How im­prove the value of your home

Lesotho Times - - Property -

WITH hous­ing prices in­creas­ing and the eco­nomic growth fore­cast to be at an all-time low, now is the time to in­vest in your home to cap­i­talise on its value.

Be­low are tips on how to in­crease your home’s value…

En­sure your walls are pris­tine It goes with­out say­ing that if your house looks bad, with cracks, mould, bub­bling paint, dam­aged bound­ary walls etc., it could po­ten­tially lose value.

In­stalling a weath­er­proof ex­te­rior wall coat­ing, with a 10-year war­ranty, will add value to the house. Home buy­ers want to know that the house will still be stand­ing af­ter you leave.

Pre­sent­ing doc­u­men­ta­tion to show what you have done to the prop­erty will add a lot of value and pos­si­bly en­sure you get your ask­ing price. You also want to use a con­trac­tor worth their guar­an­tee.

Make room To cre­ate space, knock out non-struc­tural walls or re­move the kitchen is­land.

Any­thing that opens the space, cre­ates a sense of flow and lets in light will be more ap­peal­ing to buy­ers.

For a min­i­mal fi­nan­cial out­lay, you could trans­form the look and feel of your home.

Land­scape To keep your gar­den look­ing great, re­move dead trees, trim bushes, preen trees and clean walk­ways. This will greatly im­prove the appeal of the house.

Let the light in Where pos­si­ble, let in nat­u­ral light as this will sig­nif­i­cantly im­prove the feel of the house. A bright and airy room with lots of sun­light looks aes­thet­i­cally pleas­ing and invit­ing.

No one wants to live in a cel­lar so in­vest in LED light­ing. These bulbs save money as they use less elec­tric­ity. They’re there­fore well worth the small in­vest­ment and you can use them as part of your unique sell­ing point.

Main­te­nance is crit­i­cal Be­fore em­bark­ing on an ex­pen­sive kitchen up­grade, ad­dress the ba­sics first.

In­su­late your home, re­pair plumb­ing leaks, re­place rusty rain gut­ters, and in­spect the fire­place and the sep­tic sys­tem.

You also want to re­place or re­pair leaky windows, in­stall storm doors and weed the flower beds.

These kinds of fixes go a long way to­ward adding value to your home.

A lot of home­own­ers think they have to put in a lot of money to see a big dif­fer­ence but they re­ally don’t. In­vest­ing in main­te­nance and re­pairs is not only money-wise but it could also be cru­cial to a sale.

The im­por­tant as­pect in the mar­ket, now more than ever, is that your house be in pris­tine con­di­tion and that you price your house for the mar­ket.

Floors mat­ter Many real es­tate pro­fes­sion­als rec­om­mend spend­ing money on floors. This doesn’t need to be a costly ex­er­cise, what mat­ters most is that your floors look good.

Take on small projects that will have a big im­pact like re­pair­ing bro­ken tiles, patch­ing dam­aged floor boards, and re­mov­ing wall-towall car­pet­ing.

Up­grade the bath­room Many bro­kers will tell you that when it comes to home ren­o­va­tions you should up­grade the kitchen first, and then the bath­room. It may not be eco­nom­i­cal to em­bark on a ma­jor ren­o­va­tion if you’re try­ing to spend as lit­tle as pos­si­ble be­fore putting your house up for sale. For­tu­nately, some bath­room up­grades are cheap, easy and fast.

When up­grad­ing your bath­room, you want to re­place frosted glass with clear glass, clean the grout, re­move rust stains, paint, change door­knobs and cab­i­nets, re­place faucets, and in­stall a dual-flush toi­let. — Prop­erty24

HOME im­prove­ments come in all shapes and sizes and can sig­nif­i­cantly up your prop­erty value

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