4 Upgrades to Improve the Value of Your Home
- Written by NewsServices.com
Are you planning to sell your home? If yes, you want to get the highest possible price for the property.
And yes, the size and location will determine how much your home is worth. However, there are some things you can do to increase the property value.
These include:
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A New Paint Job
A new coat of paint is an easier and cost-effective method of refreshing the look of your home. Even better, you can decide whether to paint the whole house, some rooms or even the feature wall.
However, you must be careful about the type of color you choose to paint your house. Well, if possible opt for neutral colors which are easier for the buyer to customize.
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Remodel Your Kitchen
Depending on your finances, you can either undertake a complete or a partial kitchen renovation. A complete kitchen remodel is popular but very expensive.
Would-be sellers who are short on finances can make cosmetic changes to their kitchens. Some of these would include replacing the countertops. When doing this, choose something that feels and looks clean. Metallic colors and granite are ideal for this exercise.
And yes, you can combine the new countertops with freshly painted cabinets for greater results.
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Make It Low-Maintenance
If you were to buy a home, would you go for one in need of urgent repairs or one that doesn’t need constant repairs? I bet you’ll go for the one that needs close to zero repairs. The same happens to your would-be potential home buyers.
Therefore, make sure you offer this type of home to the market. But how do you do this? You can do this by replacing a major home component before a sale. For instance, installing a new roof, water heater, or furnace may calm the fears of future emergency repairs thus fetching you a favorable price in the market.
Home improvements that make it easier to clean and maintain your home also improve property value. Consider changing the hardwood floors, stained carpets, or high-maintenance wood siding with vinyl ones.
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Make Your Home More Energy-Efficient
Energy conservation has a huge impact on property value. This is so in areas experiencing extreme weather conditions like cold or heat.
As a seller, consider installing double-pane windows, LED lighting, enhanced attic insulation, and efficient appliances to increase the property value. If willing, you can go bigger and install solar panels on the roof. According to realtors, solar panels increase the perceived property value. And since solar panels are a big structural and financial commitment, they’ll only make sense if you’re hoping to build value in the long-term and not looking for a quick boost on the property resale value.
Conclusion
As a homeowner, there are several ways to boost property value. These may include undertaking sizeable home upgrades. In all these projects, don’t hesitate to engage the services of a competent professional. Yes, a DIY project will save on cost but if done incorrectly, it may turn out to be an expensive affair.
