspiration is not necessarily the most important piece of the puzzle, as you want to make sure you’re not making changes that can compromise the structural integrity of your home or jeopardize the safety of the people living in it. Always consult with a licensed contractor or even structural engineer, and make sure to have all proper permitting for such projects. 

Take advantage of large sheds or garage spaces, turn them to accessory dwelling units! If you have a detached space from your home, you may consider adding value by turning it into a livable space. Again with the right people and right documentation, this is definitely a project that could have a big pay out. 

Make your home more energy efficient. It may surprise many people that added energy efficiency actually increases the value of a home. It doesn’t always have to break the bank either. There are many programs out there such as Mass-Save that will help pay for some of the costs to make your home more energy efficient. These can be done through projects such as adding insulation where it’s needed, sealing gaps that allow air in, servicing HVAC systems, and more. It is certainly worth looking into, as it could significantly lower some utility bills. 

There are many ways to approach adding value to your home, it’s all about what you’re willing to spend and what works best for your situation. If you’re unsure, always consult with a professional. Thanks for reading!