Value your home
WHETHER you’re planning to sell in the near future or you simply want to continue to grow the value of your home investment, there are many steps you can take to increase the value of your home.
Here are six proven strategies that can pay dividends when it finally comes time to sell.
Update your home’s finishes Superficial changes can make a bigger impact on buyers than more intensive renovations. Many real estate agents rave about the difference a fresh coat of paint can make— especially given the low cost of this upgrade.
Some experts argue that a fresh coat of paint throughout your house can increase the home’s sale price by as much as five per cent. Other simple upgrades, from replacing old light fixtures to changing out your front door, can also give your home a nice bump in value.
Upgrade to energy-efficient features and appliances
Energy-efficient upgrades reduce your utilities bills while you own the home. When it comes time to sell, these upgrades will also offer more appeal to buyers, many of whom are interested in energy-efficient features to lower their own costs as a homeowner.
If your home currently features old appliances that guzzle energy and date your interiors, an upgrade — even if it’s installing modestly priced modern appliances — can help you net a higher sale price.
Freshen up your curb appeal
Simple landscaping features such as new plants and fresh mulch can help your home make a great first impression.
These changes don’t cost much, and you can do many of them on your own. Both potential buyers and appraisers will be influenced by this visual impact.
Put your money into your kitchen and bathroom Many real estate agents will tell you that kitchens and bathrooms are the rooms that sell homes.
In many cases, a kitchen or bathroom remodel can offer a 100 per cent or greater return on your investment — and that number could be even higher depending on the finishes you choose, the amount of labour you’re willing to do yourself, and how much of an upgrade these changes offer over your home’s current condition.
Finish off your basement or other unfinished spaces
Finished square footage is an important calculation when determining your home’s fair market value.
Even if you don’t want to invest in a heavy-duty makeover, simple steps like putting up drywall and adding carpet to a room can turn unfinished space into a profitable addition to your home. This allows you to increase the value of your home by expanding the footprint of this finished space.
Clean and declutter before showing your home. When you’re selling or getting an appraisal on your home, a little deep cleaning can go a long way. Take this opportunity to dust in high places, wash your baseboards, give floors a good mop, and haul excess junk and clutter to donation.
NESTLED in the vibrant city of Vadodara, Gujarat, India, Parul University stands as a testament to academic excellence and innovation in the realm of higher education.
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