There are factors that you cannot control when it comes to the value of your home. But the good thing is, you can make home improvements and repairs that are proven to be effective in increasing home value. And even though you’re not planning to sell your house anytime soon, raising your home equity will serve its purpose in the future.
In 2018, a survey reported that 58% of homeowners plan to undergo a home improvement within the year. That can certainly mean a lot of things to you. One is of the major concerns is how to get it all started. After all, an appealing exterior and a well-designed interior are always great pluses in the real estate industry.
It’s difficult to tell the appreciation rate of your home, as the market is constantly changing. But preparing for something inevitable will come in handy one day. And if you want to start now, here are some tips we’ve provided just for you.
Improve Your Kitchen
Most potential buyers are more likely to inspect the kitchen out of all the aspects of your home. In a way, it holds importance, especially for first-time homebuyers. An updated or modern kitchen is the trend for many millennials nowadays. It’s top of their list.
In fact, it has a bigger impact compared to the preference of baby boomers. What’s more, appraisers tend to check for this particular area first because of its appeal to buyers.
A complete kitchen renovation is not necessary. You need some improvements here and there. A great way to start is to replace your old appliances with new ones. That can definitely capture attention.
Additionally, getting a stone countertop for your kitchen should bid you well. For one, you really can’t beat natural stone countertops as they last a lifetime. Put in its exquisite finish, and you know you are raising the bar of your home’s value with the best stones from nature.
Raise Your Home’s Curb Appeal
Getting a great first impression from potential buyers is a big plus when selling a property. And if your home does not look appealing from a distance, the chances of purchasing your home is low. In this regard, improving your home’s exterior should be one of your top priorities.
Start by having a beautiful and well-maintained lawn. The sight of blooming flowers, sturdy trees, and trimmed lawns will make your client plaster a big smile on their face. After all, no one wants to purchase a dull and boring home. Plus, this is probably one of the easiest ways to increase property value. Its bonus: it costs less compared to other home improvements.
Make It Energy-Efficient
Depending on what country or location you’re from, having energy-efficient features is sure to have a big impact on your home value. Not only will you help lessen environmental damage, but it will also save you money over time. And as more and more people are becoming energy-conscious buyers, you’re actually giving your potential buyers what they want.
There are many options to consider to factor in energy efficiency. Some of these are attic insulation, LED lighting, double-paned windows, and other efficient appliances. If you want to invest in bigger upgrades, a solar-paneled roof can entice buyers to purchase your home more than it’s actual worth.
In hindsight, know this would mean structural commitment and more expenses on your part. So make sure you got your priorities straight. The good thing about energy-efficiency is you increase your property’s value and lower your monthly energy dues. It’s a long-term solution with short-term benefits. Any way you see it, it’s a win-win.
With these ideas in mind, you can focus on the value of your property to entice buyers to consider it. Selling your home can be a breeze.