4 Best Ways to Add Value to your Home

01 January 1970

As 2023 begins, the real estate market is still going strong. Many of you might have already moved into new homes, and many of you must be planning to sell the current one. So, if you are considering selling your home, now is the time to consider what features and renovations will help you maximise the property value both in the long and short term.

All of us know that owning a home is not just an emotional experience. It is also a financial decision that can pay dividends as you build up equity in your home and see your property value increase over time.

The rate of this property value increase can depend on a number of different factors, including the location in which your house is situated, the local demand for the house, and even the economy's condition. But as a homeowner, you definitely have several options to increase the value of your house. For instance, you can easily increase your home's value by making some modifications and upgrades to your current house. These upgrades will definitely make your house look more appealing, and you can then get a higher price for it.

Whether you plan to sell your house in the future or you just want to grow the value of your investment, there are easy ways to increase the value of your house.

So, we have made a list of some strategies that will definitely help you increase the value of your home.

1. Update your home finishes

Renovations do not always have to be heavy. Just by superficially making some changes in the house, you can manage to leave a great impression on the buyers’ mind. Many real estate agents suggest that just by applying a fresh coat on the walls of your house can help you attract buyers. And painting the walls does not require you to actually spend a lot of money. Some experts are of the view that a fresh coat of paint applied all throughout the house can help increase the selling price of the house by 5 percent. You can even consider replacing the old light fixtures or maybe changing the look of the front door. All these will help you get a nice bump in the value of your house.

2. Upgrading to energy efficient features and appliances

Another great way to increase the value of your house is by replacing traditional appliances with energy-efficient ones. These energy-efficient appliances do not just help you cut down your utility bills while you own the place; they will also appeal to buyers who prefer energy-efficient appliances.

If your home currently features old appliances that guzzle energy and date your interiors, an upgrade, even if it is about installing modestly priced modern appliances, can help you get a higher sale price.

3. Investing into kitchen and bathroom

You need to understand that kitchens and bathrooms are the rooms that sell homes. There have been studies that have revealed that a little remodelling of the kitchen or bathroom can offer a 100 percent or greater return on your investment. This number can even go high if you end up choosing excellent finishes. If you have a renovation budget, then it is a great sign to remodel both your kitchen and bathroom. Once you get it done, nothing can stop you from getting a higher price for your home.

4. Clean and declutter before showing your home

When you are selling or getting an appraisal on your home, a little deep cleaning can go a long way. Remember to clean the dust in high places, wash your baseboards, give floors a good mop, and haul excess junk and clutter to a donation centre.

So, now that you're aware of the strategies you should use to increase the value of your home, don't sit back and wait for them to work

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