5 Ways to Increase Your Home’s Value
If you’re reading this, then you’re probably selling your home and thinking of ways to increase its market value. There’s good news; you can increase the market value of your home by making small changes to the interior decor or larger scale improvements to the structure of the property.
Kitchen Improvements
The kitchen is the first thing buyers consider when they look at a new property, they want to know about the kitchen layout, the standard of the kitchen, and whether or not they will have to invest more money in upgrading it. Cover these bases, and you can increase the home’s value.
A kitchen refit might be the best option, and you can find special financing options to cover these expenses and add them to the cost of the home. But if that all sounds too much, why not use some DIY upgrades instead. Change the doorknobs, and lay new flooring to update it.
Bonus Rooms
Everyone that comes to view your home expects there to be a set number of bedrooms (as advertised), a bathroom, a kitchen, a front room, and some additional rooms such as utility rooms, garages, and basements. Not everyone expects a games room or movie room.
If you can upgrade one of your rooms that is not used very often, such as a garage or bedroom, you can install a bonus room that will increase the home’s value and make it more appealing to buyers. Bonus rooms can also be entertaining for you while you live and work in the property.
Outdoor Areas
Ever since people began working from home predominantly, outdoor spaces have become even more valuable. That’s because entire families are spending their working days in the same property, and space is at a premium. Outdoor spaces are also appealing to people in summer.
If you have the potential for an outdoor space, then don’t hold back. Create a patio or an outdoor living space that you can enjoy with friends and family while your home is on the market. Don’t be surprised if it gets snapped up sooner than expected and for a higher price.
Flooring Styles
Everyone’s flooring style is different. Flooring styles include hardwood floors, laminate floors, vinyl floors, carpets, and rugs. If you’re selling your home, it’s a good idea to think about what flooring styles are functional, as well as the ones that have the widest appeal and salability.
If you already have some standard flooring down, such as laminate flooring or vinyl flooring, you could benefit from a magnolia home that is created using magnolia rugs. As with faded denim jeans, magnolia rugs are made to look mute and worn and add a sense of class to your home.
Structural Upgrades
If you’re serious about increasing the market value of your home, then you need to make some structural upgrades. You can improve the outside of your home with some vinyl cladding or other wall covering and invest in a new roof and front door. This can be covered with a loan.