Owning a home is one of the many ways you can accumulate wealth. Since property tends to appreciate over time, you can quickly sell your home for up to 30% more than you purchased it. As much as it is hard to determine the rate of appreciation of a house, there are a couple of things you can do to increase your home’s selling price. This article will give you some proven ways to elevate the value of your home.
Add a fresh coat of paint
Worn-out walls are unsightly and will reduce the appeal of your home. Make sure you select bright paint to smooth over rough spots and make them look brand new. You can decide to paint a few rooms or give your front door a fresh new look.
Improve your curb appeal
Refreshing your curb appeal can improve the value of your home by upto 11%. Create a solid first impression to visitors and potential buyers by planting evergreen plants and looking into various landscaping designs.
Build out unfinished areas
By building out unfinished areas of your home, you increase the square footage and subsequently boost the selling price of your house. You could convert the unfinished basement into a self-contained bedroom or turn it into a home office for individuals who like to work from home.
Choose popular, high-quality finishes
It would help if you did your research and selected popular finishes in the market and among buyers today. Opt to swap out small items such as door handles and taps to give your house a modern finish.
Upgrade your floors
Give your floors a fresh new look to make your house more valuable for resale. For example, epoxy flooring is an excellent option to spruce up your home. It is a great fit if you are looking into resurfacing your floor as it is robust, easy to maintain, and resistant to the harshest chemicals. It will definitely elevate its overall value!
Invest in eco-friendly features
Energy-saving features and home appliances help you save money on gas and electricity bills and are environmentally friendly. Potential homebuyers will be more interested in your home if your appliances are eco-friendly. You can also go green with solar energy.
Increase storage space
Unless you consider yourself a hardcore minimalist, increasing storage space in your home will significantly contribute to the addition of its value. Add hooks behind doors and install open shelves in rooms such as the kitchen and laundry room.
Invest in home technology
Smart houses cost more but are more appealing to homebuyers. Most people now prefer smart gadgets preinstalled before moving in. So, invest in adding things like smart thermostats, cameras, fire detectors, and intelligent lighting systems.
Make your home bigger
Bigger homes with larger space tend to be more valuable than smaller homes. Decide whether you can open up the space by knocking down some walls or adding an extra room. Though home renovations are costly, you are likely to get a return on your investment.
Most people live in their homes for an average of nine years before deciding to sell. You can try to increase the value of your house beyond the standard equity appreciation to make more on a sale! Potential buyers will be willing to pay top dollar to move into your home, and you will be smiling to the bank!