7 Tips to Increase the Value of Your Property
by Guest on Jan 25, 2021
If you are considering renovating or selling your property, it should be able to add value to the space. Several projects that are aimed at increasing the value of the home end up costing much more than you had estimated. However, it is possible to increase the value of the property without putting in a lot of money. Here are a few tips to help enhance the value of your property without breaking your bank.
1. Add a bathroom
Renters and buyers are attracted to homes with more than one bathroom. Even if there are only a sink and a toilet in the bathroom, it will add to the value. Your aim should be adding a new bathroom while sticking to the budget so plan the layout well and ensure that plumbing allows for it. Make sure you do not end up with an expensive project.
2. Improve energy efficiency
Whether you choose to live in the home or sell it, an energy-efficient property saves money. The best way is to insulate the home from the inside and outside. You can add double glazed doors and windows that prevent the fluctuations in temperature which ultimately adds to the electricity bills. With insulation, you ensure that the electric appliances cut down electric spending. If you have the budget, install solar panels as it can make the home eco-friendly and will reduce the bills in the long term. Thus, making it more attractive for the buyers.
3. Replace the appliances
If you want to increase the property value, the best way is to upgrade the appliances. However, it is not just adding home theatre systems or induction hobs in the home. You should think of creating a smart home. If you have the budget, you can fix anything from air purifier devices to smart lights and home assistant devices. This is the 21st century and there are many types of updates that you can bring into your home. Consider adding smoke detectors or security cameras if you want to sell the property in the near future.
4. Work on the basement and attic
Buyers are going to take a good look at the basement and attic in your property. If you only use it for storage, you need to repurpose the area to add value to the property. According to Tri Point Flooring, a company that specializes in hardwood installs in Raleigh North Carolina, you do not need to make complete structural changes to transform it into a livable area. Consider transforming it into a home office or make it a laundry room. Think of it as a functional space that works best for the renters or buyers.
5. Make space for storage
A lot of homes with built-in storage areas are highly valued. When you add storage space, it adds functionality to the area, and it does not cost you much. You need to be creative when creating storage space and consider the unused areas in your home. Take a look at the staircase and check if there is space below it. You can have drawers right there. Beds are ideal for installing under bed storage. Consider the open, vertical spaces in your rooms where you have shelves or cabinets.
6. Transform the walls
Paint can do wonders on the inside and outside of the house. Even if you are planning to sell the house, a fresh coat of paint will increase its value. If you are redecorating, get rid of the wallpaper and check for cracks on the walls. If all is well, apply a new coat of paint to make the home visually appealing.
7. Enhance the curb appeal
A wonder trick that does the job all the time is to improve the curb appeal. It is most often overlooked but improving the home’s curb appeal simply remains a matter of maintenance. You need to keep the lawn trimmed, fix the cracks inside the pavement, paint the exterior walls, or plant some flowers. Get as creative as you want with the decorations but before you go overboard, you need to keep the cost in mind. The aim is to add property value by sticking to a budget.
Increasing the value of your property is not difficult. If you plan well and keep the budget in mind, you can make the necessary changes to the property and make it attractive for buyers or renters. If you are planning to sell the property, do not go overboard with the expenditure. Consider what will improve the market value and what will not. Your property is your personal sanctuary, and you can choose to make any additions to it as long as it fits within the budget and adds value in the long run.
Three Places to Spend Money on the Exterior of Your Home
When you have the exterior of your home remodeled, you are investing, time, energy and convenience into the project and you want to make sure that...
When to Use a Brush, Roller or Sponge Brush
Brushes are a good choice for painting trim and woodwork. They are also useful for cutting in the edges around the top and bottom edges and corners...
Homemade Headboards-Make an Upholstered or Wooden Headboard
Homemade headboards can add a lot of personality to any bedroom. They can be coordinated with existing furniture and room decor or they can be the...
Creating a Cottage Kitchen with Bead Board
Kitchen decor can range from modern and bold to elegant and elaborate by using strategic kitchen pieces. One of the most popular decorating trends...
Gas Fireplace Diagnostics and Troubleshooting
Follow these steps for diagnosing and troubleshooting Gas Fireplaces repairs. For the average DIYer, this may seem intimidating, depending on the...
Navigating Singapore's Property Regulations: A Guide for Foreign Investors
Singapores property market has been attracting foreign investors for many years, thanks to its stable economy, strong legal system, and transparent...
on Mar 22, 2023
What Truck Size Do I Need to Move a 3-Bedroom House
Moving to a new home can be a complex and stressful process, but with the help of the right truck size, you can make it a smooth and seamless...
on Feb 13, 2023
Five Tips to Take Better Care of Your Basement Insulation
Basement waterproofing is an essential part of home maintenance, as it helps to protect the basement from moisture, flooding, and other...
on Feb 12, 2023
Homeowner In The UK? Here's Why You Need to Know about Rainwater Drainage Systems
In the United Kingdom, there is an average of around 1,200 millimeters of rainfall annually. Keeping rainwater out of your home and away from your...
on Feb 2, 2023
What are the Advantages of a Metal Roof
Metal roofing is durable and beautiful, allowing a home to stand out from others with conventional tiled roofs. A metal coating can last a...
on Feb 1, 2023
What Type of Licensed Contractor Should You Hire?
on Feb 28, 2017
Hire Contractors / Estimates
Looking for a specialty project? There are many types of contractors available for your home improvement needs. Finding the right type of...
Real Estate Investment for the Next Generation
on Oct 18, 2022
Real Estate / Finance
Investing in real estate is something that people have been doing for a long time. Most people invest in a home, so they can stay at the home. This...
Real Estate Investment for Future Generations
on Mar 14, 2022
Real Estate / Finance
Purchasing a home is not simply a financial commitment. It is also an excellent way to start accumulating your wealth. Your home is also a...
Can I Sell My House with a Leaky Roof?
on Oct 28, 2021
Real Estate / Finance
The answer to this query is YES. It is possible to sell a house with a leaking roof, but it's always essential to evaluate some factors before...
- Garden / Landscaping / Patio — 260
- Kitchen / Bathrooms — 239
- Real Estate / Finance — 195
- Appliance / Repair — 185
- Interior Design / Decor — 183
- HVAC / Air Conditioning — 147
- Cleaning / Maintenance — 143
- Improvements / Remodeling — 131
- Plumbing / Basements — 118
- Floors / Tile / Hardwood — 115
- Doors / Garages — 113
- Safety / Security — 112
More DIY Articles
Go for a Green Garage
When considering a new garage, many aspects must be evaluated: cost, material, functionality and even environmental impact. You can check out a few...
Top Tips to Avoid Common Oven Problems
A broken oven can lead to heartbreak. Our ovens can suffer from a wide range of problems if they are not maintained and regularly serviced....
Key Things to Know About Securing a Home When Moving Abroad
If you r\are planning to make the big leap and move abroad, you will very likely feel excited and daunted at the same time. It is never an easy...
Instant Hot Water Comes with Style
RIP to the kettle. You have had a good life but there are much better devices out there now which can give you hot water at the touch of the...
How to Reinforce Home Security with Telephone Entry Systems
Security matters are vital. Though, we are often skeptical to new age intercom systems and ignore their great value to our daily convenience but...