luxury patio furniture los angelesBeing a homeowner is very rewarding, but it also comes with extra responsibility. Your home is likely the biggest asset you own and you want to do everything you can to increase the value, or at least protect the value of your home. Even if you aren't planning on selling your home anytime soon, it's always a good idea to be proactive with home improvement.

Obviously you should keep your home well-maintained and make sure everything is in good condition, but that's only the bare minimum to protecting the value of your home. This post will shed light on three not-so-obvious tips for increasing home value.

1. Fresh Paint

A fresh coat of paint just might be the most cost-effective tool for increasing home value. Paint is affordable and you can do it yourself. The wall color can completely transform any room and create the exact vibe you're looking for.

Even if you have no desire to change the colors, you should still consider adding a new coat of paint every few years or so. Pets, active kids, dinner parties - all of these add odors to your home that are being absorbed into your walls and furniture. Carpets and furniture can easily be steamed, but walls rarely get the same attention. A fresh coat of paint eliminates old odors and creates that new-home smell that buyers crave.

2. Luxury Patio Furniture

We all know that curb appeal is important, but nowadays people prefer to spend more time in their backyard where they have more privacy. Luxury patio furniture makes any backyard irresistible and gives buyers a reason to fall in love with your house.

When a prospective buyer sees your beautiful backyard their mind will immediately start dreaming of how they plan to use that space. Here's the best part of all - many homeowners don't invest much into the comfort and aesthetics of their backyard. So while the rest of your home might not be significantly better than other homes in the same price range, a nice patio can be the bonus feature that seals the deal.

3. Energy Efficiency

Increasing the energy efficiency in your home adds value in two ways - it saves you money as the owner and it adds a major selling point for potential buyers. The less money you spend on your home as an owner, the greater return on investment you get when you eventually sell it. Educated home buyers are thinking the same thing. A home that costs less to maintain is more attractive than one with higher ongoing expenses.

The easiest place to start is by replacing all of your light bulbs with energy efficient bulbs. From there you can start upgrading appliances one-at-a-time. Everything from fridges to washing machines to toilets have dramatically improved with energy efficiency in the last five years or so. This can get pricey upfront, but the long-term savings are huge. Simply replacing old light bulbs alone can save hundreds in electricity costs per year.