Where to Invest Time and Money to Get the Most Resale Value from Your Home
The housing market is hot! However, you must be strategic in order to take advantage of the available market opportunities. Whether you are looking to build equity or want to sell your home for top dollar, you need to take care of the property to increase its value. Part of this involves staying on top of repairs and making smart home improvements. But what exactly should you focus on to maximize the value of your home?
Here are some tips to help you.
UPDATE YOUR KITCHEN
Kitchens sell homes. The kitchen is the heart of the home, and many buyers look here first before making a purchase decision. This is why you will want to make the room both aesthetically appealing and functional. To get a big return, you have to focus on the right areas during the upgrade. This includes installing modern cabinets and countertops, going high end on the backsplash, updating the sink and faucet, as well as upgrading and coordinating appliances. For the home improvement to be valuable, ensure you pick the right fixtures and fittings for the space.
REMODEL YOUR BATHROOM
A good number of home buyers will be looking for a home that feels new, even if it is not. In case your bathroom is outdated, a remodel would be a great way to spruce it up. The exercise should focus on improving usability and adding a touch of luxury. Your remodel may include updating fixtures, adding storage, installing a shower seat, ensuring proper lighting and adding a steam shower in the master bath. Lastly, invest in a modern bathroom design.
MAKE YOUR HOME MORE EFFICIENT
There are many reasons why buyers choose energy-efficient homes. These houses are more comfortable, save money and are better for the environment. Optimizing your home's energy efficiency will go a long way in increasing the property's value. You can improve efficiency by installing a smart thermostat, adding insulation to your home, and upgrading doors and windows. In addition, consider installing skylights, light shelves and clerestory windows so you can use natural light as an alternative to electrical lighting. Finally, invest in energy-efficient home appliances and electronics.
UPGRADE INTERIOR LIGHTING
Lighting plays a very important role when it comes to selling your home. Indeed, nobody wants to live in a gloomy or unattractive space. Proper lighting creates a warm ambience, improves mood, and makes your space safer and more functional. As such, improving interior lighting can go a long way in helping to increase the value of your home. Consider going for stylish lighting fixtures that will complement your decor as well as the overall style of your home.
REPLACE THE INTERIOR FLOORING
One of the first things buyers will look at when they enter a property is the floor. Your home will fetch a better price if the floor looks clean, stylish and contemporary. In case your interior floor is in poor condition, you should consider either fixing the flaws or having the flooring replaced. With the many flooring options available on the market, choosing the right one will contribute to increased home value. You can also improve the floor plan by combining several small separate rooms to facilitate open-plan living.
INSTALL SMART-HOME TECHNOLOGY
Buyers are increasingly attracted to homes with smart features. The technologies not only make life easier but also provide a sense of security. This is why you should install smart-home technology when looking to increase the value of your house. To make your home smarter, consider incorporating features like smart security, smart lighting, smart thermostat, smart garage and smart appliances. Although smart technologies may not always boost the value of your home, they will definitely add appeal.
ADD MORE USABLE SPACE
When you have limited land and space, adding more usable space to your home will enhance functionality and add value. Depending on your needs, you can convert an area in the home into an additional room to be used as a bedroom, bathroom, home office or mother-in-law suite. This will set you apart from the competition in your neighborhood, something that will help you attract more potential buyers. In the end, you will be in a better position to sell your home at a higher price.
INSTALL AN OUTDOOR ENTERTAINMENT SPACE
Some home improvement projects that will raise the value of your property focus on the exterior. When it comes to making your home bigger, consider creating an outdoor entertainment space. You can build a deck for entertaining, create a casual living room or have an outdoor kitchen. However, you must ensure that there is a consistent design theme between your indoor and outdoor spaces. Buyers who enjoy the outdoors and entertain guests from time to time are likely to find such features appealing.
IMPROVE CURB APPEAL
Studies show that good curb appeal can account for up to seven percent of your home's value. As such, improving curb appeal is a simple but effective way to boost the value of your home. This will also help you make a good first impression regarding how you take care of the property. To improve curb appeal, spruce up your driveway, upgrade your exterior doors, touch up the paint on the exterior of your house, replace yard lighting and maintain a healthy landscape.
CLEAN AND DECLUTTER
Raising the value of your home does not have to involve difficult and time-consuming projects. Cleaning and decluttering can help you achieve this objective. With a clean home, there is a good chance you will fetch a better price when you put the property up for sale. If you do not plan to move soon, being organized will enable you to make better use of the available space.
There are many more steps you can take to ensure you get the most resale value from your home. These include installing a generator and upgrading your plumbing as well as heating and air conditioning systems.
When it comes to transforming your kitchen, you should use durable and stylish products. At Fossil Blu, we are committed to helping you turn your dream kitchen into a reality. We sell luxury sinks that are designed to be resilient, dependable and timeless. Contact us today for more details or visit our website to browse our products.