Easy Ways to Increase the Value of your Home
Over the years, many polls have shown that a fair majority of Americans homeowners believe that the value of their homes will continue to rise over the next decade. While some real estate savvy investors may consider that to be wildly optimistic, there are numerous factors that go into determining what a home is worth. Factors like population, location, and ease of public transportation may be out of a homeowner’s control, but they do factor into the price of a home.
Since for most Americans, their home is the biggest asset, it’s essential to take good care of it. The good news is, that with a professional home remodeling service and the latest designs, it is possible to improve your asset’s value.
Below we will look at a couple of other items you can do to increase a home’s value.
Ensure the Home is Low Maintenance
People looking to buy a home often worry about the constant need to replace stuff, i.e., ongoing maintenance. You can set their minds at ease before putting your home on the market by replacing most, if not all, these items. Things like the water heater, furnace, and the roof are major replacements but will ease a potential buyer’s fears of having to deal with issues associated with these common painful points.
Also, improvements that will make parts of the home easy to clean increase its value. For instance, if you have a carpet that’s easily stained, then replace it with wood tile look planks, vinyl flooring, hardwood flooring or something similar.
Make the Home More Attractive
Nobody wants to buy an ugly looking home, but those that do (mainly investors and flippers)will probably make it look pretty to flip it for a higher price. Curb appeal matters. How your home looks at first glace matters to potential buyers, and it helps create that crucial first impression. If that impression is good, your home will sell to somewhere near your asking price.
Your home’s existing landscape should be well maintained. Once your exterior looks good, the next thing to focus on is the kitchen and bathroom. If required, hire a kitchen and bathroom remodeling service to update or refresh the spaces for you. Statics show that an outdated kitchen and bathroom can prevent the home from being able to reach its maximum value.
Numerous figures show that minor kitchen remodeling helps to recoup 81% of its cost on average, as opposed to an upscale kitchen remodel, which can recoup 53%.
A mid-range remodel for your bathrooms, i.e. new flooring, updated fixtures will deliver up to a 70% percent return on investment. An upscale remodel with heated flooring, designer fixtures, and custom cabinets will see a 56% ROI on average.
Increase its Square Footage
Most people may not know this, but the square footage has a significant impact on the value of their homes. Price per square foot is often the price quoted, so if you have more of it, you get more money.
One way to make the home bigger is to add a room and create additional living spaces like a deck or adding or finishing a basement. All of this can easily be accomplished by competent home remodeling services.
Final Word
Before you even contact a home remodeling services, make sure that you know exactly what you want, and have a realistic budget in mind. Having a budget will help to get the most bang for your buck, whether you do the remodeling yourself or hire a professional service.
