Being a homeowner is much more than an emotional feat – it is a practical and financial decision. Many homeowners tend to put their homes on the market when their market value increases beyond a certain point, and use the built-up equity for purchasing a new and better home, or fulfill other endeavors.
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The rate of this value and increase depends on several factors, and while factors such as community, neighborhood, or sq. ft. area may not be in your control, you may hold the strings for many others. Given below are three ways you can increase your home’s resale value:
Updating your bathrooms and toilets
Homeowners often tend to shy away from spending on their bathroom and toilets and have the same fittings and fixtures for the entirety of their life. However, if you are considering selling your home, you should know that bathrooms often play a “make or break” role in realty deals.
Hence, by updating your toilets and bathrooms’ fixtures, you would significantly by increasing your home’s resale value. In most cases, whatever you spend on bathroom remodeling is likely to be recovered for a higher amount. Repaint the cupboards in your bathrooms, install a new showerhead, and install new fixtures for an easy fix.
Work on your curb appeal
Your curb appeal has a lot of impact on potential buyers and by updating its landscape, you can leave a good first impression on visitors. When a potential buyer walks into your property and has a positive impression from the get-go, he/she is sure to keep a positive mindset from there onwards too.
Actions as simple as introducing new plants and flower beds in your home’s landscape can do tons to enhance your curb appeal. Have a fresh coat of paint on your front door, hang a wreath on the entrance, and get a new welcome mat. Measures as simple and inexpensive can add up to thousands of dollars in your home’s resale. Most of these do not even require professional help and can be done on your own.
Get energy-efficient appliances
Many people looking for homes for sale tend to look for homes with pre-installed appliances that are new and energy-efficient. Not only is high consumption of energy at home expensive, but it is also bad for the environment. A home with old appliances tends to give off a very mechanical and outdated feel and hence decreases your home’s resale value.
Sell your current appliances and spend a few additional bucks to get brand new, energy-efficient ones. Even if you spend modestly, you are sure to receive comparatively much more in resale value. Update your oven, microwave, refrigerator, air conditioning units, and laundry room for a whole haul.
If you are indeed planning to sell your home, you should do everything in your power to further increase your home’s property value. The above-mentioned measures can help you witness a steep increase in your home’s resale without requiring much sweat on your part.
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