Improving the value of your home sweet home.
published July 11, 2017
Your home is one of the biggest investments you will ever make and ensuring its value over-time could be one of the smartest decisions you will ever make. Though increasing the value of your home is a process that comes highly recommended if you intend to sell it later on down the road, it is also beneficial even if you never really decide to put it on the market. Value in anything, is everything. Here are some recommended tips on how make ‘home sweet home” worth even more than it ever was.
- Maintain your homes internal air quality: Air quality isn’t just about the conditions outdoors. If you have older carpets in your home, they might be hiding contaminants and allergens. The first step to determine if these need replacing is to hire a professional company to test your indoor air quality. If the results prove that your carpets should be replaced, choose environmentally friendly natural products like tile or laminate floors. Hard-surface floors are much easier to keep clean, don’t hold odors, give your home an updated look and, in general, are more appealing to buyers.
- Add new fixtures that are energy efficient:
Replace old fixtures with new ones to make your home more enjoyable for you now and to increase the bottom line should you decide to sell.
A functional, decorative ceiling fan is a beautiful thing. It provides necessary light and, in warm months, creates a soft breeze reducing the need for expensive air conditioning. But, an outdated, wobbly, loud or broken ceiling fan is a useless eyesore.
- Restore and update the bathrooms:
A great room to update for less than $750 is the bathroom. The two rooms that benefit most from even small renovations are the kitchen and bathroom. One cost-effective change — like replacing an outdated vanity, old plumbing and lighting fixtures or adding a new tile floor — will guarantee a lot of bang for your buck and give your bath an updated, modern look.
- Updating the kitchen adds just as much value:
Even small kitchen updates will add big value to your home. The same rule applies here.
You don’t have to start from scratch to create a winning recipe. For maximizing your home’s value, kitchen updates are key. Start by swapping out just one item, such as a stained sink or ancient microwave for shiny new stainless models
- Often inspect it: Some things you cannot fix if you have no idea that they are broken.
Hire an inspector to check out the areas of your home that you don’t normally see. They may discover hidden problems that could negatively impact your home’s value. Small problems (such as a hidden water leak) can become big, expensive problems quickly; the longer you put off repairs, the more expensive those repairs will be.
- Stay colorful and fresh: On the average a gallon of paint cost around $23, which leaves you plenty of change to buy all of the other supplies such as rollers etc.
One of the simplest, most cost-effective improvements of all is paint! Freshly painted rooms look clean and updated.
- Get the direction of a professional. Like us at Park Avenue Property Management LLC. Always invite a realtor over to check out your home.
Even small suggested improvements, such as paint colors or furniture placement, can go a long way toward improving the look and feel of your home.
- Give the front and back yards a little bling:
If you aren’t planning to sell your house today, plan for the future with a landscaping improvement that will mature over time. Plant shade trees — not only will mature trees make your home more desirable but a fully grown, properly placed tree can cut your cooling costs by as much as 40 percent. Mature landscaping is also good for the environment, providing a necessary habitat for wildlife while adding valuable curb appeal to your home.
- Biggie size it: The key here is to make each room feel larger.
The size of your home dramatically affects the value, but square footage isn’t the only space that counts. Visual space or how large a home feels also counts.
Replace heavy closed draperies with vertical blinds or shutters to let light in — a sunny room feels larger and more open. Also, try adding a single large mirror to a room to visually double the space. Finally, clear the clutter. The more clutter, furniture and plain old stuff you have in a room, the more cramped it will feel.