Buying a house is one of the biggest investments you can make in your life. Several factors such as the popularity of the location and development of the neighbourhood influences the value of a property. These factors are out of your control, but you can take certain measures to boost your home’s value over time as a homeowner. Take a look.
1. Revamp Outdoors
The driveway, front porch, and overall exterior of a house play a significant role in creating a good first impression. If your house looks unappealing or uninviting, potential buyers won’t be eager to check out the interiors.
The landscaping should be in top shape. If you lack the skills, it would be best to let a professional take over. You should also pressure wash your driveway on a regular basis.
2. Remodel Bathroom
An outdated bathroom can limit the potential of your home. Updating bathroom fixtures and adding modern features such as heated flooring, better lighting, and sleek cabinets can add to your home’s value.
3. Renovate Kitchen
Similar to bathrooms, renovating your kitchen is a smart investment. From installing new appliances, to high-quality countertops, every improvement will help your home reach its full potential.
Renovating bathrooms and kitchens is a time-consuming and expensive process, but this can be done at your own pace. Continue to update your home when you have the budget and time.
4. Enhance Energy Efficiency
Modern home buyers care about sustainability and energy efficiency. Not only is it necessary to lower your carbon footprint, but it also ensures greater energy savings – and who doesn’t want that?
Even if you are on a tight budget, you can make your home more energy-efficient by replacing outdated light bulbs with LEDs. Double glazing your windows and improving insulation are some other ways to prevent energy loss.
Also, have you considered comparing various energy plans and switching to the cheapest electricity in NSW based on a panel of providers. Boosting value to create cashflow can also be achieved by making savings, so compare energy to save.
5. Make Maintenance Easy
Homebuyers are often hesitant to buy a house that requires major repairs. If you want to get a good deal, consider undertaking major repairs to make maintenance easier for future owners.
6. Add an Extension
Increasing the square footage of your home is one of the most effective ways to boost the property value. You can add an extra room, build a garage or convert the attic into a spare room. This is a great option if you have a growing family.
7. Conserve Water
Apart from electricity, it’s crucial to conserve water. You can achieve this by replacing inefficient bathroom ware with low-flow alternatives.
8. Improve Indoor Air Quality
Take various steps to ensure good indoor air quality, which is important for the health of your family and future homeowners. Firstly, you should exclusively use non-toxic paint, free from VOCs for your house. It’s also a smart idea to get carpets and other upholstery deep cleaned in a timely manner.
9. Upgrade Interior Decor
Peeling wallpaper and stained carpets undermine the visual appeal of a house. Making these simple upgrades can completely transform the look of your home. Even applying a fresh coat of paint or new wallpaper is something you can easily attempt on your own.
10. Install Smart Technology
In today’s digital world, smart homes are all the rage. From programmable thermostats and motion sensor lights to security cameras, you can install a variety of technology for your own comfort and privacy. Upgrading technology is a reliable way to boost home valuation.
If you’re planning to sell your home in the future, making the aforementioned improvements will assist you in selling at the best price. As far as the present is concerned, these changes play a key role in creating a comfortable and cost-effective home.