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7 Expert Tips to Efficiently Boost Your House Value
7 Oct 2019
7 Expert Tips to Efficiently Boost Your Home Value
When it comes to selling your home, you obviously would want it to sell at a higher value. And while you may want to sell your home at a high value, there are particular home renovations that you ought to undertake to achieve a favorable price. The following home renovations ideas may help you add some value to your home.
- Start with the Essentials
Basic home essentials such as the water heater, electric panel, furnace, etc. play a crucial role in determining the value of a property. You, therefore, must ensure that your home essentials are functioning and up to date.
Most homebuyers would want to hire a home inspector to give a report of the house, including the essentials. If for instance, the report indicates that the furnace and the electric panel are outdated, the buyer would obviously want to bargain the price of the house to even a much lower market value. Therefore, it’s best that you ensure the home essentials are updated before listing the house.
- Improve the Curb Appeal and the General Landscape
The curb appeal is a vital consideration when determining the market price of your home. In fact, the first impression of your home to a potential buyer is mostly determined by the exterior appearance. Since a good first impression of a home adds up to five percent to its value, you would want to improve the curb appeal.
Start by repainting or replacing the front door, paint the window shutters, the siding as well as the trim. Also, trim the hedges, ensure the lawn is watered and mowed, clean the gutters and plant beautiful flowers in the front yard. You may also want to ensure that the driveway is adequately paved and the exterior paint is well done all in an attempt to enhance the value of your property.
- Allow More Light in the House
A dark and crumped house is definitely a turn off to most buyers. Therefore, it’s best that you allow more natural light in the house to enhance the appeal and consequently, the value of your home. Also, it’s crucial to create more space to blend in perfectly with the natural light.
Do this by getting rid of some walls to brighten up space. You can also work with vaulted ceilings to create an illusion of more space if knocking down the walls seems costly. Potential buyers love a well-lit spacious house, and therefore it’s best that achieve this as a bargaining point to ensure your home sells at a higher value.
- Renovate the Kitchen
Kitchen remodels can indeed increase the value of your home to even sell at a much higher price compared to the prevailing market price. Open-plan kitchens have become popular and are mostly preferred by potential buyers, and you easily can implement it. Additionally, you can update your kitchen by installing granite and marble counter tops or new equipment to woo enthusiastic potential buyers. Nonetheless, when considering a kitchen remodel, it’s vital to consider the cost of your materials versus the value it adds to your home. You also don’t want to go at a loss.
- Renovate and Add the Number of Bathrooms
Insufficient and obsolete bathrooms in a house greatly discourages potential buyers. Updating bathroom facilities and fixtures or adding additional bathrooms if possible, can significantly enhance a home’s sale appeal, ensuring it sells at a high value.
- Create Parking Space
If your home is located in a neighborhood with little parking space, you can improve its value by creating a private parking space. Most potential buyers would undoubtedly prefer a home with secure, private parking, and you can use this trend as a sale point in marketing your house high price. If you have a front garden, you can transform it into a parking space and enhance your home’s value.
- Basement Ideas
The basement offers you a suitable means of increasing your home’s worth, especially if it has limited space. You can convert the basement to become a bar, home office, media room, or even a playroom, in turn, increases the value of your home.
While your home’s location plays a substantial role in determining its market value, there are particular things you can do to increase its value as well. In essence, it’s all about creating an appeal to the buyer to command a higher price bargain. Find more tips on how to boost your house value at https://www.thepattisallgroup.com/sea-pines/
Shiver House, Korppoo, Finland
image courtesy of architects practice
Shiver House in Korppoo
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