6 Ways To Raise The Value of Your Home
Fluctuation in real estate prices
combined with changing interest rates have superfluous effects on mortgage rates and property taxes. It is hard to sell a home and even harder to get the most value possible out of any close. There are several home improvement projects that you can take on to improve and increase the value of your home. And, don’t forget: there are benefits to improving your home beyond selling it. It feels good to live in a place that looks and feels exactly as you like it to, and if the value of your home increases in the process: Bonus! Here are six tips that can help increase the value of your home:
1) Install New Appliances – Simply installing a new washer or dryer, refrigerator, oven or microwave can raise the value of your home. One of the biggest selling points of a home is the condition and quality of the appliances. A modest upgrade can offer more appeal than an appliance on the decline. While the initial investment may seem rather costly, it could ultimately be the difference between selling the home for a price lower than desired or even serve as the difference between successfully selling the home and keeping it on the market. With mark-off specials featured at a variety of department stores, the investment can be reduced for a very affable price and ultimately multiply your return.
2) Renovate That Bathroom – Renovating or revamping a bathroom can increase the value of any residence or facility. Bathrooms are one of the two most commonly used areas of any home and ensuring proper functioning of toilets, sinks, and showers can pay great dividends.
3) Window Repairs/Installations – One of the selling points of several window sellers is the notion that new windows increase your home value. This is indeed the truth; new windows reduce utility costs and retain optimal environmental and lighting conditions. Installing new windows can drive up the price of any home.
4) Varnish Floors – A shiny floor versus a dull floor will be one of the first things to catch the eyes of perspective buyers. Not only does it look nice, but a varnished floor with polyurethane is more likely to be impervious to external agents that can damage the luster and surface of the floor. Varnishing floors is not costly at all, in fact most of the supplies that are needed are readily available at a variety of hardware retailers. The parts are cheap and it is not a time-consuming project.
5) Paint The Exterior – Changing up the color scheme and paint design of the home can instantly increase its value. With time, paint rusts and deteriorates and it is recommended to apply a fresh layer, once per decade. Applying a fresh coat of paint or changing up the color scheme altogether can increase the MSRP and make the building more presentable from an external perspective. A similar principle applies to revamping the exterior, it is more likely to catch the eye and thus create more leads.
6) Roof Repairs – The roof is one of the most valued portions of any home or business. Roofs are often neglected and feature a wide array of problems and pose detrimental consequences. Installing a new roof or repairing a malfunctioning roof can multiply the value of a home, swiftly. Lately, more and more homeowners are turning to more eco-friendly homes of which that will help cut down on energy costs. Whether you’re looking to sell your home or simply improve it, replacing your current roof with a eco-friendly metal roof may be the way to go.