If you ever thought about putting your house out for sell, you have definitely wondered whether you should renovate it or not. This is a problem that anyone encounters when they’re putting their house on the market. And even if you don’t think about selling at the moment, there’s a strong possibility that someday you will. This is why it is important to learn how to increase your home’s value.
In this article, we’ll list some of the best ways that help you boost your home’s value and make it attractive for potential buyers.
The Main Door
You should never underestimate the power of a beautiful front door. People tend to make up their minds within the first few seconds of entering a house. Another thing that you should consider is installing something like an awning or a portico above your front door. The future owners of the house will be happy that they’ll have a way out of the rain whenever they’re looking for their keys.
First impressions are the most important, and you need to give your potential buyers the feeling that they will buy a very spacious house. You can knock down non-structural walls, or even remove the kitchen island. These kinds of changes can definitely make a certain room look way more spacious. Nowadays, on the real estate market, buyers are looking for wide open floor plans, and that’s what you want to end up with after renovation.
Even though it can be an expensive investment, if you renovate your bathroom, you’re guaranteed to increase your home’s value. Fortunately, you don’t have to change the entire layout of the room. You can make some big changes, like buying a complete new set of furniture, and you can complete with smaller ones, like redecorating the space. Bathrooms are one of the first things that people look at whenever they enter a household, this is why yours must look new and neat.
This is undoubtedly one of the best ways to increase your home’s value before selling it. For example, according to The Appraisal Journal, energy saving systems can add 20 times the annual savings to the total value of your home. Nowadays, people who can afford it, will definitely ask about the possibility of a green home. Think about changes like a solar-powered water heater. One such system can help you save up to 80% on your water-heating bill. Potential buyers would definitely be interested in one such facility.
There’s no doubt in the fact that if you have a garage on your property, your home’s value is already way bigger. So, if you do own one, don’t forget that it is part of your home as much as any other room. Make sure you don’t neglect it and that it makes up the perfect space to protect your car, especially if you don’t have extra parking spaces outside. Another thing that you could do, in case you do have extra parking spaces, is to convert your garage into a living space. In case you do that, you could come up with interesting ideas to decorate the space. You can get really creative, but if you decide to do this, make sure you look into some specific aspects of a garage, like types of garage doors.
For an unknown reason, people tend to forget about the importance of a garden when they’re trying to sell their house. It is part of your property as much as your bedroom or living room. A well-maintained garden will not only make the property look more attractive for potential buyers, but it can also increase its value. There’s a lot of people out there passionate about gardening, and they’re willing to pay good money in order to be able to do it.
No one will want to buy a house with a dirty, stained, wrecked floor. Consider an upgrade, given the fact that this aspect is somehow crucial for any potential buyer. According to Genworth Canada, if you install hardwood floors and/or tile in your home, you can have a return of 5-6 times the initial investment.
It’s never a happy time when you need to let go of your own home. But whenever it happens, even if you think about doing now, or you consider that it will happen at some point in the future, you need to be ready to sell. If you want to make your life easier and boost your home’s value, you need to get to work and plan ahead.