If you’re thinking of selling your home, you should increase your homes value, and now is a great time to do that. A new CNBC report states that homes are at their highest prices since 2005. This is even more so in states and cities that are seeing a high influx of remote workers, climate refugees, and other folks who just want to experience a new city.
However, before selling your home, you need to make sure that the property is in a great state. This is how you’ll sell it for a far higher amount than you ordinarily would have.
In fact, many homeowners are getting offers that are 50 percent above their asking price because of the demand. But if you want to partake in this windfall, you need to make sure that your home is deserving of that kind of value.
How can you do this?
Increase your Homes Value
Improve Your Curb Appeal
How does your home appear when you’re approaching it? Does it look beautiful from the outside or dated? If it’s the latter then you need to do something about it immediately. Start by trimming the hedges, bushes, and lawns.
If you have trees on the property, prune them so they look neat. Then take a look at your garage door. Change it to something more modern and eco-friendly. Garage door replacements are easily recovered by homeowners, particularly when the door is made from energy-saving and eco-friendly materials.
Then, wash your driveway, the roof, the sidewalk, and all pavements near and around your home. This will instantly make your home look really great and increase your homes value. If the walls aren’t so new, consider painting the exterior and adding wall cladding to upgrade the house’s aesthetics.
Renovate Your Fixtures
Your home’s interior fixtures such as taps, showerheads, and lighting fixtures should be upgraded if you haven’t done so in the last 10 years.
With millennials making up a sizable part of the homebuyers club, you want to make sure that your fixtures and interior finishing are tasteful and modern. This will increase your homes value to the buyer.
Millennials are highly discerning and have great taste –thanks to HGTV and shows like Fixer Upper–, so what worked 10-15 years ago won’t work now. Consider installing modern door knobs and handles, stainless steel appliances, and great-looking minimalist interior décor.
Carry Out an Appraisal
Talk to experienced real estate professionals like Reena Patel Sanders about the possible valuation of your property. This will give you a sense of how much your home is currently worth in the market.
If you want, you can carry out an appraisal before and after the renovations. This will give you an idea of how much you can increase your homes value after the upgrades.
And if you’re not sure of the best upgrades that will produce the best returns, ask real estate professionals. They know what’s in vogue and demanded by buyers. This will point you in the right direction regarding renovations.
You should also consider changing your cabinets, installing energy-efficient and eco-friendly fixtures and appliances, replacing old floorboards or carpeting, and installing new add-ons like decks, patios, fire pits, and more. All these will increase your homes value.