The road to increasing a home’s value can be a long one, but it can undoubtedly yield you a ton of profit if the proper steps are taken! Suppose you are thinking of selling this year. In that case, these home improvement tips can come in handy to exponentially increase your property’s value.
Let’s dive into the details!
9 Best Tips for Home Improvements
1) Remodel the Kitchen
An outdated kitchen is no good for the property’s value. It is a trend amongst prospective buyers nowadays to go for properties that hose a modern kitchen. Change the leaky faucets, replace lights with more energy efficient alternatives and rather than replacing the cabinets, give them a nice color and finish. On average, a kitchen renovation can boost the value of your property by 5.5%.
2) Paint, Paint and Paint
Even if you are not planning on selling your home, a coat of paint can do wonders! It appeals to prospective buyers and can provide your home with the modern look it deserves. Make sure to choose a color that fits the overall aesthetic. You can also buy the equipment and do it on your own!
3) Redo the Bathroom
Potential buyers always make sure to check out the kitchen and the bathroom first! Once you have taken the costs into consideration, the remodeling of the bathroom will be one of the best tasks to undertake to increase your home’s value. Replace the mirrors and clean out the gutters. Also, if there is a hot tub installed, make sure that you give it a thorough rinsing.
4) Do Not Forget the Attic and Basement
Everyone loves a space that can be personalized. Do not take rash decisions and go on adding square footage to your property. Instead, think of the attic and the basement as another room that can be utilized for daily use. Maybe putting up some gym equipment in the attic and a home cinema in the basement will not hurt a bit! More minor additions such as these are not costly and contribute to a more excellent property value!
5) Treat the Windows
While it may not be the top thing on your priority list, windows do add value to your property. Get drapes or wooden blinds to cover them up. Sand down any irregularities and cover it up with a fresh coat of paint if needed!
6) The Exterior of Your Home Matters
You will be shocked to see how much the exterior of your home dulls down after a prolonged period of time. The regular detergent and hose will not cut the job. Get in touch with your local power washers to clean rid your exterior of the grime and dirt that has built up over the years.
7) Pay Attention to the Fireplace
Fireplaces can make an excellent factor when raising your property’s value. If you have one, make sure to wipe away all of the soot! The red fireplace is a prospective buyer’s favorite, and the pop of color will not hurt even if you are not looking to sell your home. Get your hands on the most robust cleaner and scrub away the soot!
8) Double Glazing
While it does not bring any immediate value to your property, the cost can easily outshine its need. Double glazing can be an excellent addition if you are trying to be more energy efficient! Prospective buyers are more likely to be interested if they do not have to take the risk of going through the process.
9) Update the Fixtures
It is surprising that the tiniest bit of change can be significant when it comes to a property’s value. Replace your door knobs, switch outlets, and curtain roads with ones that display a modern aesthetic. Some of the fixtures may lie on the expensive end, but they can boost your home’s value by a ton!
Should you get a Reverse Mortgage for Home Improvements?
The short answer is yes. In simple terminology, a reverse mortgage is a loan you borrow against your property’s value and it is dependent on an array of factors.
America’s #1 rated All reverse mortgage lender says, “the word ‘reverse’ may be scary, but the value it brings to your property indeed is not!”
Final Thoughts
Home improvement, specifically to increase its value, can come off as a complicated and puzzling task. It certainly does not take a lot with proper management. It doesn’t matter if you are planning to stay or sell. Make sure to browse through all the options available before making a decision!