5 Essential Tips to Boost Your Resale Value
The key to boosting the value of your home lies in specific renovation practices that will prove to be worth a lot more than you may have originally thought. These five practices and projects focus on the more important aspects of your home, and potential future owners will definitely notice when inspecting the space.
1. Make sure the facade and main entrance are in great condition
First impressions count. What potential owners see as soon as they approach the house is the facade and the main entrance area. Make sure that the exterior walls are properly painted, with no chips and cracks. In addition, the path leading to the entrance and the whole entrance area should both be in good condition. The exterior lights must work perfectly, and their design should match the design of the house, as well.
2. A clean and efficient home is always more valuable
Thoroughly clean your carpets and rugs, as well as repair the cracks in the walls and floors. No one enjoys a home that looks as if it is falling apart, and that will not get you the value increase you are looking for. Sustainability is also an important aspect for home shoppers. There are many ways to increase the energy efficiency of your home: improve the quality of insulation, improve/repair and re-seal the windows, replace the heating and cooling systems with ones that are more efficient, etc.
3. Focus on improving the kitchen as much as possible
Once the furniture is removed, kitchen elements and maybe some appliances will remain so it is important to invest in energy-efficient appliances and sturdy islands and countertops that boosts the overall home value. What’s more, the kitchen is the heart of one’s home, which is precisely why this room will be under a magnifying glass when put up for sale. Make sure that the whole layout and organizational structure of the kitchen allow for whoever is using it to move freely.
4. Take care of the bathroom as well
The bathroom is the second most important room for raising the home’s value. The objective is to achieve an attractive space that offers both a timeless and modern look. Remember that even if you love colorful tiles or ethnic pieces, potential buyers may not. In addition to keeping things simple and classy, it is very important to create an impeccable bathroom area that offers as much functionality as possible for the available space. If you are lucky enough to have plenty of natural lighting, make the most out of it.
5. Take advantage of your outdoor space
If you live in a house with a garden or terrace and have plants, make sure they look good. A well-kept garden will give off a feeling that the entire property is in good condition. If you have a balcony, no matter how small it is, take advantage of it by adding some outdoor furniture to spruce things up a bit. However, don’t go overboard regardless of the size. It is important that you create an outdoor setting that is clutter-free and perfect for relaxation.
Keep in mind that neutral and soft tones always work the best for a color palette. They are the easiest to customize and change, not to mention that they make the entire space visually bigger and more elegant. In that respect, renovation projects and practices made with increased resale value in mind should always be oriented towards timelessness, sleekness, and minimalism.
Adapted from a blog by Diana Smith on RealestBlog.com.
This material is meant for general illustration and/or informational purposes only. Although the information has been gathered from sources believed to be reliable, no representation is made as to its accuracy. This material is not intended to be construed as legal, tax or investment advice. You are encouraged to consult your legal, tax or investment professional for specific advice.
Reprinted with permission from RISMedia.©2019. All rights reserved.
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