Selling a home can be easier said than done for many homeowners. However, there are ways in which you can effectively and, in many cases, cost-effectively improve the value of your home over time. If you plan on selling your home anytime soon, it is important to start with a home maintenance checklist that essentially helps add value over time.
Below are a few things you can do to improve property value over time.
Upgrade and Maintain High-Demand Finishes
The values of property, by and large, will vary depending on where you are located. However, you can increase the demand for your home by slowly upgrading to what is currently popular. For instance, installing stainless steel appliances, quartz countertops in the kitchen, etc. Slowly and gradually, do away with what is considered outdated.
Smaller finishes like switching from regular brass doorknobs and locks to more upmarket-looking brushed nickel material or maybe swapping your incandescent bulbs for LED lights can make a significant difference.
Maintain Your Home for Maximum Energy Efficiency
Many buyers value energy-efficient homes because that often means spending less on heating in the winter and cooling in the summer.
Make sure that your maintenance checklist includes checking and replacing insulation. In addition, you will want to maintain your furnaces or HVAC unit to ensure they are performing optimally.
A low-cost upgrade could be a smart thermostat which helps further improve energy efficiency. A smart thermostat can start saving you money right away, and it’s a quantitative measurement that will interest many buyers.
Upgrade the Bathroom and Kitchen
Home values today rely on how modern your home comes across as being. However, if you have a small or tight budget, focus on upgrading your kitchen and bathroom first. Not only do they become outdated sooner but spending in these areas means higher returns when it comes time to sell.
Upgrade like from a half-bath to a full bath can make a significant difference in adding value.
Increase The Amount of Finished Space
If you have an unfinished basement or rooms that haven’t been finished, build it out. It is a relatively low-cost way of adding value.
However, if you don’t have any unfinished space in the house, make sure that your home has no cracked tiles, wall fractures, signs of rodents, etc. Not only is an annual inspection of your home a cost-effective way of knowing early on what’s going wrong, but it will help you plan and budget for annual maintenance accordingly.
Cover All Rough Spots with Paint
Worn-looking homes get low ball offers. If you want to enhance the value of your home, annual maintenance should include covering rough spots with a fresh coat of paint.
The value of property relies on how good it looks, and paint does an excellent job at that. It can make old surfaces look brand new, with the benefit of it being cost-effective.
Annual maintenance can help retain, if not enhance, the value of your home considerably. However, you need to use your budget wisely on upgrades and maintenance that will add the most value first and then work your way down to less important maintenance.
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