Are you looking to sell your property soon? Or are you simply interested in increasing its value so it’s worth more when you come to sell it one day? Either way, increasing the value of your home can be tricky. It requires a lot of time, money and research, but the end result is worth it! A good real estate agent can help you find out the fair market value of your home. They will also be able to advise you on what features will increase the resale value of your home. But if you’re not quite ready to sell just yet, read on for some tips on how to increase your property value from the ground up.
Renovate The Areas That Matter Most
Before you get to work on all of the fancy additions and alterations, focus on the areas of your home that will have the most impact on its value. This can include: – The Roof: Roofs that are in need of repair will have a negative impact on your property’s value. Replacing or repairing the roof will not only increase the resale value of your home, but it’ll also prevent expensive repair bills in the future!
Exterior: This is the first thing people see when they look at your home. A good-looking exterior, combined with a well-kept yard, can add thousands to the value of your home!
The Kitchen and Bathrooms: The kitchen and bathrooms are the areas of your home that you use every day. Replacing these with high-quality fittings and fixtures will make a huge difference to the value of your home!
Add An Extension
If you have a large property, you can add an extension to increase your living space and add value to your home. However, you can’t just go ahead and build on your property. You need to apply for a permit from your local planning authority. They will check the zoning of your area and decide whether or not to grant you a permit. If they decide to allow the extension, you will be required to pay permit fees and have your plans approved by a state architect. After the work has been completed, you need to get your plans approved by the state architect again. If your plans are approved, your extension will add significantly to the value of your home.
Repairs Are Key
While renovations add value to your home, they don’t increase the value as much as repairs do. A good rule of thumb is to spend as much on repairs as you would on renovations. If you have a foundation problem, for example, you may need to spend $50,000 to repair it. However, this will increase the value of your home by $100,000! This is because buyers are more likely to purchase a home with foundation issues if the price is significantly lower than the average price in the area.
Add Outdoor Living Space
If you have a smaller plot of land, this is a great way to utilize what space is available. This can include a deck or patio, a pergola, or even a garden or fire pit. The price of these additions varies widely, but landscape design is a great way to add value to your home!
When it comes to selling your home, a good real estate agent can help you find out the fair market value of your home. They will also be able to advise you on what features will increase the resale value of your home. When you’re not quite ready to sell just yet, read on for some tips on how to increase your property value from the ground up. Renovate the areas that matter most, repair as much as you can, and add additional features to your outdoor space. These are the best ways to increase the value of your home.