Being a smart homeowner, you probably see your home not only as a place to live but also as one of the best ways to build wealth through home equity. Thanks to the real estate industry booming all over the world, the property value has been increasing rapidly day by day. However, when you are willing to sell your house, you must think of all the possible ways to maximize its value.
Whether you are planning to renovate your home or sell it, making improvements to your house definitely increases its worth. Improving the core foundations and features of any property is always a safe bet as it helps save money in the long run. Decorating your house is also a cost-effective way to make your house look fresh and adds more value during the sale process.
The value of any property depends upon a variety of different factors such as its location, size, ratio of covered to uncovered, etc. There are tons of other factors that can give you a leg up over other sellers and increase the market value of your house. Let’s begin by reviewing each one of them.
SELLING YOUR HOME AT THE HIGHEST PRICE – HOME IMPROVEMENTS THAT CAN ADD VALUE
1. Spruce It Up With Fresh Paint
If you really wish to sell your house at the highest price, the first thing you need to do is invest in the looks right away. Start by repainting your house. A fresh coat of paint can even make the dated exterior and interior look fresh and new. Do your research to find the best paint colors. We will suggest you to go for a good neutral color for the interior such as ash white. If the next owner would want to change the color, it would then be easy to do so in lighter tones. Paint works as a magic and makes a big impact on your ability to attract buyer’s attention towards your house.
Before diving into the major painting part, it is better to consult with an experienced realtor. They can provide you with complete guidance on what improvements and repairs will make your house more appealing to the buyers. They can surely help you avoid wasting any money on things that won’t add value to your house. Along with this, get your windows cleaned as well as look for any gaps that exist in your window panes. These small repairs will definitely give your house a smooth finish.
2. Renovate The Floors
Improving your home flooring will highly increase the market value of your house. For the flooring, there are a variety of options available in the market to choose from. Go for something that is neither too expensive nor too cheap and gives your home a classy matte look. We will suggest you to stick with a neutral tone for the flooring as well as lighter tones will make your house look more open and spacious. In addition to this, with lighter tones one can style their home however they want.
Another important tip that we would like to give to our readers is to choose marble flooring over wooden flooring. Wooden floors look much more beautiful but they are highly expensive and need to be maintained regularly. On the other hand, marble is the easiest kind of flooring you can choose due to its easy maintenance. If you want to bring back its shine, you can easily get it re-polished.
3. Upgrade Dated Kitchens And Bathrooms
Upgrading the kitchens and bathrooms will give you the greatest return on your investment. Kitchen and bathroom updates surely have a huge impact on the house resale value. As these are high-use, high-traffic rooms, they must be dealt with a high level of interest.
Kitchen is the central feature of any house. If yours look outdated, it can ultimately affect how much you garner from a sale. If updating your entire kitchen seems too much of a task and is costing you lots of money, just a minor remodel can also have a significant impact on your house’s value. Just paint or refinish your kitchen cabinets. It will definitely give the space a new and fresh look.
Bathroom renovations are also one of the most popular home improvements. You can absolutely expect a good return on the money that you spend by upgrading your bathrooms. Find a professional for this job. Do your research before selecting someone to do all the fixation, since going the cheap route or working with someone who is not completely familiar with this job will end up costing you more in the long run. You can spruce it up with a fresh coat of paint but the most important part is plumbing fixtures. Make sure that there is no plumbing and vanity upgrades are needed at the last minute.
4. Curb Appeal – Keep Your Landscaping Clean
Attractive landscaping implies that the entire house is well maintained. Present your outdoors in the best way possible. A little tip we would like to give to our readers is that landscaping enhances the beauty of any house. So, you better make sure that everything is in a good condition. Place large pots filled with bright blooming flowers at your front door. What would be more welcoming than fresh flowers!
If there is a lawn, you can get potted plants from any local nurseries and the colors run through. Make sure that the grass is not too big and is well maintained. Enhance the lighting. Put lights at the front door, in the garage, as well as in the lawn (if any). It is important to know that the best way to sell a house quickly for good money is to make it appealing. Pretend you are the buyer when you look at your house. Talk to your realtor about the things you can do to increase your home’s curb appeal.
5. Decluttering And Depersonalizing For Better Space Utilization
Today, buyers need to see the space they are getting in order to see if it is worth their money or not. They want to see the condition of the floors, walls, etc. This is not possible when most of it is covered with your or other people’s belongings (in case someone else had been living in it previously). By decluttering your house, you are allowing the buyer to see the open space and imagine themselves living in it.
You should remove any decorations that show too much personality. Also, if you have an extra budget, install cupboards or racks so that the space can be used efficiently. The laundry area should also be well maintained. These small details attract buyer’s interest in any property and after some negotiation, they can easily agree on the price you quote for the property.
These are a few factors that can definitely increase the market value of any house. Sometimes, even the minor details can have a big impact on its value. Try considering these points before putting it up on sale. We hope that it will be useful for you
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Eman has been actively writing about the real-estate market in Pakistan since 2019. She is most interested in researching and writing about the latest trends in the real estate market that help her readers make informed decisions.