Over the past couple of years, the housing market has been up and down like a rocket headed for outer space. No matter what state you’re in, chances are that your property has been affected by the unstable housing market, and while it’s been a seller’s market for a while, the upper hand could soon fall to the buyer.
When it’s a buyers’ market, it’s crucial that you keep adding to the value of your home in order to stay on top of the market. Spotted a neighbor doing some renovations? When it comes to keeping your home up to date, it’s best to make continuous improvements so that a large cost is not incurred when it comes to the time when you want to sell.
Below, we’ll go through a step-by-step guide on how to increase the value of your home in simple yet powerful steps that anyone can do.
What is meant by the value of your home?
The value of your home is what a buyer is willing to pay for the property and the amount the seller is willing to accept. The given value of your property can increase and decrease due to a number of factors, including the state of your home, economic factors, geographical events, or regional conditions such as great local amenities.
How to increase the value of your home
Increasing the value of your home can seem overwhelming if there’s a lot to do, you are pushed for time, or you have a small budget. However, by completing some simple steps often, your property will be the star of your street in no time. Another note regarding the value of your property, make sure to maintain the property and ensure it is in good condition. Don’t let the condition of the property decrease.
Let’s take a look at some simple ways below…
Add a garage
Statistics show that adding a garage can significantly boost the value of your home, depending on the neighborhood you live in. Garages are most beneficial in suburban areas where parking is harder to come by and safety is a concern for your vehicle. If you’re thinking of adding one to your property, you could be spending around $10,000 for a single garage or as much as $27,000 for a double garage.
If you would like to add a 2 car garage but don’t quite have the funds, consider a detached garage kit that is made out of metal as an alternate option. Not only can they be customized to your needs, but they are simple to install and much cheaper than adding an attached garage to your home.
Improve the curb appeal
First impressions count when it comes to selling your home, in which you need to work hard for your online listing to even be viewed before you have potential buyers walking through the door. Some simple ways to do this include:
- Improve your grass by installing sprinklers and putting weed killer down
- Get your sliding cleaned
- Paint the front door
- Add shrubs to your front yard
- Hide away trash cans
The simple task of mowing your lawn can drastically increase the visual appeal of your property and will ensure your house does not stand out as an eye-sore in your neighborhood. It is stated that over 80% of Americans have lawns and in 2017 an estimated 40% of Americans had hired professionals maintaining them. It is a simple task that makes a drastic change to your property.
Improve your kitchen
The kitchen is the heart of the home in most cultures across the world, in which a modern kitchen can work wonders for the value of your home. If you don’t want to spend $$$ on a new kitchen, consider painting the cabinets a brighter shade and adding new door handles.
Another thing which significantly increases the value of your home is replacing old white appliances with new silver ones. Consider getting gas installed for a gas hob and a fan oven over an electric one. This will not only add value to your property, but it will also help protect the kitchen from damp and damage caused by steam when cooking.
Lighting
Lighting can dramatically change the atmosphere in your home. Be sure to only use warm white light bulbs and consider adding more ceiling lights or wall lights around your home. A nice bright and well-lit home is much more attractive than having dark and dimly lit parts of your home.
Overall, the property market can go up and down significantly in a short space of time. However, by taking on board the above tips, you’ll be prepared for anything the market throws at you.
