If you’re planning to sell your house, either now or in the future, it’s a good idea to invest in things that can increase the value of your home. These investments don’t need to be major because small investments done tastefully and thoughtfully can raise your home value.
Deciding to sell your house is not a trivial decision and so as the investments that you decide to make on your home. It’s wise to carefully plan for what kind of changes you want to make to your house so that when you’re finally ready to sell your house, the investments will pay off and allows you more return in value.
Before you embark upon the improvements, bear in mind that overdoing things will not add much value and you may not recover the cost of improvement when you resell your property.
I’d always strike a balance between how much I paid for the improvement and how much more resell value I can get out of it. If you stay in an average locality, then even adding a couple of new rooms or building an expensive yard will not add value to your home, to the extent of your expenses.
Here are 5 small investments that can raise your home value
Make Some Room
A lot of home buyers are looking for floor space. You can remove non-structural walls to create space or even the illusion of space. Potential home buyers need to visualize themselves living in the new house so remnants of your old place should be removed without destroying the look of the house.
Choose areas in your house that are usually high in traffic like the kitchen, the dining room or the living room. These are the areas where people usually gather and having a large space that can accommodate a lot of people without overcrowding it can give your home an added value to potential home buyers.
Many home sellers don’t pay too much attention to details of the house, especially lighting and paint because they concentrated too much on getting their house sold.
Remember, what works for you may not work for your potential home buyers. Invest in changing the features of your house such as lighting, faucets, windowsills, doors, and paint.
Browse through home decor magazines to get an idea on what appeals to others. If unsure, it’s always safe to stick to earth tones and warm lighting as these two almost always make everyone feels right at home.
Invest in energy-saving appliances and technology. You don’t have to upgrade your home in one go, but install these appliances one at a time. By the time you’re ready to sell your house, you can show off how your home is cost-efficient.
A lot of people are sensitive to the environment so having a home that can help to save the Earth can go a long way in adding value to your home. To boost your value further, you can keep a portfolio of how much is the difference between normal energy usage bills and your newly updated green home.
get rid of your old appliances and refurnish with energy star and high-efficiency ones. Brand new appliances that go with an overall theme and look of the home cost about $5,000 but they can fetch more than that in resell value addition.
We’re not talking about Home and Garden TV here, but you can invest in a low-maintenance landscaping either outside or inside your home. Invest in your garden with DIY things so that you’re able to convince your potential home buyers that they can do it themselves too.
Having a small indoor garden can also add value to your house, as you make it look greener and cozier.
Having a garden with plants add a lot more than monetary value to your home. Plants are right now one of the most important factors for home buyers as per the recent survey.
Keep It Clean
Make it habit to always keep your home tidy and clean. Potential home buyers can always tell when a house has always been well-kept, or if you’ve just cleaned it before they arrive.
Keeping your house clean and well maintained can ensure your home buyers that your house is in good condition and that they don’t have to invest so much in maintenance once they moved in.