If you’re one of the many people who invest in a new home while planning to live there for many years, but somehow have changed your interest in staying, you’re not alone. Plans change often due to various circumstances and it’s natural to want to relocate to somewhere new. When this time comes, it’s important to consider how to increase the value of your home so that you get the most return on your investment.
The best and fastest way to increase your home value is to make a plan for home improvements. It will turn out better if your upgrades are made intentionally and not on impulse. The Kelly Parks Team of real estate agents suggest you consider the following ways to increase home value.
Look at your kitchen and think about the things you may do to make it more appealing for home buyers. Having a modern and updated kitchen is one of the top priorities for today’s buyers. A small investment could do miracles. Consider adding a new suite of appliances, new flooring, and countertop. Also, in order to have a more modern look, think about having a stainless steel appliance finish. This will surely appeal to people who want to buy your house.
What increases home value apart from an updated kitchen? Well, an open floor plan and flexible living space of course. Finishing a basement or attic conversions are a great idea to increase your home value.
No matter who your buyers are, millennials or baby boomers, they will look for an additional living space either for a home office or a playroom for children.
If you lower your home’s energy costs, it could be a major selling point. “Energy-efficient” is one of the attributes prospective buyers look for and it greatly influences their purchase decision.
When you decide to improve this segment of your home, use high-efficiency windows which are said to lower your home’s energy bills by 7 to 15 percent. Also, if you want to ‘go green’, use LED lights and make sure your listing mentions it.
A home for everyone
The existing housing stock seems not to be made to safely accommodate elderly people. By 2040, there will be around 80 million seniors.
People who are 50 years of age or older aren’t willing to step over the tub to take a shower. So, consider replacing them with curb-less showers which are easily accessible for wheelchairs too. It’s essential to do bathroom updates. Additionally, make sure the master bedroom is on the first floor so there is no need to climb the stairs.
Paint the house
Kitchen and bathrooms are high-traffic areas when you’re trying to sell a house. This is why you should focus on these two areas and repaint them. It has been proven that whites and off-whites are the top-selling interior colors.
If you need more detailed descriptions and someone experienced to answer this question: “What is the value of my home?” please contact the. We will help you with your home value estimate, home selling and any other real estate need.