Improving the value of your home can help to attain the maximum financial benefit if you are planning a resale. Homeowners also engage in improving the value of their living spaces to make them more functionally and aesthetically accommodating and pleasant. While some renovations can be costly, not all will bring the needed extra financial or aesthetic value. You also do not have to pour thousands of dollars in renovations especially in a volatile market situation. Therefore, you will need to choose which renovations to make.
Advisably, you need to consider those things that are of the most importance to buyers if planning for a resale. Start by ensuring that all the areas, rooms, and features are functional before sprucing up the aesthetics. If the intention is to make the home more accommodating to your family, make a list of things that needs retouch and choose the most important to you. Here are some of the ways of improving the value of your home.
5 of the best ways to create value In your home
- Go Green
Many home buyers now consider it a necessity to buy insulated homes. Having a spray foam insulation in your home is one of the best ways of cutting your electricity bills. There is even no reason to not do it since EECA Energy wise program is subsidizing the cost of insulation. Going green also includes solar panel installation, an alternative energy source which goes a long way in providing consistent power supply and reduce carbon footprint. Many people are interested in green landscapes and outer spaces when buying homes. Plants will make the surrounding look more natural. Make it look greener, but if you do not like greens, add drought-tolerant plants and easy-to-care-for perennials.
- Redo the exterior
The first impression matters when it comes to selling or living in a home. Even your own friends are more likely to come in if they admire the house from the exterior than when not. Hence, do not miss to repaint the outer and inner walls. One way is to choose colors that make it look modern if it is faded already. Check out for hanging shutters. In addition, repaving tarmac driveways or walkways makes it look more welcoming. The other issue with exterior is redoing the landscape – with a little effort, you could revitalize the front-yard by manicuring. Make sure to include landscape lighting as one of those things you will redo or improve. Cleaning the clutter and removing unwanted structures is also part of making the home more appealing to buyers.
- Renovate the kitchen
53 percent of real estate professionals told Consumer Reports that the kitchen is one of the most important rooms that should be in good shape before selling a home. Buyers know that they are going to spend several hours in the kitchen, no wonder they pay much detail to it. Prioritize functional aspects but do not forget those little aspects that would elicit second thoughts among buyers – removing burn marks on countertops, tightening the light fixture, adding a new curtain, and updating the cabinets.
- Freshen the bathrooms
In addition to the kitchen, the bathrooms are a special attention feature for all home buyers. 42 percent of real estate professionals say these are the most important rooms to be in good shape before selling a home. Hence, doing a bathroom remodeling project is a wise idea whether or not your selling your home. Even you would like to see clean bathrooms. Caulk the tub and re-grout the tile floor to add a fresh appearance. Vinyl and laminate floors can be very inexpensive but bring in the desired freshness. You can also add vanity countertops if the rooms are small in size. Consider installing new bathroom fixtures, replacing anything with handles if the house is supplied with hard water – this causes corrosion on the metals. If you’re thinking of revamping your bathroom or adding a whole new bathroom installation, it is advisable to work with a contractor to get the best results.
- Create space or the impression of it
For any value of money, buyers look out for spacious rooms. According to Kristin Wellins, Senior Manager of Program Development for ERA Real Estate, many buyers are looking for big spaces – open floor plans and living rooms right off kitchens. Therefore, if the rooms are actually smaller, it is time to knock down non-structural walls and kitchen islands if there is already enough cabinets. You could also consider adding sheds cork to bring in extra storage spaces.