The market value of your home is bound to increase in this coming next year. This is both by factors you can control and ones you cannot. The home’s value is determined mostly by location and the popularity of the market.
For most people, a house is one of the biggest purchases and assets they possess. Thus, taking care of a home is a top priority. One way you can do this is by increasing your home value over time. You may never know whether it could turn out to be a good investment.
A lot of people think that increasing their home value is a tough task. But it is actually something that can be done rather easily.
Here are a few tips which you can be used to help increase your home’s value.
- Plan you’re remodeling
A plan goes a long way in whatever you decide to endeavour in. The fastest way to increase your home value is by making a plan. You will find that it is best to remodel with a structured plan, rather than doing it at a whim.
Every year, almost 59% of homeowners plan to remodel. 20% of these homeowners will budget between $10,000-$40,000, while 15% tend to use more. Although some of the money will go into improving the house, most of the money will go back into the house through increased value.
When you are planning, be organized to avoid rushing into things. This means listing the changes that are needed. If you are looking to sell your home, it is best to plan with your realtor about the areas that need remodelling.
Once you have made your plan, you can go ahead and talk to a realtor to determine what kind of return you will get.
- Handle one room at a time
Once you have a plan, it is easier for you to achieve your goals. But things need to be done systematically. This means that if you are looking to knock down or paint a wall, then you should do it one wall at a time.
Handling one room at a time makes it’s easier to determine how much each room will cost. Moreover, you can choose to remodel a room depending on your commitment and timeframe.
By doing this, you have the opportunity to see your dreams take shape.
- Upgrade the kitchen and the bathroom
If you ask any realtor, the bathroom and the kitchen are the most impactful areas of any home. The kitchen especially will give you the biggest return. Here is how you can work therein.
- Change the paint by adding a splash of colour
- Add some tiles or vinyl
- Go stainless steel with your appliances
- Add a rollers island
- Replace old cabinets
- Add a moral light
For your bathroom, it might be a workhouse, but you can do simple remodelling without having to break the bank. Here are a few tips on how you may do so.
- Use granite on your countertops
- Focus on faucets
- Improve the lighting
- Install a good shower
- Keep it clean
- Make it more attractive
Your house’s first impression will determine whether a buyer will walk through the front door or not. You’re exterior should look good. You might consider planting flowers in the front yard and enhancing it with lanterns. You can also decide to repaint your front door with a colour like red (which is almost always more attractive to a buyer). Or hiring a roofers if your shingles are a little outdated.The little things add up.
One way to ascertain whether your home is attractive is by taking a digital black and white photo. When there is no colour, you can see whether your home is actually attractive.
Cleaning your home should also be a priority, because it will then obviously be more attractive. It means that you should not let junk clutter around or dust accumulate. If the house is not properly checked or maintained, it may cause health issues.
Looking to sell your house for more? These tips are sure to help!