No matter how much we love our home, there is generally a time most of us will need to join the millions who sell their homes. Your reason for selling may differ from another person, but your goal is likely the same. That goal is to likely get as much money as possible for your home as it is one of your biggest investments.
However, if you ask for an unfair amount, your home will sit on the market for months or even years. The home-selling process is long and tedious enough as it is, so having your home sit on the market for so long can make it even worse, which will affect its investment value.
Instead, you need to raise the value of your home in order to fetch a larger sale price. But how do you go about that? If that is something on your mind, then you’re in luck. Without any further ado, let’s go over a couple of different ways you can raise the value of your home.
Ensure it Offers Great Security
When people are buying a home, they want it to feel safe and secure. Our home is the one place we can go and not have a worry in the world. The last thing people want to do is worry if their home is secure enough. As a result, showing off how safe and secure your home is can go a long way in increasing it’s value. It should be free of weak points, have high-quality locks, thicker glass in the windows and other additions that can protect against potential crime.
Even additions like security cameras, an alarm system or even a window alarm or two can go a long way in making people feel confident about buying your home. In addition to these security add-ons being an investment for when you eventually sell, they can also ensure you and your family are safe and secure in the meantime.
Make the Right Renovations
An obvious and straightforward way to increase the value of your home is to perform some renovations. If the home is updated in some way, you should be able to ask a higher price for it. Anything from a huge multi-room renovation, to fixing up part of a single room, can play a role in raising the value.
However, not all renovations will pay off. Some will add value while others won’t do much for increasing how much you’ll get in a sale. Perform some research on which renovations are the best, and what people in your area are looking for. Things like a kitchen or bathroom renovation are often pretty safe when it comes to raising value, however.
Ensure it is Energy Efficient
In the modern day, more people care about energy efficiency than ever before. People want to do their part to help our environment, and this often starts at home. By having energy-efficient appliances that use less water, power and energy, people can not only help save the environment, but also save some cash, too.
However, energy efficiency doesn’t stop at the appliances. There are plenty of other things you can quickly and easily do to improve how efficient your home is. This includes making sure all doors don’t have any cracks or leaks to let in the air, and checking the windows for drafts as well. Doing this, and sealing any leaks you find, can help reduce how much the A/C and furnace need to be used.
Don’t Forget About Outdoor Space
While many people will focus on making indoor changes to increase home value, the outdoor additions can matter just as much. Adding a new fence, adding some gorgeous landscaping or even just tidying up the yard can all help fetch a higher price. Many people spend a lot of time outdoors, so make sure your space looks as great as possible, while remaining functional.
Also, in addition to the yard, it is important to remember curb appeal. First impressions matter, so having a great and welcoming entry to the home is important. Ensure your front path is clean and attractive, and the front of the home is in good shape.
Add Space and Storage Where You Can
People often have a ton of “stuff” in the modern day. As a result, we all need a lot of space to store all of this stuff. Because of this, it is a good idea to add as much space or storage to your home that you can. People often want to purchase a home with enough space and storage to grow into. If your home is limited in this regard, fetching a large amount during a sale can be difficult.
Of course, adding additional rooms or knocking out large walls can get more space. However, this can also be expensive and tedious. Thankfully, there are many other ways you can add storage in your home. Adding some built-in shelves in the wall, upgrading your cabinets, customizing cupboards and making the closets larger are just a few of the many ways you can often add value by adding more space.
In conclusion, these 5 tips and ways to raise your home’s value are sure to get you a higher price when you eventually decide to sell your home.