Are you curious about your home’s resale value? It’s time to investigate the different factors that influence this number and what you can do to improve it. Most properties appreciate over time, but it’s all dependent on market conditions, location, and, of course, the home’s condition and location. You can also boost the resale value by choosing which renovations will significantly impact the bottom line. For example, you could add an extra bedroom and bathroom instead of expanding your living room. It’s not always the physical characteristics that increase your home’s resale value. You need to consider the following factors as well.
Increase Your Home’s Resale Value: Curb appeal
The outside of your home is the first thing potential buyers see, whether it’s the brickwork, front garden, or window finishings. Maintaining these aspects of your home is crucial, like topping up the front door paint and updating your garden landscaping. Conduct all essential repairs and remove any peeling paint that could age the property at first glance. These improvements to the exterior make your home look more welcoming and attractive to prospective buyers.
Prioritize The Kitchen & Bathroom
Kitchen and bathroom renovations can have a huge impact on your home’s value. In fact, Schofields Insurance claims that a kitchen remodel can boost your resale value by £25,000. A bathroom remodel comes in behind at £10,000 added value to your home. Simple remodels like choosing more modern finishings and color palettes can attract buyers and make your home feel much younger. You could opt for a navy kitchen with brass accents and marble countertops. Or, go for a country home feel with a shaker-style kitchen.
Increase Your Home’s Resale Value: Storage Space
You can never have enough storage space. From kid’s toys to Christmas decorations, more storage is always demanded. Hammonds Furniture surveyed 2,000 Brits and found that the average person will pay over £12,500 for spacious storage. Most consider it an essential part of looking for a new home. There are many ways to incorporate storage into your home. You could purchase bay window seats with built-in storage or extend your wardrobe into a walk-in with plenty of space for your possessions.
Professional Home Inspection
A pre-sale home inspection will identify and fix issues that the buyer’s inspection might discover. It helps to build confidence in potential buyers so your home sells quickly. Before you put your house on the market, consider these steps to improve the resale value of your property. Remember, sometimes you have to spend money on home renovations to make money on the property market. Do your research and make the best decision for your home and finances.
Boosting your home’s resale value and making it more attractive to potential buyers is easy. Just pick one room or task to focus on each week and start working. Before you know it, you’ll have a home that’s ready to impress. When it’s time to sell, you’ll be happy you took the time to maximize your investment. Your home’s curb appeal and interior will be primed to catch the eye of eager buyers, allowing you to get the best possible price. So, start putting in the work now, and you’ll reap the rewards later. Good luck with your home improvements, and may you have a successful sale when the time is right!