Raising The Value Of Your Home With Renovations
Raising The Value Of Your Home With Renovations. There are so many reasons for selling your home. Whether it’s to unlock capital for another home or you need to raise some of the equity in your home to cushion against adverse financial conditions or you’re starting a business.
Whatever your reasons are for wanting a sale, making sure that your home gets to put its best foot forward can potentially add thousands of dollars to its resale value, and it doesn’t have to cost an arm and a leg either. Here are 3 great ways to improve the value of your home.
THE EXTERIOR
It should go without saying, but just in case we’ll say it again. First impressions count. They count for humans and they count for your home too. Research from Princeton University reveals that potential buyers have made the initial decision whether to purchase or not within a tenth of a second. Furthermore, 87% of buyers said that they relied on photographs when house hunting. So following that logic, paint, paint, and then paint some more. This is one area where you can stand to spend a bit more so even if you can’t afford a professional painter, invest in some decent paint and then do the job yourself. Also consider the state of your garden, swimming pool, pathways, and paving. If you have broken patio furniture or untidy flowerbeds then get them repaired. There’s a popular saying in England: “An Englishman’s home is his castle”. Consider that when thinking of what you’re planning on doing to your castle.
INTERIOR
Conduct an audit of each room and living space in the interior of your home. Make a solid list of what needs repairing, replacing, or touching up. Work through this list until each job is complete and while this may take you a little longer than what you were aiming for, simple adjustments like replacing worn or dirty carpets with rugs or repositioning furniture to hide spills or wear show a sense of pride in your home. You don’t have to be a billionaire to create a harmonious and fresh living space and potential buyers will sense it.
NICE TO HAVES
If you live in areas where heat is an issue and your home doesn’t have air conditioning or other climate-controlling facilities, then this is an area you want to divert a decent amount of your resources to. Consider that if you’re looking for another home in the same area, how nice it would be to have air conditioning or cooling systems, especially since you know what it’s like to not have it. Then think about what’s going on inside the mind of potential buyers. So, think about finding a service that offers heating and cooling in my area, and you’ll be on your way.
Property remains one of the best ways to create wealth and a legacy and so it’s worth taking on improvement projects as you can afford them instead of then you have to afford them but always remember that if you’re not particularly skilled in remodeling or renovating work, some projects don’t “DIY” very well.