You never know what the housing market is going to do in the future. It might seem like it’s on a continuous rise at one point, which can then plummet because of world or local events.
As a homeowner, you should do whatever you can to maintain and add value to your home. Doing this will help you get the most possible if you decide to resell and also increase the value of assets under your name.
As with any other investment, you need to balance how much you put into your home and how much value you will get. Your home may gain value if you add another story to it, but the price you pay might make it not worth your while.
Therefore, you need to be strategic about your plans so that you can get the most bang for your buck. Here are 6 smart ways to increase the value of your home.
Landscaping
The first thing a prospective buyer or an appraiser will see of your home will be from the street. When that happens, you want to make a good first impression. If you are a virtuoso with hedge clippers and an expert gardener, then you can do this work yourself.
However, hiring a landscaper to make your property look its best can be a great investment. Once they have done the work, you can then be responsible for maintenance and upkeep if you don’t want that ongoing cost. Nowadays, buyers tend to be looking for sophisticated landscaping designs that look clean while still having large, mature plants.
Painting
Over time a family can be hard on the walls of a house. Pets can scratch them and leave behind dirt, even on walls. People leave prints and grease that aren’t noticeable at first but can cause the home to look shabby over time.
What every home needs every once in a while is a makeover, which is just what a fresh coat of paint can provide. Choose new colors and shades, making your home look more modern and sleek than before.
When you put on a new coat, your home will look and feel fresh and newer than it did before. The best thing is home is very affordable. Most people can do a great job on their own, so all you will have to do is buy paint and supplies.
New Roof
One thing that prospective buyers will look at when buying a home is if there are any significant costs or headaches they will have to take on.
The roof is one of them. If your roof is in need of repair, then it will scare off buyers very quickly. One of the best things you can do is have a durable roof that looks like it will last for years to come. A good investment is to hire a metal roofing contractor.
According to a metal roofing contractor in Kokomo, IN metal roofs are very strong and practically impervious to leaking. They last much longer than asphalt shingle roofs, and they look great, too. A fantastic-looking roof that will also stand the test of time will be very attractive to buyers when the time comes.
Add a Sunroom
Everyone loves to spend time outdoors. However, that might not be possible during certain parts of the year or during certain weather events. However, having a sunroom or a conservatory attached to your home means you can spend time closer to the outdoors without actually being outdoors.
Sunrooms can be heated or cooled and will protect against the elements. However, they will have lots of natural sunlight and allow you to enjoy the yard all year round. Buyers are very interested in having spaces like this and will pay more for one that’s already added to the home. However, since they don’t have to be added to the internal infrastructure of your home, they are more affordable than adding on rooms or wings.
Update the Kitchen
The kitchen is the heart of any home. If your kitchen isn’t up to snuff, then your home won’t be valued as you want on the open market. Updating your kitchen can add thousands to the value of your home.
You don’t have to do much, either. Even upgrading the appliances will help. New modern and sleek cupboards, a new backsplash, and new countertops can all add punch to your kitchen and home. The trend lately is towards open spaces and less clutter, so any updates you make should reflect if you want to have possible buyers driving up the price.
Decluttering
While the amount of stuff you have doesn’t affect the physical elements of your home, it does affect how your home looks and functions.
Clutter makes a home look shabby and dirty. It is not inviting and will turn off buyers, even though the stuff won’t be there when they take possession. It should also be noted that if you have too much stuff, it can cause damage to your home. For instance, mold and water damage can hide behind furniture, bins, and boxes.
Plus, clutter prevents you from properly cleaning your home, leading to smells and mustiness. In general, clutter is bad for your home, and it’s bad for you.
These are just a few options, but they can greatly impact. As a homeowner, you need always to be looking for ways to improve the value of your home and make it more attractive to potential buyers. As the world evolves, you never know what your situation will be in the future. Keeping the value of your home as high as possible will allow you to be flexible no matter what happens in your life.
