The housing market is in an unstable place right now. Smart homeowners are looking to upgrade their current home rather than try to move somewhere else. Until the market stabilizes, it may be best to increase the value of your property now rather than to move out and seek someplace nicer. We are going to show you a few ways that you can do just that.
Increase the value of your property
Change up your layout
This is one of the cheapest ways to get more space in your home. All you need is to just change the way your furniture, walls and supports are arranged. Some of the dividing walls (partition walls) can be easily removed to make your living areas more spacious. You may also be able to add a wall to a large room to create an additional bedroom or bathroom. That is going to be a great selling point later. Boasting of an extra bathroom or bedroom can attract larger families.
Keep your house clean
Your home will be far more appealing and retain its value better if you can fix up some of the things that are broken and in need of repair.
Your floors and carpets may need refreshing as well. Bringing in a professional cleaner to take care of your carpets can breathe new life into them and make them feel like new again. That’s also going to make them last longer. It also wouldn’t hurt to have your carpets professionally cleaned at least once a year.
Other parts of the house, such as your basement or attic, could also do with some regular cleaning or fixing up to add value to your home. You may find some leaks or water deposits that need to be taken care of. Catching these problems early can save you a lot of money later.
Build an Extension
The most obvious way to increase the value of your property is to add onto it. Extensions can be expensive, but they will make your home roomier, offer some new opportunities to arrange the house and add some value to your property. A well-executed extension can offer tons of benefits for your house and make it far more appealing for interested buyers. Just make sure that the work you put into it pays off. Meaning you are getting as much value from your extension as you are putting money and time onto it. Also, be prepared to give up whatever section of the house is connected while the extension is being built.
Remodel a Room
Sometimes, one of the rooms in your home could do with a facelift. Whether it is a kitchen that needs new appliances, a bathroom that is looking worn or a living room that doesn’t have that modern sparkle anymore, a remodel can make a world of difference in your home and it doesn’t have to cost a lot.
Fix up the Front
The best way to entice potential buyers to come in and look at your home is to make it look appealing from the outside. So, the front of your home should be where you spend a lot of your time and effort. Applying a fresh coat of paint to the front, fixing any problems such as your gutters that are evident from the road and generally working to make a great first impression can ensure your home gets visitors.