Planning To Offer Your House? Adhere To These Easy Steps!
How to increase house value? Your home is one
of the largest assets you own, so you want its value to go up. Increasing your
house value is crucial if you wish to sell your house soon as part of your
financial plan or want to carry out improvement projects to benefit your
lifestyle. In today’s article, we will answer: how to increase
house value and generate higher returns on investments. Read on!
Add floor space to your home
If you have the land and want to add more
living space to your house, an extension is an excellent way to achieve your
goal. Because it is a significant home improvement project, make sure you
create a budget and consider the costs, including those that could crop up
unexpectedly.
Research shows that adding an extra floor can
increase your home value between 5% and 15%. Therefore, it is crucial to weigh
up your plans based on the market demands and other factors. That way, you can
achieve your goal and generate higher ROIs.
Install a new kitchen
Although kitchen renovation is an expensive
project, it is the focal point for many prospective buyers. A new kitchen is an
excellent way to increase your house value. You can install a new kitchen on a budget
or focus on the latest smart technology. In addition, the average cost of
updating appliances in your kitchen is $10,945. Although it is pretty costly,
you can add between 5% and 10% value to your home.
On the other hand, if you don’t want to spend
more money or perform a complete kitchen renovation, you update your kitchen
cabinets and paint the walls to give the existing space a new life. Moreover,
if your kitchen looks dated, new tiles and fresh paint can make it appear
modern. Thus, you can increase the chances of selling your home for a higher
profit.
Update your bathroom
Like the kitchen, updating your bathroom is
also an expensive project. However, a new bathroom suite can make your house
more attractive to prospective buyers, increasing your property’s value and
generate higher ROIs.
Depending on the fixtures you want to
install, updating your bathroom can add 6% to 11% value to your property. If
you already have a modern bathroom, you can add a second one to attract
families. That way, you add a selling to your listing.
Improve your Garden
Curb appeal makes a great first impression on
prospective buyers. Besides other improvement tasks to enhance curb appeal, we
recommend focusing on your garden maintenance. It can increase your home value
by 5%.
Outdoor spaces in houses have become more critical
due to the Covid-19 pandemic and especially during strict lockdowns. Remember,
spending time outdoor requires you to maintain your garden.
The purpose is to create a comfortable space
where you can relax and entertain. We recommend adding plants to your garden
and spruce it up by planting beautiful and colorful flowers to boost the curb
appeal and attract more prospective buyers.
Increase natural light
Natural light influences your rooms’ appeal
and attractiveness. Dark and gloomy living spaces are major deal breakers for
many prospective buyers. Install additional windows or make the existing ones larger
to increase natural light. Studies highlight that natural light can save 32% of
energy bills.
Hire HVAC services
How to increase house value? Although you can
carry out a wide range of projects to boost your home value and sell it for a
higher price, you can significantly increase your home value by hiring HVAC
services to perform the heating and cooling equipment maintenance.
Some reports show that installing a new HVAC
system by removing the old one can increase between 35% and 50% return on
investment. A new HVAC system can also attract more prospective buyers,
especially those willing to pay a higher price to buy your property.
However, if you don’t have enough money to purchase
a new
heating/cooling
system, you can hire HVAC services for maintenance. Remember, maintaining
your HVAC system can increase performance, lower energy consumption, maintain
indoor air quality, and prolong the system’s lifespan.
Final Words
Selling your home for a higher price is a
daunting and time-consuming task. It involves various tasks, including home
improvement, finding and hiring a real estate agent, advertisement, etc.
Home improvement projects can increase your
home value and boost the likelihood of selling your house for a higher profit. How
to increase house value and generate higher returns on investments? Follow the
tips given above.
https://www.youtube.com/watch?v=5csGQr6d6-Q
How to Sell Your Home More with These Easy Steps
How to increase
house value? Does hiring HVAC services help improve your home comfort and
increase its resale value? There are numerous ways to boost your house value,
make your home more attractive, and increase the chances of selling it for a
top dollar. In today’s article, we will answer: how to increase house value.
Read on!
Clean and Declutter
Cleaning and decluttering your indoor space
can add over $4,000 to your house’s resale value, on average. Studies show that
prospective buyers appreciate a clean and decluttered home. However, if you don’t
want to move, you can benefit from the space by decluttering, making it more
organized.
In addition, cleaning and decluttering are
projects that don’t cost you a lot of money, especially if you do it yourself;
you can start by going through your closets and cabinets and begin a donation
pile. Clean your drawers and other storage places in the indoor space to ensure
everything looks organized.
Painting Project
Carrying out a painting project can increase
your home value. If you are on a budget, you can ignore outdoor painting.
However, you can’t neglect the significance of the interior painting project,
especially if you want to increase your house resale value. So, it is wise to
make the interior look new and fresh at the most affordable costs.
Experts recommend starting by repainting your
room with a suitable color scheme. Use light colors instead of dark colors to
make the indoor space appear larger to prospective buyers. Not only does it
increase your home value, but it also attracts buyers.
Remodel Your Kitchen
Many homebuyers consider the kitchen as the
central part of a house. So, if your kitchen is not in proper working order or
has reduced aesthetic value, it is time to remodel or renovate your kitchen.
Remember, you don’t need to spend a lot of money on your kitchen. You can
maximize the space by removing unnecessary appliances, paint your cabinets, and
replace countertops.
A minor remodel is enough if you don’t have
enough money to complete a full-scale kitchen remodeling project. A minor
project can still increase your home value. Install modern hardware on your
kitchen cabinets and invest in quality and aesthetically pleasing appliances to
attract more buyers.
That way, you can increase your house’s
resale value and sell it for a top dollar. Moreover, you can focus on refacing
the countertops and cabinets, installing a new sink, and fresh up our kitchen
walls.
Hire HVAC Services
An HVAC system cools your home in the summer
and keeps it warmer during the winter season. However, when it undergoes
problems, the system does not perform well, leading to a wide range of
complications, such as strange noises, carbon monoxide emissions, higher energy
bills, malfunctioned thermostats, mechanical wear and tear, and damaged
electrical components. Here are a few benefits of hiring HVAC services.
Improved Indoor Space Comfort
Indoor air quality is essential because it
reduces the risk of environmental pathogens in the air. When you focus on
improving indoor air quality, you can mitigate the harmful effects of viruses
and bacteria present in the air. Otherwise, you and your family are at higher
risk of developing respiratory conditions, such as cold, flu, and even asthma.
A well-maintained air
conditioning system with clean air filters can improve your home comfort
and maintain indoor air quality. An HVAC system’s air filters can trap
microbes, such as bacteria, viruses, including the novel Covid-19 virus, and
eliminate them from the indoor space. We recommend hiring professional HVAC
services to clean or replace air filters.
Lower Energy Bills
A malfunctioned AC system or HVAC system will
work harder to cool your home in hot weather. At the same time, it will consume
more electricity, leading to higher energy bills every month. Remember, this
can break the bank if you fail to deal with the problem on time.
Regardless of the causes of higher energy
consumption, it is wise to hire professional HVAC
services to maintain your AC system, leading to lower energy bills. That
way, you can save money and spend it on other important home renovation
projects.
So, if you ask: how to increase house value?
Our answer is: Hire an experienced HVAC company for preventative maintenance. Your
prospective homeowners will appreciate your efforts and may pay more for your
house.
Final Words
Increasing your house value requires you to
follow a step-by-step approach, streamlining the entire process and increasing
your house’s resale value. How to increase house value? Follow the most
practical tips given above to achieve your goals.