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Top Ways to Increase the Value of Your House

Top Ways to Increase the Value of Your House

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There is no way to accurately predict an exact home’s appreciation rate since it is subject to constant change, such as a change in buyers, a change in available homes, and a change in inflation. Moreover, you never know whether you’ll be in a position to sell your home on a hot market.
You can increase the value of your home by making home improvements, regardless of whether you plan to renovate or sell. There are a few things you can do to ensure the best possible results if you’re trying to sell your home or make some much-needed improvements. Easy home improvements, like updating appliances or upgrading your garden, can make your house more valuable and desirable. Let’s talk about some of these home improvements.

Focus On The Roof

A recent study declared that replacing worn-out areas of a house’s roof provided an impressive 63% return on investment. The logic behind this is simple: if a buyer thinks they might need to spend extra money to repair a leak, replace the entire roof, or change to commercial roofing systems, it will drastically drop the price they are willing to pay. Therefore, repairing a small area of the tiling, as opposed to changing the whole roof, is a relatively cost-effective means to increase your home’s value.

Clean And Declutter

Using this method, you can immediately increase the value of your home. For example, thorough cleaning and decluttering can increase the value of your home by thousands of dollars, on average. So whether or not you plan to move, if your home is clean and pristine, you might still find that organizing and clearing out the clutter can improve your quality of life.
Cleaning and decluttering are relatively inexpensive tasks, but they are still very time-consuming and tedious. Begin by sorting through closets and cabinets and creating a donation pile. Ensure that you’re not holding onto items you don’t need or want in drawers and other storage areas of your home.

A Splash Of Fresh Paint

A brand-new coat of paint can do wonders, regardless of whether you are painting your home inside or outside. You can make even dated interiors and exteriors look unique with just a coat of paint, and it isn’t that expensive, either. If you have a room painted in an odd color palette, you should repaint it. For example, did you allow your then-9-year-old daughter to paint the walls of her bedroom hot pink a couple of years ago? If yes, that’s a great place to start repainting. To change the paint in your home, you can expect to spend between $2-$6 for every square foot covered.

Lights, Fixtures, And Sockets

If you want to showcase your house to its full potential, it needs to look as good as possible. So be sure to open the curtains and blinds, clean all of the windows and take steps to improve the lighting in the property. For example, you should turn on ambient lighting for evening viewings to create a warm atmosphere. Also, consider using LED lighting for power saving.
Today, we also have many gadgets at our disposal, like tablets, laptops, and game consoles. All of them need a power source. So be sure that you provide a sufficient number of outlets in a location where they don’t look untidy. Wireless chargers and retractable sockets can even be concealed inside cabinets and worktops, allowing you to provide extra power and flexibility without appearing unprofessional. In addition to wireless charging, USB ports in power outlets score extra points.

Remodel The Kitchen

Many buyers pay close attention to the kitchen as the central area of a home, so if your kitchen feels outdated, it can negatively affect how much you make from a sale. If updating your entire kitchen is a herculean undertaking, a minor and quick remodel could still have a significant impact on your home’s value — consider coordinating appliances and new modern hardware installations on your cabinets. Paint all the cupboards, purchase new cupboard handles and renovate the work surfaces to give your kitchen a unique feeling of life.

Work On The Doors And Windows

There’s no use in having a nicely remodeled exterior if your front door or window shutters look a mess. This is quite an easy fix. You can quickly get away by simply giving the doorknob or letterbox a neat polish, buying new stainless steel door numbers, or a nice, new knocker. Plus, there are a plethora of paints at your disposal. You can decide to paint the doors and shutter with whatever color you think works best. Also, ensure you go through each room and see if there are any visible defects on the doors and windows, whether it’s missing knobs, creaking doors, or broken windows. Each one will ruin the attractiveness of your home, so carefully go through and fix all of them.

Create More Space

A larger home usually sells for more money. The solution is pretty straightforward and obvious. To accomplish this, you can either tear down walls or add more rooms. In general, buyers tend to pay more attention to how much usable square footage they have than the number of rooms in a house (except for bedrooms). Therefore, you may want to consider knocking down a wall if you wish to create a bright, open-concept space. Thus, you would have one impressive room instead of two equally underwhelming ones. Nonetheless, adding an extra bedroom or remodeling the kitchen into a functional and spacious kitchen-dining area is highly likely to increase your asking price. Take a moment to look around. What area of your house would benefit from having another bathroom?

Add Technology

This one will appeal to tech geeks. Smart home gadgets are attracting more people to purchase homes. One survey found that homebuyers wanted pre-installed intelligent home products if they were to buy a house. Here are some gadgets to consider:

  • Smart thermostats
  • Smart fire detectors
  • Smart carbon monoxide detectors
  • Smart camera
  • Smart lock
  • Smart lighting system

Not only does intelligent technology increase value, but it also enhances your home’s aesthetics.
Now that you know the best ways to increase home value, you’re ready to make home improvement decisions. You should seek the advice of professional real estate agents in your area if you wish to have even greater confidence in getting the best price for your home when you are ready to sell.

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