Many homeowners believe that the value of their real estate property will rise as the years go by. While that commonly occurs on its own in many real estate markets. Many factors influence the value of your property, such as the location and favorable market conditions.
While such factors remain out of your control, there are many things that you can do to boost the worth of your property. In this article, we’ll discuss the eight ways how to increase your property value.
Add Square Footage
Adding or freeing up some space in your property can have a significant impact on its value. Many appraisers and home buyers consider the price per square foot when comparing houses with similar upgrades and styles.
Taking this to mind, you can drive up the value of your property. You can have an additional living space to make it look bigger. You can add a deck, basement, garage, or room that will help add to the overall square footage. These additions can have a big impact in price when it comes time to sell your property.
Create Curb Appeal
You should always ensure that your landscaping is well-maintained as it’s one of the things that attract buyers. Get rid of the weeds invading your garden, and you should see to it that the plants and shrubs in it are in good condition and pruned regularly.
You can add potted and hanging plants to the entrance. It’s also great to have a smart watering system or add some paving to the entryway.
Make it Low Maintenance
If you’re planning to sell your property, always put yourself in the shoes of the buyers. For sure, you don’t want to buy a property that is high maintenance because that will undoubtedly cost you money.
So, it’s crucial to replace your old roof, furnace, wood siding, carpet, and water heater with new ones that are easy to maintain. Making sure that your home won’t need constant maintenance is one of the ways to increase its value.
Make It More Sustainable
An energy-efficient home is attractive to many buyers. So, it’s a wise decision to add some features to your home that can significantly reduce electricity or water consumption. It’s time for you to use LED lights or energy-efficient appliances for that purpose.
You can also consider installing enhanced attic insulation or double-paned windows to avoid waste of energy. And, if you want to cut down your electricity bills, you can install a solar panel to your property.
Install Some Smart Security Features
Adding some smart gadgets to enhance safety and security in your home can increase your home’s worth. You can add devices, such as smart lighting, fire detectors, CCTVs, door locks, or thermostats. Techie home buyers will surely get interested in buying your property if you have those smart security gadgets.
Paint It Up
Homebuyers often look for a fresh-looking and fragrant home. That’s why if you want to boost the value of your house, don’t forget to add a fresh coat of paint to it.
You should use eco-friendly paints that not only make your property look new, but also improve its air quality. When it comes to choosing a fresh coat of paint, make sure to opt for neutral colors.
Enhance Your Kitchen Area
The kitchen area is one of the first rooms that home buyers look at during property showing. Buyers, especially first timers, want an attractive, modern kitchen. That’s why enhancing your kitchen area must be on your priority list when doing a home renovation.
You can put on some fresh coat of paint to the walls and kitchen cabinets to make your kitchen more attractive. You can also replace old countertops with quartz countertops or flooring with tiles. It’s also advisable to have smart appliances to make the work more manageable around the kitchen.
Update the Bathroom
Like your kitchen, you need to update your bathroom to boost the value of your property. You should ensure that all of the utilities are in excellent working condition. Replace old bath cabinets, faucets, showerheads, water heater, toilet seat, lighting fixtures. It’s also an excellent idea to paint the bathroom walls.
Now you know the various ways to drive up the value of your property. If you’re planning to sell your home, you must follow the things mentioned above to make a considerable profit out of the home sale.