For most homeowners, one of the most valuable investments is their home. Even if you do not plan to live in your home for the rest of your life, most families will stay on the same property for an average of eight years. For that reason, many homeowners want to increase their property value but don’t know how to go about doing that.
Fortunately, there are many projects homeowners can undertake to increase their home’s value without breaking the bank. In this blog post, we discuss five easy ways to give your property value a boost. So, whether you’re looking to sell in the near future or just want to get more out of your investment, read on for some great tips!
Property Value Tip #1: Declutter Your Home
You would be surprised how much of an impact cleaning your home can make. One of the first things I suggest for homeowners looking to sell their homes is to get out the duster.
Potential buyers want to see a home that is spick and span and move-in ready. The last thing they want to think about is cleaning up after they’ve gone through the arduous process of moving in all of their things.
By making it easier for your prospective buyers to see themselves in your home, you will see a great boost to your property value.
Property Value Tip #2: Get Out The Paint Cans
If you have lived in a home for a while, it is natural for there to be some scuffing and paint chips. But this tip goes a step further than that.
Whether you’re investing in the long term or putting your home on the market, you will want to paint your walls with a neutral tone. Timothy Wiedman, a personal finance expert who has flipped many homes over the course of his career, suggests repainting rooms that have “odd” color schemes first.
Giving your home a more modern color palette can considerably improve your property value. You would be surprised how much a couple coats of paint can recontextualize a space.
Property Value Tip #3: Update Your Kitchen Cabinets
Aside from the living room and bedroom, people spend a lot of time in the kitchen, and for many households, having a modernized kitchen can make a huge difference.
Unfortunately, revamping the countertops, refrigerator and oven can be expensive. After you’ve gone over the walls with a fresh coat of paint, turn your attention to your kitchen cabinets. Changing the doors and replacing any coating on the inside can have a colossal impact on the feel of your room. And if there is anything I’ve learned in my years as a real estate agent, it is that a kitchen can sell a home.
So, take a look at your kitchen cabinets. You might find a property value boosting project within easy reach.
Property Value Tip #4: Landscape Your Yard
We’ve mentioned in a previous article the importance of a captivating landscape. Suffice it to say, the state of your front lawn is the first thing a potential buyer is going to notice about your home.
If you want to improve your property value, you need to consider your curb appeal. Water your grass regularly and take time to mow your lawn. This regular maintenance can have a major impact on what people think about your home as they drive up.
Property Value Tip #5: Replace Old Appliances
This last tip is more long-term focused. Whether you have a fridge that looks like it’s from the 50s or a dishwasher that has seen better days, it is a good idea to start setting aside money for those replacements.
The best part about setting yourself up for these home improvements in advance is that it only takes a small amount of money each month. So, if you plan to live in your home for the next few years, examine which appliances should be replaced.
Having up-to-date appliances can do a lot for your property value, so make sure to start thinking about these updates before your house is on the market.
Final Thoughts
If you can see yourself selling your home in the next couple of years, now is the time to start investing in your property value. If you are looking for more information on getting the most from your home, please contact me to discuss your options. You can send me note on my contact page or give me a call at 914-447-4847.