How to increase the value of your home

There are many reasons to increase the value of one’s house. Perhaps you’re planning to resettle somewhere nice and sell your current house. Or maybe you need to increase home value you possess. Whatever the reason, there is a range of simple and powerful things you can do right away. 

Implementing these simple steps will boost your real estate value. The best part of these fixes is that most of them do not require a large investment or fortune to start with. While some require moderate financial planning.

Buyers who come to evaluate your house will be impressed by the manner of presentation and style once you’re done. This will help you to sell your property faster and get you a much higher rate.

Without further ado, let’s get into the best practices for increasing your home value –

Repaint your Walls

The absolute best thing you can do straight away is to renew its paint. A house with decaying paint or mold can detract too much from its value. A fresh coat of paint should be put in all rooms like the living room, dining hall, kitchen, and bedrooms. Paint the exterior of the house and the compound as well if needed.

When choosing a color, make sure that you opt for neutral shades. Colors like that are light and neutral and lend the most charming and inviting look. Think of colors like  beige, ivory, taupe, black, gray, and shades of white

Colors that are bright like brown, purple, or red can look too gaudy. The paint of the house should be subtle. The paint should be an afterthought. Its main purpose is to brighten up the area. To open up space and to compliment the furniture of the house.

Check the Current Market Value of Your Location

Buying a property located in a prime area is as important as investing in the home itself. From a peaceful neighborhood to conveniences and an increase in property value, there are various factors that will add to the value of your home. For instance, a 4 BHK in North Goa holds a higher property value as compared to an identical property in South Goa. This is simply because people would prefer North Goa for the locality, convenience, and daily commute as well as nearby supermarkets, restaurants, and beaches.

While doing a survey on your area, identify the key factors that will help other buyers understand the benefits of owning a property in the area and convince them to invest or live in your home for long-term purposes.

Install Bright Lighting

The purpose of a lighting fixture is to make the room appear bright. They should be very noticeable and conspicuous. You do not need any lavish or extravagant lighting. Even cheap lighting fixtures can drastically improve the space. Old lighting fixtures detract from the value of the house. New lighting fixtures open up the room and make them look larger. Great lighting uplifts the mood and makes the room feel inviting. They are one of the best things to install right away.

Replace Worn-out Hardware

A cheap way to bring a new lease of life to your home is to replace door knobs, door handles, faucets, taps, and wall switches. These small changes make a big difference

Even though the value of these fixtures may seem minimal, they are worth it. Old fixtures are distracting and detract from the value of the house. Dirty old switches, rusty taps, and moldy faucets can be unpleasant to look at. New hardware really compliments a fresh coat of paint and bright lighting.

Add Another Room

Simply adding another room can make your house value increase drastically. If you have spacious areas in the house, you can easily remodel them to accommodate more rooms. An attic or basement can be repurposed. This will require some planning, but it is possible.

Potential buyers love additional rooms. More rooms can mean more rental income and the capacity for more people to live inside. This directly translates to a higher evaluation of the house. 

Rent your House when not Occupied

Houses that are occupied are attractive to buyers. Regular rental yield may be sought after by investors. If there is time left before you sell your property, see if you can get it rented out for a while.

Modify your Kitchen

You do not have to invest in a large-scale renovation of your kitchen. Try one or two things from the suggestions below without overspending. Firstly, see if you can refresh the cabinets or renew them without replacement. A simple paint job or polish will make the kitchen look new. You can also install a backsplash, which are tiles that protect the wall from the sink. This lends an elegant look to the kitchen.

Maybe also invest in some home appliances like an affordable microwave and a hot plate. A potential buyer might love the added convenience of moving into a ready-to-cook kitchen. The truth is that beautiful kitchens sell properties. Putting some effort into the kitchen pays big dividends. But do not go overboard and invest too much, it’s not worth it. Stick to one or two changes mentioned here.

Flooring 

The first impression of the house is really important. When your customer walks in, you want him/her to have a good impression by noticing the flooring. If possible, opt for decent flooring that will make the house distinctive.

There are many options to choose from which include marble, vitrified, hardwood, ceramic, wooden, laminate, and more. Find flooring that will compliment your home aesthetic. Great flooring can help you distinguish yourself from the competition and increase home value..

Invest in Home Staging

Staging a house is done by professionals to make your home appear warm and attractive. Stagers declutter the house, remove personal items, and rearrange furniture to make the room as presentable as possible. When the house is staged, the photos taken look very impressive online and offline. You must have come across ads where the house looked phenomenal. 

Chances are that this house was staged to be as aesthetic and decorated as possible. Home staging uses psychology to make the buyer envision themselves as living in your house. Staging may be expensive and probably would require a staging company. But staged houses sell faster than regular houses.

Pay Attention to your Garden

Gardens can bring life to homes and also complement the aesthetic around the house. 

Most homeowners with luxury villas in Anjuna and other parts of Goa have an outdoor private garden, however, maintaining the garden is as important as owning it.

A well-kept garden can add personality to your house. This charm can increase your home value. Make sure your garden, lawn, and courtyard are well tended to. Your planted grass, plants, pots, and creepers should be well-trimmed and groomed. If you don’t have any plants, you can invest in some. Make sure they are low maintenance and affordable.

A home with no plants can appear sterile and lifeless. Similarly, a home with dead grass or ill-maintained plants can make the house look unsightly and increase home value.

Read more articles on increasing home value @ Acute Blog.