Boost Your Home’s Value with These Tips
Have you recently bought a new house for sale in Corpus Christi? Being a brand-new homeowner is not only an emotional experience, it is also a major financial decision that has the ability to grow your investment as your property value increases.
As a wise homeowner, you will most likely perceive your home as not simply a dwelling but one of the smart ways to build wealth, thanks to home appreciation and home equity.
Whether you simply want to continue to grow your home’s value or planning to sell it in the near future, there are ways to boost your home’s value. Here are some tips.
Add to your home’s beauty
Why do a lot of real estate agents talk about how a fresh coat of paint can make a big difference? It’s because even low-cost upgrades – superficial updates – can make a big impact on buyers. Yes, even more than intensive home renovations! In fact, experts say that updating your home’s paint can increase its sale price by about 5%.
While adding to your home’s beauty is absolutely a great selling point, your family will have the benefit of living in a lovelier home.
Time to think about curb appeal
Simple landscaping features like fresh mulch and new plants, trees, and shrubs can do wonders in boosting your home’s curb appeal and making a good first impression.
It doesn’t cost much to get this done, and you can do many of them on your own.
Put your money into your bathroom and kitchen
Should you decide to renovate and really spruce up the place, you might be interested to know that according to real estate agents, bathrooms and kitchens are the rooms that really sell homes.
In fact, remodelling these rooms may offer a 100% return on your investment. That number can go up, depending on how much time and effort you can commit to the project, whether you are willing to do the labor yourself, as well as the finishes you choose.
Think energy efficiency
This may not really be an exciting way to boost your home’s value, but it will surely help lower your energy bills while you’re living in it. And by the time you’re selling, these energy-efficient upgrades will add to your home’s appeal. Did you know that about 70% of real estate agents claim that showcasing a home’s energy efficiency was very valuable?
You may want to focus on the following:
- Doors, windows, and siding installations
- Heat and cooling costs
- Energy-efficient appliances
- Energy-efficient lighting
- Solar panels
- Landscaping for sustainability and energy conservation
Complete unfinished areas in your home
When determining your home’s market value, the finished square footage is an essential calculation to consider.
If you are not willing to invest in a big home makeover, simple things like adding carpet to a room or putting up drywall can transform an unfinished area into a profitable home addition. Expanding the footprint of an unfinished space is one of the ways to boost your home’s value.
Professional tip: Some home projects may cost tens of thousands of dollars, but don’t go crazy and shell out money on home projects just to boost your home’s value. Getting a loan to upgrade your home is never a good idea. Why not commit to a monthly budget and stick to it? You’ll be surprised just how much cash is freed up for your home upgrade project.
“4 Neutral Paint Colors That Can Add Value to Your Home,” Real Simple, https://www.realsimple.com/home-organizing/home-improvement/painting/paint-colors-increase-home-value
“Which Home Improvements Pay Off?” HGTV, https://www.hgtv.com/lifestyle/clean-and-organize/which-home-improvements-pay-off
“Realtors & Sustainability Report,” National Association of Realtors, https://www.nar.realtor/sites/default/files/documents/2019-Sustainability-Report-04-19-2019.pdf