With the continuous rise of mortgage rates and house prices, it is more crucial than ever for homeowners to increase their property’s value. Whether you’re preparing your house for a sale or considering selling it in the future, here are seven homeowner tips to help make your property more appealing and boost its market value.
Enhance curb appeal
Enhancing your home's curb appeal doesn't have to break the bank. From small DIY projects to larger investments, there are homeowner tips that will give you an aesthetic look for an unbeatable price.
Curb appeal plays an important role in selling your home. The more enticing your house to motivated buyers, the higher the chances it gets sold at the best possible price.
Some of the projects you can do to improve your curb appeal include painting the front door, power washing the walkways, cleaning the windows, installing low voltage deck lighting, replacing the mailbox, elevating the exterior lighting, planting a tree, and updating the garage door.
Use energy-efficient features
Another method to add value to your home is by making it more energy-efficient. Investing in appliances and home features that can greatly reduce utility bills and make your house more sustainable can produce more potential buyers.
While some of these items may be costly, you don’t necessarily need to replace all your appliances, as you can use reasonably-priced ones that can give significant energy savings.
Give your interiors and exteriors a fresh paint
Superficial updates such as painting your interiors and exteriors can significantly improve your home’s value and widen your network of buyers. A fresh color can instantly update an outdated space without draining your finances. Plus, homeowner tips say that adding a new layer of paint can even increase the value of your property!
Choose warm neutral shades as they can make your house bigger and more inviting. While doing this task yourself is more cost-efficient, it would be wise to hire a professional if you have limited time.
Declutter and clean
Cleaning your house thoroughly is one inexpensive way to enhance its value. Depending on your budget and preferences, you can do this on your own or hire a professional. Make sure to clean high-foot traffic areas and difficult-to-reach spots.
Aside from cleaning, you must also reduce the amount of furniture and other items inside your house. Buyers need to be able to see themselves living in your space, so turning it into a blank canvas is essential.
Makeover the bathroom
Homes with updated bathrooms tend to sell more than dated ones. To secure more interested buyers, remodel your bathroom and make it more functional.
Some low-cost updates you can do include upgrading the vanity, replacing the showerhead, swapping the faucets, and upgrading the light fixtures.
However, if your bathroom needs a major overhaul, make sure to set a feasible budget early on and consider getting professionals to finish the renovation.
Update the kitchen
While renovating your kitchen requires considerable money, this renovation project can significantly increase your property’s value.
Whether you’re working with a large budget or just looking for homeowner tips on ways to spruce up the room, there are lots of fun and creative options out there. Consider changing the style and finish of your cabinets/drawers, adding new countertops, or even updating lighting fixtures.
With some trendy updates and a little bit of TLC, it won’t take long before you’ll have an amazing space to show off to your friends and family.
To avoid financial stress, it would be wise to consult a real estate professional beforehand to know which kitchen features you need to focus on.
Add square footage
Adding more livable space to your home is another effective strategy to increase its value. The more usable square footage, the better your chances of securing high-quality homebuyers.
Assess your local housing market and check the recent trends of home seekers. For instance, if your neighborhood attracts more families, adding another bedroom or bathroom can give you the best return on investment. If you have unfinished rooms, such as an attic or basement, make sure to transform them into a profitable space.
With proper planning, hard work, and these practical tips, you can efficiently enhance your home’s value and sell it for the price it truly deserves.