There is no more incredible asset than owning a home. It is a long-term investment that ensures high returns. However, when you list your house for sale a few years down the road, it is possible that you may not get the price you deserve. That is because of certain factors that influence your property value. Location and popularity might be beyond your control. However, certain aspects, such as regular house maintenance and necessary upgrades, are entirely within your control.
If the paint on your house’s exterior and interior is chipping, you should get it repainted. It is preferable to choose eco-friendly colors that do not attract dust and debris while repainting. If you suddenly receive high water bills, you must determine the cause, whether due to problems with your house or just billing errors. You can hire plumbing services and identify any faults. If there are any, they must be resolved as soon as possible. This ensures that you will not lose any prospects just because they are scared of hefty bills.
Similarly, you can take several practical measures to keep your property in good condition and increase its value. Costly upgrades appear unnecessary at the time, but they will help you get the best deal when you sell the house. Hence, you will eventually receive more than you spent.
Have Your Home Inspected
It is usually a good idea to have your house examined by a professional every few years. This helps in the early detection of potentially detrimental concerns such as mold growth, water seeping through cracks, and other issues affecting the home’s structure. Having them all fixed on time can save you a lot of money.
Increase the Square Footage
Increasing the surface area of your house is a tried-and-true strategy to improve its value. It would be best if you focus on both visually expanding the area and adding living space. There are numerous techniques to visually expand the spaces, like adding additional lighting, installing a massive mirror in each room, decluttering, and more. Similarly, you may expand functional space by adding a room, finishing an unfinished basement, creating an outdoor dining area, constructing a deck, building a patio, etc.
Make Your Home Energy-efficient
Home-buyers nowadays are more interested in energy-efficient homes than in traditional ones. Even if it means paying a higher price, this is because eco-homes are long-lasting and save money on utilities. It is also beneficial to the environment. Consider replacing standard lighting with LED lights, installing double-paned windows, purchasing energy-star certified appliances, and other measures to make your house more energy-efficient.
Also, if you can afford it, placing solar panels on your roof is a good idea. Sure, it’s pricey, but you’ll get a significant return on your investment. Solar panels, however, are recommended only if you are not seeking an immediate increase in house market value.
Improve the Curb Appeal
Improving the home’s front appeal is the surest way to land a significant resale bargain. Home-buyers are drawn to houses that are well-kept, tidy, clean, and appealing. Keep your landscape in good condition. Trim overgrown bushes, pluck leaves, repaint doors and windows, repaint the exterior walls, etc.
Make your house clean and tidy, light and airy, and update obsolete equipment, among other things, to improve its interior attractiveness. After all, you don’t want to lose a buyer just because they are disappointed with the look and feel of your house, do you?
Remodeling Your Home
Home remodeling increases the resale price of a house. Replace the flooring with hardwood for a luxurious look, correct the uneven ceiling, replace doors, add intelligent technologies such as CCTV for security, etc. Also, remodel your bathroom, kitchen, bedroom, and living areas so that they remain stylish indefinitely.
To upgrade the garage, you can:
- Add extra storage space to the garage, such as shelving
- Replace the doors and floors as well, to make them more appealing to buyers
You can also show the home-buyer how to effectively use the garage for storing seasonal items, hobbies, sporting equipment, and other items. This type of garage makeover is the most effective way to increase the value of your home.
Some of the solutions mentioned are costly, while others are not. You should start with the cheapest options first and then consider some of the more expensive options. But first, look at the houses in the area; if they are plain, don’t go overboard. Consider these upgrades to make your home stand out.