Your home’s value may feel out of your hands when it comes to location or size, but generally, there’s a lot you can do to add value to your property! Beyond where your home is or how big it is, there are some changes you can make that when combined, will add tens or hundreds of thousands of dollars to your home’s value. Here are 3 simple things you can do to increase property values.
How to Increase Property Values
You might not need a lot of investment or to take out a big loan for home renovations in order to increase property values. Here are some tips on how you can add value to your home, in case you need to sell it.
Replace Out of Date Siding or Roofing
If you’re stuck on the question ‘what is my home worth?’ you’re not alone! There are some parts of a home that can tank the value of your property by huge amounts, even though they seem like a detail you’d overlook.
The average siding on a home only lasts between twenty to thirty years, depending on the material. Swapping for new siding or a brick facade will give your home an entirely new look and can add tens of thousands of dollars to your property’s value.
On that note, if your roof is older, it’s a good idea to get it replaced by a company like Knox Roofing: Roof Replacement in Meridian before setting it up for sale, since no buyer wants to buy a property where they’ll immediately have to update the roof. Updating the roof will give you many benefits, from keeping the house warmer, to making sure there is no water damage. Replacing it can add over fifteen thousand dollars to the value of your home.
Update Your Curb Appeal for Cheap
How does your home look from the outside? Although you may think it’s enough to simply mow your grass and hose down your porch, this isn’t going to solve a lot of the problems.
Instead, there are a few steps you can take.
Start by renting a power washer to hose down your siding, any exposed brick, your porch, and your sidewalk and driveway. From here, edge your grass back so that it’s flush against your lawn instead of intruding upon the concrete.
Take the time to prune and shape any shrubs or bushes, and take care of any smaller plants that need to be shaped. After this, consider painting your porch so that it’s fresh, and put in some new and local plants that will do well in your soil.
Stage Your Home When You’re Selling
Before buyers can even start looking at a house payment calculator for your home: you need to make your property enticing to them. Home staging is one of the best ways to ensure that buyers will be able to walk in, feel at home, and will want to make a purchase as soon as possible.
Not only do staged homes sell for higher amounts of money than their unstaged counterparts, but they also generally sell within one to two weeks, faster than the national average. A good thing to remember when staging is to avoid adding any personal touches or pictures of our family and to make the furniture guide people through the home in a clever layout.
Every Property Can Gain Value When Planned Out
If you take the time to know where to focus your energy and investments: you can build value into any part of your property. Simply make sure never to invest more than 20% of your home’s value in any one room, and you’ll see your money return in droves!