The value of a house changes over time. It could be decreasing or increasing. Your goal is the latter. Through executing changes and additions on your property, your home’s value rises. Not only its beauty is the aspect that hikes up but also its selling price. Several factors, like demand and location, affect the value of a house, but homeowners do their part through home improvements they choose to do.
Are you planning to put up your house for sale in the future? Or are you desiring to stretch out the value of your home investment? Whatever intention you have, you can effectively bear fruit from your property’s value.
Learn more from the list below. Check out these 7 ways to increase the value of your house.
Also Read: How to Remodel an Old House: Step-by-Step Instructions
1 – Freshen up the Paint
Surely one of the most straightforward ways to boost the value of your home is by repainting it or simply enhancing its paint. Paint works like magic in many cases. Freshen up your house’s paint, specifically before you put it up for sale or before you let prospect home buyers check it out. As anyone can see, newly painted houses or rooms radiate a bright and neat vibe. Anyone would think that an old but repainted wall is new just by looking at how it is repainted or coated with new paint. This certainly equates to added value too! Furthemore, the quality of paint has a lot of good stuff to say.
When repainting your rooms or your house overall, smartly pick the colors that are hot in the market of real estate. Seek advice from real estate professionals to know what colors of houses are mostly catchy and attractive to home buyers. They can help you not just add any value to your property through paint but to add to it the best value possible.
2 – Upgrade to Energy-Saving Home Features
Every homeowner aims to save as much money, effort and time as possible while they live in their house. And significantly, energy is a major element at home, which when saved or conserved, can eventually lead to saving the aforementioned matters.
To heighten the value of your property, upgrade to energy-saving home features. From furniture to fixtures, from appliances to gadgets and more used in your house, there are modern-day selections to opt for smarter home furnishings.
Having these energy-efficient developments at home helps you cut your financial costs while you live in it. If you decide to sell it in the future, the next homeowners will reap the same advantages, so these environmentally-safe refinements will be very interesting and captivating to potential home buyers. Since the value of the house increases, the price of buying it increases too, but looking at the bigger picture, the future homeowner has saved a lot of money through getting a home that’s energy-efficient.
There are regulations on depreciation of home appliances and furniture, so if you are trying to look for smart home upgrades, see to it that you consider them as well. These can affect your home’s value, as well as the benefits you may get from depreciation.
3 – Add Square Footage
The bigger and wider a property, the higher the price is. That’s because added square footage corresponds to added value.
Added square footage is not only to say that the house is vast but also to use it more functionally, now having more spaces that can be used productively. More rooms can be opened with more square footage. More activities can be done with more spaces to move in. More furniture, appliances and equipment of any kind can be placed with more stretches to accommodate them.
4 – Improve your Bathroom and Kitchen
The bathroom and the kitchen are two of the most important rooms of a house. They are among the biggest considerations of home buyers because these rooms are the most used and most communally utilized. Many homeowners make their bathroom and kitchen the grandest areas of their abode, treating them like bedrooms that they adore.
Improve your bathroom and kitchen. Make them smarter than ever by adding upmarket smart features that make every living more convenient, more accessible and more comfortable for you and for every type of homeowner and needs. Opt for avant-garde home designs and styles that suit pleasant bathrooms and functional kitchens. See to it that they are utilitarian for all ages and for all physical capabilities as well.
5 – Boost Storage Space
Everybody needs a little more space. In this day and age when people are into online shopping and a lot of it for that matter, people are acquiring more and more items but losing more and more space. Homes are just getting a little more crowded, not only with people but also with stuff, both the necessary and the not.
With such a great need for expanse, it is a wise move to boost storage space in your home. It augments its value as well since that equates to more square footage. More storage space means you can experience organization and neatness since there are rooms to keep and store all your stuff – of course as you do your part too.
6 – Set up an Outdoor Living Space
For aesthetic, for extension or for business purposes, an outdoor living space would be a good idea. You can set yours up to open new zones to be used. It can step up the value of your property. Especially if you decorate and embellish this outdoor living space and make it look like a crib where homeowners and guests can relax, it will attract many home buyers.
7 – Repair Structural Problems
Safety and security are the most crucial factors to consider when choosing a location for a house. These are priorities of home buyers because of course, homes are for long-term use, even from generation to generation.
If the house you are selling has foundation issues, expect potential home buyers to be shooed away. Needless to say, they will not like it, no matter how stylish and fabulous the home design might be.
Repair structural problems. Have them repaired by a professional home building and maintenance company you can fully trust. Before you do any sort of improvement or remodeling to your house, this is what you should do first and foremost.
Structural integrity is a must-have for a house! If it is well-engineered for a lifetime quality of excellence, then it surely is highly valued.
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PROPERTY PLUS
Your house is precious, and just like the famous proverb says, there’s no place like your home. With that comes your objective to make it better and more valuable than ever. As years pass, you aim to make it last beautifully long and strong. And just because it’s getting older doesn’t mean its value should be going lower. No. It can actually go higher, and you can do some things to make that happen!
ABOUT THE AUTHOR:
Nicole Ann Pore is a writer, an events host and a voice over artist. She finds quality and well-researched writing as a worthwhile avenue to enlighten and delight others about things that matter. For her, it’s restoring and fulfilling to the heart and a great way to clear the mind while loading it up with fresh learning. Film critiquing and filmmaking are among her interests too. Giving all the glory to God, Nicole graduated Cum Laude from De La Salle University Manila, Philippines with a Bachelor’s Degree in Communication Arts.
Nicole Ann Pore is a writer, an events host and a voice over artist. Quality and well-researched writing is her worthwhile avenue to enlighten and delight others about things that matter. Nicole is a daytime writer for Depreciator, an Australian-based company specializing in tax depreciation schedules. Nicole graduated Cum Laude from De La Salle University Manila, Philippines with a Bachelor’s Degree in Communication Arts.
