We all love a good house. It gives us and our family a roof to sleep under. It’s also a timeless asset that can be passed down for generations. However, looking through a more financial lens, many investors look at home ownership as a liability. While it definitely boasts a high net worth, it’s a liquid asset that most likely yields no money.
That said, with a few tweaks and improvements, it’s possible to increase the resale value of your home when the time comes. This can turn an otherwise unappealing home into something that can easily attract buyers and be sold for a higher price. The best part is that you don’t have to spend an arm and a leg to increase your home’s value. Here are five easy ideas that you can do to maximise the value of your home.
1) Improve Your Curb Appeal
Is your front yard unkempt and overgrown? Is your mailbox rusty and in dire need of a new paint job? Is the paint on your front door all scratched up?
If you answered yes to any of these questions (or, worse, all of them), then you’ll need to step up your curb game and make it a priority to freshen up your front yard. First impressions matter, and if a potential buyer sees an unappealing home entryway—it could be the difference between getting a sale or losing out on them.
To start, work on cleaning the walkway by power hosing it. You can also beautify your garden by pruning overgrown grass, adding some shrubs, and decorating your lawn with planters with flowers to give it a more inviting feel. Besides the natural decorative elements, fix your fixtures too. Paint your mailbox and front door to give them a much-needed facelift. If you have a bare space in your lawn and want to start a DIY project, you can even build a shed or outdoor kitchen using timber wood from Agora Marketplace to introduce some neat amenities to your home.
2) Get A New Paint Job
Is your home’s current paint job starting to show signs of wear? If so, a fresh coat of paint can work wonders for both your home’s interior and exterior. Getting a paint job done is one of the most cost-effective ways to make your home feel brand new. If the current wall colours leave a lot to be desired, then sprucing it with something new can give your home an entirely new aura.
You don’t have to give your entire house a paint makeover. Even just a few key areas like the living room and facade could be enough to stage a good impression. That said, you’ll want to pick good paint colours that complement your current furniture, so be sure to research paint colour options before purchasing your buckets of paint.
3) Install Smart Home Devices
The world of tech is moving at a breakneck pace. And while some may view technology as limited to tasks within a computer or smartphone, it’s absolutely possible (and easy) to make the most out of technology for daily home living. Nowadays, smart home devices such as thermostats, lighting, and security systems can be easily controlled from your phone, making them a convenient addition to your home. Not only do they make your home life easier, but they also can give more compelling reasons for homeowners to claim your property.
Furthermore, investing in smart home devices improves the modernity of your home exponentially. For example, installing a doorbell with a camera and speaker can provide a great way for homeowners to see who’s at the door and respond accordingly. A garage door that opens by pressing an app on your smartphone is also an attractive feature for modern home buyers. Even just a few additions can do a whole lot of good, so be sure to research and choose devices that you’d believe would be of use to future homeowners.
4) Tune-Up Key Areas
While renovating key sections of your home is a surefire way to raise its value, you’d want to lift the less-than-stellar portions of your house first. For instance, if your attic’s light bulb is broken, get to fixing that first. If the toilet’s flush is malfunctioning, you’d want to fix these areas before investing in a full-scale kitchen revamp. The fact of the matter is that simple home upgrades can go a long way. Start with small things that need fixing before undertaking large-scale renovations. Your magnificent curb won’t do your home justice to prospective buyers if simple things like malfunctioning toilets aren’t properly dealt with.
5) Go On A Deep Cleanse
Cleaning your home is a simple but ridiculously easy way to set your house up for success. We’re not just talking about vacuuming the carpets—you’d want to undergo a deep cleanse to ensure areas of your home look picture-ready. By undertaking a deep cleanse, you’re essentially communicating to buyers that you take great care of your home. This can translate to better leverage for your home’s value, which ultimately means more potential cash in your pocket.
Deep cleansing is a days-long activity. You’ll have to declutter your belongings, wipe off areas you’ve never been to for years, and spruce up areas with high foot traffic. But by doing this, you’re essentially giving your home the facelift it deserves. If you don’t want to deal with this yourself, hiring a professional cleaner can be a potent substitute. The cost of hiring a professional cleaner is relatively tiny compared to the potential returns come selling time. Plus, you don’t have to trouble yourself with all the kinks that come with cleaning the mess around your home. Win-win!