How improve the value of your home
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