Six Ways to Increase Your Home Value
“Real estate is the closets thing to a proverbial pot of gold.” -Ada Louise Huxtable
House prices are erratic—one moment they can be increasing, and in another, they can be decreasing. However, despite these unpredictable changes, there is a myriad of ways you can leverage on these price fluctuations and one of them is to increase the value of your home. In doing so, you will be able to profit more regardless of whether the housing market is down or not. Whether you are planning to sell anytime soon or in the near future, it would bode you well to know what to do so that when the time comes, your investments will pay off. So, if you are planning to sell a unit in Sedona Parc or elsewhere, here are some failsafe tips that would inevitably increase your home’s value:
1.) Inspect your homes
Our homes go through the ordinary phases of wear and tear which means your home improvement might be a little something more than just for cosmetic purposes. Broken fixtures, deteriorating roofs, peeling paints, infestations—these are things that you would need to fix if you want to attract prospective homebuyers. Furthermore, if you do not do the necessary repairs, your potential buyers would ultimately negotiate on a lower price than the one you asked for given that they have to spend an extra amount on the repair job that needs to be done.
2.) Paint
One of the most straightforward ways to immediately give any room a fresh new look to apply paint on your walls. It is a cost-effective improvement that quickly gives you results. Take note that when it comes to selecting a paint color, neutrals will appeal best to a lot of people. So, if you want to entice potential buyers into buying your home and increasing its overall value, it is best if you utilized neutral colors.
3.) Find Inspiration
The services of a professional designer come at an exorbitant price, and if you do not wish to fork the extra cash, you can always opt to search for decorating and remodeling inspiration online. This is an excellent and practical alternative that would cost you nothing at all. Just simply browse various websites for some ideas and inspiration or look through magazines and replicate the ideas you wish to incorporate in your home. Remember, if you are tackling a do-it-yourself project, it is best to select projects that are simple to carry out.
4.) Talk to a Pro
If you have any interior designer or realtor friends, invite them over to your house to check out your home for an hour or two. More often than not, you would have to pay a consultation fee, but if you are related to the designer or are friends with them, they might offer you this service for free as a courtesy or in exchange for a meal. However, even if you do pay, what you would be getting back is far more rewarding as these designers would give you a lot of ideas on what you can do to improve your homes.
5.) Cut energy costs
If you wish to take full advantage of your home’s profitability in the housing market, it is best if you learned how to cut energy costs. Doing so would potentially save you more money which can then be used for other updates in your homes. Furthermore, an energy-efficient home that saves you money now would be a more valuable and marketable asset in the long run.
