5 Professional Ways To Increase Your Home's Value
November 29, 2021Selling your home is an exciting (and at times exhausting) endeavor, and now is as great a time to put your house on the market as any. A home is many people's most valuable asset, and if you're anything like most homeowners, you'll want to know how to increase the monetary value of that asset before listing it for sale. Well, you're in luck. Below, the team with our title agency outlines five tried-and-tested strategies for increasing a home's value.
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Renovate The InteriorRenovating and remodeling a room or two around your home can significantly improve the value of your house. For example, a minor kitchen remodel in which you add modern appliances, refinished cabinets, and updated flooring can greatly improve the appeal of your home. In fact, it's an old real estate adage that the kitchen is the room that sells the house. If your kitchen is already updated, consider renovating your master bedroom or bathroom.
Improve Curb AppealWhen selling your home, first appearances are incredibly valuable, so never underestimate the importance of a well-manicured lawn. Beautifying your home's front yard by adding visual flourishes such as shrubbery, flowers, potted plants, and accent furniture can significantly improve your property's value and marketability. Additionally, adding a fire pit or in-ground pool to your home's backyard has been shown to benefit a home's value.
Make Your Home More EfficientThe addition of energy-saving features can have a profound impact on the value of your home, as they present potential buyers with the appealing opportunity to save money in the future. Consider investing in double-paned windows, improved attic insulation, LED lighting, and energy-efficient appliances to make your home more valuable to buyers.
Increase Square FootageGenerally, the more square footage a house has, the more it will sell for. For example, a bedroom or bathroom addition can make your home considerably more appealing to families and greatly increase its value. Additionally, a garage addition can recoup a significant return on investment.
Incorporate Smart TechnologySmart technology can make your home more sophisticated and convenient to live in, as well as add to a home's overall value. In fact, home appraisers make adjustments when comparing tech-enabled households with tech-deficient households. Consider incorporating smart technology such as smart locks, smart refrigerators, smart HVAC systems, and more to improve the value of your home.
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