10 WAYS TO INCREASE THE VALUE OF YOUR HOME.
Whether you want to sell or rent your property, having a high property value is one thing you want to achieve. You might think that you should go big with the improvements - such as knocking down walls, installing a pool, building a whole new room, or renovating the whole house. While it sounds appealing, you might not get back the money you spent on it when you finally sell your home. But how do you increase your home’s value without breaking the bank? Read on to find out.
Make sure that your home is safe and sound.
- Have an inspector check your home’s roof and foundations.
Your home’s structural integrity is the most important factor. Buyers evidently want the property they buy to be safe and last for a long time. It may not be evident at first sight, but if the property’s roof and structure aren’t sound, it might break the sale. This will cost a lot more money and effort. Make sure to have a professional inspect your home before you even put it in the market so that you can repair any flaws.
Because first impressions last.
- Clean, repair, and paint the exterior.
The first thing the buyer will see is your home’s exterior, so you should make sure that it looks the best it can be. If the property looks old or dilapidated, the buyer might not even want to get in. So freshen it up with a wash and a coat of paint. Aside from that, take this time to check for visible signs of damage. You might need to replace weathered panels or fill brick walls’ gaps with fresh mortar. Repair the fence or your entryway if they’re all banged up.
- Liven up your yard.
The yard will show buyers how the seller takes care of the property without getting inside. If the yard has rubbish or dead plants, what more turn-offs will they see inside? Get your green thumb going and plant low maintenance plants, mow the lawn, and sweep off any rubbish there. If you don’t have a green thumb, you can always enlist the help of a professional landscaper. Invest in some yard lighting as this will create a modern look for your yard. This will also be more appealing to buyers, especially since most of them only have time to check homes at night after work.
The buyer should be able to imagine themselves living in your property.
Be clean, neat, and organised.
Deep clean every corner of the property, even under furniture or behind the refrigerator or the stove. Pull a Marie Kondo and remove anything that won’t spark joy on buyers. That includes personal knickknacks, pictures, and clutter. Also, take this time to note which spots of the house need repair or replacement. After cleaning, get to work in repairing or replacing those.
- Add more storage.
Add more storage in your home. Majority of buyers will look for this. Install hooks at the back of the doors. Add open shelves in the bathroom, kitchen, or laundry area. If you can, add more drawers and shelves in the bedrooms.
Let the light in.
Upgrade your home’s lighting.
- Replace old-fashioned lighting. Use LED bulbs and downlights. Install recessed lighting in your kitchen and bathroom. Invest in dimmer switches to add a luxurious vibe to your property.
- Replace doors and windows. Old-fashioned doors and windows not only look drab but also costs you more on your electric bills.
- Play up the natural light. Install new windows and skylights to bring more natural light to your home and add a lot of wow factor, as it will be aesthetically pleasing and environmentally conscious.
Freshen up the floor you trod on.
Buyers look for stylish and clean flooring in a house. So if you have old musty carpeting, it’s high time you replace it. Here are some options for you:
- Hardwood. They’re always popular and very easy to maintain.
- Carpet. A high-quality carpet creates a warm atmosphere in your home.
- Tiles. There are various options and is ideal for kitchens. Installing heated tiles also adds a wow factor
A functional kitchen is a must.
The kitchen is the heart of a home, so it is important that it’s modern and functional. You don’t need fancy benchtops or industrial grade appliances - these will just turn buyers off as they will assume the property is more expensive because of them. All you need to do is to make sure all appliances are in good condition and replace dated taps, cupboard doors and handles, and benchtops.
Update the bathroom’s features.
Like with the kitchen, you can go overboard with bathroom upgrades if you don’t get a hold of yourself. This can also just make you spend more money but not get any of it back once the sale goes through. You don’t need fancy multiple-head showers and jacuzzi, just some essential repair and facelift.
Here is a checklist:
- Clean out the exhaust fan.
- Repair chipped tile.
- Repaint walls.
- Replace tile grout.
- Replace sink and taps.
- Replace lighting fixtures.
- Add more storage such as drawers under the sink or add a cabinet.
Staging is important.
Staging your property will put it in the best light possible. It will highlight your home’s best features and show your buyers what they can do in the property. This can be a little more costly than the other ways, but it will be worth it.
Hope that these tips helped you! If you need more advice or help in selling your home, you can always ask us! Just drop a message on our social media.
CHAMPIONS IN REAL ESTATE