If you are planning to sell your property, then you also want to have the highest price possible. Because of this, people and property dealers will ask you to spend a little from your side to give a makeover to the place, if necessary. This increases the value of the property, the house, a lot.
Here are 11 things you can do to increase the value of your house. So, don't wait till you want to sell it.
1. Structural Integrity
It is of the house is an important thing because a house that looks durable from inside as well as outside sells well. So, resolve all issues with broken areas, pay attention to walls, and the basic foundation. Either completely remove something or redo it, e.g. a foundation in the backyard, the attic room. Replace the cracked floor tiles too.
It is often a separate category because not everyone has a garden or a lawn, even a backyard. For example, flats only have a small balcony. Most houses in cities are devoid of any free space, so landscaping does not become an issue here. But, countryside houses do have and restore it properly to fetch good prices.
It is often an ignored isolated space in many houses. You may also have some bad experiences with this in other homes which look good from outside, but not the bathroom. Use proper lighting, replace worn-slippery tiles, and clean unclean moss from unreachable corners. A house with a clean bathroom fetches a very good resale price.
It is a place for housewives, and if there is a man or a lady who uses it often in your family, you cannot ignore it too. The same goes for the buyer. They also look for a kitchen that has the basic amenities, according to the place. These days, modular kitchens are a craze, and any house with one fetches a big check.
It is a house with some proper basic furniture is a good thing as well because it can help create a good appearance. It makes the house look ready to occupy, cozy, and so on. Often, adding some basic furniture suggests you don't have to work a lot on the property, as opposed to leaving it completely empty or fully-furnished. Something in the middle is fine.
It is a way to quickly improve the property value upwards by 15%. Residential painters
can help you give your house a top-class look, just like new. Because painting also means complete cleaning of the house, its walls, and so on it puts the property in good light, even at the corners where light doesn't reach well.
Now, most of these methods come naturally to one's mind. And, despite people telling you all sorts of things to increase the value of your property overnight, things are not that easy. It is great when there is a good economy, a strong demand, and a beautiful location in a city. But, for neutral cases without any such favorable conditions, one has to work on a set of rules, to impress a family hoping to move in, in the first go. As they say, the first impression is the last impression.
7. Flooring Refinish
It can usually cost around $300 to $500, depending on an average 3-bhk house. Simply sanding and refinishing the hardwood flooring can increase the sales value of your house by $2000 or even more. Property investors apply such tricks to offer the best-looking houses at good rates. Often you can do it as a DIY project, and just a few coats of clear varnish.
8. Visual Aesthetics
It is also a key factor in impressing a family. Adding a crown molding, depending on the type of materials you chose can be a small DIY project for you. But, because of this simple touch that costs you $600 to $2000, you can increase your sale price by several thousand dollars. Your home's value is now among elite-luxury homes. Take a look at the exterior, and then the interior. People love nature, so add plants, and greenery as much as possible.
9. Storage Facilities
This is another way to improve the house's purchase value because intelligent storage options such as racks, attic, basement, and so on are very desirable. While property inspectors estimate that they cost around $50 in some cases to $1000, the increase in the sale price is upwards of $2000. Look for wasted areas, remodel and add creative space.
10. House Hardware Update
There is something that goes with the previous points but actually aims at renovating the whole kitchen with the latest hardware. In the above case, we talked about small repairs. For example, adding laminated countertops made of granite or quartz can cost you around $1000 to $2000, but improve the house value by $5000 or more.
Add a subway tile backsplash. Reglaze the walkway, swimming pools, change bathroom furnishing like adding new mirrors, showers, modern bathtubs, and so on. Instead of just cleaning or repairing things, replace them with a complete hardware update, both interior and exterior of the house.
11. Decorating Your Porch
A house with a nice porch welcomes a big rise in the paycheck because, with just $50 to $2000, you can crank up your property value by almost $3000 or more. Add potted plants, doormat, seating area with furniture, and replace the door, paint everything. Make it welcoming. Children like it a lot, and it directly appeals to parents to buy the house.
In other words, look for a good impression, beyond simple stuff.
To provide a good remark, the first set of points applies for simple changes to increase the house's value. They work well when there is a strong demand for housing and you're in a good geographical location too. But, the next set of points is in addition to the above set, because they put a little more effort and money. They also work on visual appeal, instead of just structural integrity.