As the summer months approach, many homebuyers and sellers are wondering if they should focus on selling the home or staging it to increase their chances for a quick sale. With rising housing costs, higher mortgage payments, and a tightening economy, it’s not unusual to find that some sellers are holding off on selling. Meanwhile, a home with lots of potential should be the focal point of your summer marketing efforts, but what can you do? Consider these 4 ways to increase your home value:
First, consider the potential impact your outdoor space has on your resale value. The addition of a deck, patio, or veranda can boost the resale value of your property by leaps and bounds. Consider hiring a landscaping company to evaluate your outdoor space and plan ways to improve it. For instance, an irrigation system may improve your resale value by shading and drying out the home. A nice shade during the hot summer months can help to keep energy costs low, which will result in a higher sales price when the climate is hot. In addition, your landscaping company may be able to give you expert advice about how to use your outdoor space to the best advantage.
Next, look to add curb appeal to your home by sprucing up the front yard. A nice fence with flowers in full bloom is sure to get eyesight and add a sense of natural elegance. Yard signs can provide your real estate listing a more personal touch, as well. Think about adding a personal logo to let potential buyers get a glimpse of who you are and what you’re selling. Keep your sign near the street so that passersby are enticed to come to your home.
Finally, consider your floor plan to determine ways to increase your home value. The kitchen, for example, is one of the most important rooms to remodel. If your kitchen is cluttered, you may not have enough space to move around comfortably. It’s also important that potential buyers feel comfortable and welcome in this room. Create an efficient workspace, and then add touches like new countertops and appliances that will create a sense of luxury.
As you can see, remodelling an outdated kitchen can have a major remodelling impact. The first step to take, then, is to consult a kitchen remodelling specialist to assess the state of your current kitchen. Fortunately, there are many companies out there that can help you do this without breaking the bank. A professional estimator can give you a cost-effective estimate on how much it will cost to replace certain areas, such as cabinets, countertops, floors, and lighting. Depending on your budget, you may also be able to have these projects insulated and waterproofed without breaking the bank.
Homeowners also need to consider how they can improve the appearance of their home. Many homeowners tend to focus primarily on the inside of a house, but this isn’t necessarily a good way to save money. In order to add value to your home, you’ll want to invest in both design and new construction materials. Updating window sills, replacing old appliances, adding new flooring, and renovating the kitchen are all great ways to save a significant amount of money. If you don’t plan to sell in the future, you can even refinish your kitchen and bath for significantly less than what it would cost to totally replace the room. While you’ll spend more money in the short term, these projects eventually pay for themselves through higher property values and increased comfort for your family.