Best Home ImprovementsTips to Increase Value
The majority of buyers choose homes with a clean, modern appearance, an open floor concept, and an abundance of sunlight. To fulfill these objectives, many older homes require considerable modification. The objective of any refurbishment is to keep expenses low and avoid major renovations that have a low return on investment. Sellers should focus on utility instead of making the kitchen or bathroom extremely luxurious.
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Home Improvements to Increase Value
Following are some of the best home improvements that can increase the property value of a house.
- Paint Job
Applying a fresh coat of paint is an easy and budget-friendly home improvement that increases the value of the home. Cracked paint and stains on the inner walls of the property can decrease its value. Most buyers are turned off by this and do not bother with the rest of the property. Homeowners should adhere to a lighter and more natural color scheme that would cater to a wide variety of potential purchasers. This allows a buyer to move their items inside the property without having to worry about them matching with the color scheme.
- Upgrade the Kitchen and Bathroom
Updating the kitchen and bathroom is another way to improve the house and increase its market value. However, sellers should not overspend on improvements. When it comes to kitchen and bathroom renovation, homeowners should start small. They should change the taps, install new cabinet doors, replace the old lightbulbs with newer, energy-efficient alternatives, and replace the old tiles with new ones.
If the cabinets aren’t damaged, homeowners can paint them a new color rather than replacing them. Another option is to pay a refacing business to restore the cabinet units and replace old cabinet doors, shelves, and fittings. These minor changes will enhance the overall appearance of the kitchen and bathroom
- Upgrade the Appliances
Changing the appliances can also improve the outlook of the house and increase its market value. However, if the house is not in a high-end neighborhood, it wouldn’t be wise to spend too much money on appliance upgrades. Appliances should only be changed if they are very old otherwise there’s no need for them.
Water heaters, fans, lighting, cooking range, etc. are some of the few home appliances that should be maintained or repaired before selling the house. Other factors that increase the property’s value include installing security cameras and smart heating and cooling systems, and solar panels.
- Utilize the Extra Space
Another home improvement that increases the market value of the property is utilizing the extra space. Most buyers prefer a house that has one or two small rooms separated from the main property for the servants. Homeowners can turn their basement or mumty into a servant quarter or a storeroom. This increases the property’s value as this servant quarter or storeroom will be considered an extra room in the house. Sellers can also convert extra backyard space or terrace area to construct a small room for the servants.
- Boost the Curb Appeal
Last but not least, improving the property’s curb appeal also adds value to it. The initial impression that potential buyers get of the house is strongly tied to its curb appeal. Scrubbing the home’s exterior or installing a new walkway can both help to improve curb appeal. To be effective, the curb appeal does not have to be costly.
A fresh front door is a quick and low-cost approach to quickly improve the look of the property. Replacing the main gate and upgrading the floor tiles in the driveway also add value to the house. Although maintaining the garden does not increase the property’s value, it adds to the curb appeal and increases the chances of the property being sold quickly.
Prioritizing and budgeting for home improvements can be tough. This is why it’s critical to select the most beneficial options. If homeowners intend to sell their house at some time, they should concentrate on improvements and remodels that will increase the property value.
Muhammad Junaid is the CEO of VM Sol, senior Analyst, and Search Engine Expert. Extensive experience being an IT Manager in GreyBricks Marketing – Blue World city. Work for years with local and international enterprises. Also, represent well-known brands in the UAE.