People will always tell you that property is more than just a home, it is also an investment as it will increase in value over time. In truth, this is correct, over time property prices have always risen, even if there are small dips along the way. However, that doesn’t mean you have to rely on time to increase the value of your home.
If you want it to be worth even more or simply want to increase the value to sell it quicker, there are several ways in which you can increase the value of your home by undertaking simple upgrades.
However, before you start it is a good idea to speak to your local real estate agent or a reputable real estate auctioneer. They will be able to advise you regarding which are the best upgrades to do in your specific locations. While all the following will add value to your home, the area you live in influences which ones are in most demand by people looking to buy.
Change Your Front Door
This is a simple job as your replacement door should be exactly the same size and shape. But, it is worth doing as the front door is often the first focal point of your home and something that buyers will remember later.
You should consider installing a modern metal door. These look like traditional doors and can be purchased in a wide array of colors. But, they offer additional security, which is important to many buyers. A metal door can also reduce your insurance costs which is beneficial to you and any buyer.
Many homes have basements that are simply storage areas, perhaps where the furnace is or the washing facilities. However, this is actually a very easy space to transform, increasing the appeal and the available space in your home. You can create a secondary living space, extra bedrooms, or a games room. The use of the space is less important than finishing it properly. This makes it feel like part of the house and adds a significant amount of value, at surprisingly little cost.
Renovate The Kitchen
Despite advancements in technology and the coming of the digital age, the kitchen remains the heart of the home. This is the most important room in the house and renovating it will increase the value of your home.
All you have to do is make sure there is a good flow around the kitchen and that all the latest energy-efficient appliances are installed. Add in smart technology and you are onto a winner.
Open It Up
Another great way to increase the value of your home is to open it up. Most of the internal walls will not be supporting the structure and can be removed. It is advisable to check with a professional first. This will create more light and space in your home which will make it seem larger and more appealing. Both of these are good for the value.
The front yard is the first thing people see and this can entice them into your home or send them packing. Spend a little time tidying, making sure the driveway looks great and your house is appealing.
But, you also need to do the rear yard to ensure any buyer has a good impression of the outside eating and entertaining area. That adds appeal as well as value to a property.