How to increase home value is a common question asked by homeowners who are planning on reselling their homes. There are several ways to increase home value and they will save you a lot time, attention, effort and money.
Are you one of these homeowners who want to know more about how to increase home value?
Here are five tips to get more value out of your home. They are simple steps and necessary, because increasing the value of your home is important, and does not necessarily require you be a professional. So let’s start with the fundamentals.
Do a Home Inspection to Get More Value out of Your Home
Prior to planning any home improvements and modifications, it is recommended to get every part of your home inspected by licensed professionals. This will increase the value of your home and also boost your confidence as a seller, as you’ll be assured and guaranteed everything essential in your house is in great condition.
You will have to consult with several home inspection specialists, depending on which area you want inspected.
You will need licensed electrical technicians, plumbing specialists, furnace and septic systems specialists, roofing insulation experts, masonry work technicians and chimney diagnostics specialists.
You have to prepare before inviting so they will be able to perform their specific inspection work efficiently. You have to attend to the inspection process and make sure to peruse inspection reports.
This may sound a little laborious and costly, but seeking consultation with these experts will be worth the investment. This is a good place to start to increase home value.
Fix All That Is Broken
After inspection, you will then know what to fix.
Ascertain that there are no plumbing leaks and that the electrical system is functioning. A house with well cared and cost-efficient water and power supply systems, tends to be rather appealing to buyers.
No house buyer wants to deal with hazardous broken pipes and faulty power outlets. Repairs and updates would be costly. Every house buyer wants to acquire a residential property that is in its optimal shape.
These are some of the features which a house buyer is looking for. If you have these operating properly, then you can assuredly get more value out of your home.
Put More Emphasis on the Bathroom and the Kitchen
The kitchen and bathrooms are the two areas of the house which a house buyer focuses on first.
A typical house buyer can be meticulous, not only with the appearance, but with the general functionality of the kitchen and the bathrooms.
With regards to the kitchen, as has been mentioned in the previous section, fix anything which is broken, particularly with water pipe leaks. Then turn your focus on the tiles and countertops. It shouldn’t take too much money to repair cracks, chips and dents of tile or stone, and stainless steel.
Same with bathrooms. First focus on the faucets and their connections. Ensure there are no leaks. Drains should be functioning properly. After making sure these are in good shape, try and update the look and feel of the bathrooms. You can start with the restoration of the concrete floors and walls. Then you can invest in updates of the vanity, tub and shower system by making them more modern in appearance and function.
You can get more value out of your home by giving the kitchen and the bathroom a little facelift which may only require a small amount of investment.
Ultimately, you would not want to turn off a prospective house buyer because you failed or refused to expend on these necessary enhancements.
After all, well done kitchen and bathrooms can add significant value to a home.
Focus on Necessary Interior Upgrades Such as Good Lighting and Ventilation
Make the apertures of your home more passable by the natural light from the sun, at the same time, easy to adjust and block should the sunlight be too much on a given day.
It is also important to improve on air circulation within your house as well as focus on roofing insulation.
These are some improvements which can increase home value, particularly in that they add sought after cost-efficiency for the prospective new homeowner.
Invest in Appeal by Making Important Exterior Upgrades
Also plan to focus on improvement of your home’s appearance and appeal by making upgrades on the exterior of your home.
A nicely landscaped and mowed lawn that is free of weeds will always please the eye of the prospective buyer. In addition, check the patio and other stonework. Invest in mortar replacement and mending of brickwork cracking and peeling.
A clean and well maintained yard can add a pleasant ambiance and inviting atmosphere which will impress any potential house buyer. A well maintained exterior can give your home a look of safety and security.
These are some of the basic, yet crucial, tips and improvements which can increase home value.