What Can You Do to Increase Your Homes Market Value?
The real estate market is as alive as ever, which means that if you want to sell your home easily and for a good price, you need to make an effort. Lots of people wonder what improvements they can make to increase the value of their home. Quite often folks will ask for some of the best low cost improvements that won’t break the bank.
It’s not just about building a pool in the backyard or repainting the walls – there are many less typical things that can improve the value of your home – and they are often overlooked. So, if you’re thinking of selling your home, or if you just want to improve its value for one reason or another, here are six remodeling hacks that should do the trick.
This might come as a surprise, but your front door is actually one of the things that are most likely to bring you a good ROI. Regardless of what kind of front door you have at the moment, you should definitely opt for steel entry doors. They have a very sleek and modern appearance, and needless to say, they can boost your property’s safety aspect too. They are also more resilient, as they cannot rot, and the signs of wear and tear are always much smaller and less visible. So, it’s not hard to see why they are a great choice for boosting your home’s appearance and value.
2. Improve your home’s energy efficiency
When boosting the value of their property, most homeowners tend to focus solely on the appearance. However, improving your home’s energy efficiency could make a much bigger difference than you might think. Insulation, LED lights, water-saving fixtures, and quality appliances that don’t waste energy all play a role.
After all, considering the consequences of global warming that we are already experiencing, more and more people are deciding to go green in their home. Therefore, making your home more Eco-Friendly is guaranteed to attract people who’d be willing to pay a bit more in order to do their part in the preservation of the environment. You can save money, energy and help save in the environment all in one swoop.
A large percentage of buyers welcome purchasing a home where the owner has made substantial energy saving improvements.
3. Boost your curb appeal
First impressions matter, and in the world of real estate, people will judge a book by its cover. This is why you should never neglect your exterior. There are many different ways in which you can improve your curb appeal, from simply maintaining your lawn to power washing your walls and doors.
Even the smaller details, like your mailbox and window frames, do matter if you want to impress potential clients. Therefore, invest in improving your exterior, and people will be more likely to want to see the interior too.
4. Remodel your bathroom
The bathroom is the room that we inevitably have to visit every day, so investing a bit more in it is guaranteed to make an impact. Besides the above-mentioned water-saving fixtures, you can also opt for a bit more modern fixtures in general. For example, choosing one of the elegant designer baths is bound to draw attention. Match it with a toilet and sink in a similar style, and your bathroom would look like it came from an interior design magazine.
5. Update your kitchen
You can’t talk about remodeling without mentioning the kitchen. The heart of the home is often the home’s focal point, so do pay attention to every detail in it. After all, a potential buyer might tolerate an outdated bathroom if they are satisfied with every other room, but not many buyers would tolerate an outdated kitchen no matter how great other rooms look.
So, focus on colors, textures, and materials. When it comes to appliances, you don’t need to break the bank, but they should be energy-efficient. Finally, don’t neglect the smaller things, like cabinet hardware and door handles. Kitchens and baths are two of the areas in a home that will make or break your property sale. These are the type of improvements that really help sell a home.
6. Make it bigger
If you want to increase the value of your home, one of the more expensive ways to do that is by actually increasing your square footage. So, if you’re up for a bit bigger investment, actually making your home bigger – or making more rooms “livable” – could pay off.
Therefore, if you have a big backyard, consider building a nice patio or an outdoor kitchen. Or, if you have a basement, attic, or both, and you used to use them for storage, consider transforming them into something a bit more practical. For example, a home office would be a great choice. Or, you can turn your basement into an extra bathroom, which would be perfect for bigger families. In short, make use of every inch you have, and rest assured that adding more practical space would pay off.
Last but not least, take into consideration the real estate market of the country you live in. The upgrades you make are supposed to be neutral in a way that would appeal to the majority of potential local buyers. After all, in order for your remodeling to add value, the buyers have to actually like what you did. So, keep your target audience in mind, pay attention to their needs, and your property will be sold in no time.
There are always improvements that you can make to your home that will not only increase the value of your home but make it sell quicker. It is important to note, however, that not every improvement you make to your property will offer an excellent return on investment. It is essential to speak with a local real estate professional before you decide to make improvements to your home.
When you are selling there are things that make sense and others that don’t. Lots of homeowners make the mistake of over improving. You always want to get at least as much value as to what you put in.
About the author: The above article on 6 remodeling hacks for an instant market boost was written by Chloe Taylor. Chloe is a graduated journalist from Adelaide and a regular contributor to Smooth Decorator. She loves everything related to decor, aesthetic and lifestyle topics. She is also passionate about photography.
Her biggest dream is to travel the whole world and take some stunning photographs of beautiful places. Besides all this, she enjoys drinking coffee and reading a fascinating book from time to time.