This is a contributed post by Ellie Jo on ways to increase property value to help you make money.
If you want to increase the value of your home, then there are a few changes that you can make. Whether you want to repaint a room or are interested in doing a full-scale remodel because there are jobs for every budget. When you begin to explore them, you will soon find that it is easy for you to get the job done.
Work on your Landscaping or Garden
If you know that your property has a potential for a landscaping at the front, or at the rear then you can make low-cost improvements. This is an easy way for you to boost your value. It may be that you install a fence or even that you try and create a dedicated area for your family to sit. Either way, there are many ways for you to work with what you have. A well-maintained lawn and/orgarden is considered a premium among buyers. It’s also the first impression they have.
Get Inspiration Online
Another thing that you can do is try and get inspiration online. Look up the properties that are in your area and find out what they have, that you don’t. For further inspiration look at luxurious real estate online. This will show you what people really look for in a property. Then make sure that you capitalize on those elements. Another thing that you can do is try and ask people for feedback. This feedback will help you increase your property value by understanding the way that other people think about your house. It will also help you to get more interest online for your property.
Renovate or Update your Kitchen
It is always a good idea for you to consider renovating or even updating your kitchen or bathroom if possible. If you have the budget for a full renovation, then don’t be afraid to look into this either. You may find that you can easily get your money back when you sell your home and this can work in your favor.
Simple jobs such as replacing the shower head and re-grouting the tub and shower are easier than you think. You can try to paint your cabinets and vanity will help you increase the property value of your home.
Increase Your Property Value By Dividing Your Space
Did you know that having an extra bedroom can also increase the value of your property? You don’t need to spend a lot of money to get a bit of extra space. Look for ways that you might be able to update your space and also try and make sure that you explore the idea of adding an attic.
If you want to rocket your home’s value but you feel as though you are constantly working with a very small budget, then why not try and carry out a low-cost makeover? This could include making simple yet effective changes, such as by replacing leaking taps and also by repairing damaged floors. You can also try and replace dead light bulbs. This will improve the appearance of your property because it will freshen it up.
Replace your Windows, Doors, and Trim
Buyers or their inspectors, often pay attention to the windows and the doors. This is true for both interior or exterior doors. The key is to make sure that your front door is nicely painted. If it isn’t then you may find that it looks old and very worn out. The same applies to your windows and your window frames. If you know that they look old or chipped, then this will give the buyer a bad impression of your home before they even walk through the door. If you have a moderate budget, you can replace every door and window with ease. This will really help you with your property value. Another easy DIY, is to Fix Your Baseboards.
Paint To Increase Property Value
If you want to make an instant change to your property, then paint. The great thing about doing this is that you will soon find that the whole house is transformed and that you can also bring out a new style.
If you are choosing to paint your home, then you need to try and make sure that you focus on using light or neutral colors. Few people like a bright blue or purple bedroom. So to a buyer it is another job that they need to do. Stick with neutral colors so the buyer doesn’t focus on what they need to change. Neutral colors will also help your buyer to imagine themselves living there as well, so keep that in mind if you possibly can.
Of course, there are many other things that you can do to try and increase the potential of your home and if you follow this guide, then you will soon find that you can not only add value to your property but also get more interest from buyers.
Greg is a Chartered Financial Analyst (CFA) with 22+ years experience in Financial Services. He has held numerous FINRA Securities licenses (series 7, 63, 65, and 66), and is an expert on Investment Products and Financial Planning. Greg has 22+ years experience as a real estate investor and degrees in Psychology and Philosophy.
Greg has been quoted/interviewed in Yahoo Money, Yahoo Finance, USA Today, Authority Magazine, Realtor.com, Business Insider, and others.
Greg is an avid runner, and the father to identical twin girls and their awesome brother. His love of budgeting and his kids led him to join The Great Resignation in 2021.
Disclaimer: Any Financial Tips on ChaChingQueen are general and informational. Speak with a professional about your specific situation.