Uploaded on Jun 14, 2023
The real estate market is extremely competitive. Here’s how to increase your home’s value and make sure it stays attractive to potential buyers and tenants. Learn more at https://levelfinancing.com/how-to-increase-your-homes-value/
Here's How to Increase Your Home's Value
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The real estate market is a very competitive
environment. Whether you have bought a property
while living there or simply as an investment, it’s
always wise to take proactive measures to preserve
or increase its value over time. Not doing so may
expose you to the risk of losing money when it’s time
to sell or rent.
In this article, you will find some great tips on how to
increase your home’s value and attract more
potential buyers and renters.
Making your home more energy efficient can lower
utility bills, thus making your property less expensive
to manage. This can be a crucial factor in attracting
potential buyers and tenants. Here are some practical
ways you can make your home more energy efficient:
installing LED lighting;
installing energy-efficient appliances;
sealing any air leaks in your windows and door.
All other factors being equal, the more usable square
footage in your home, the higher its market value will
be. Here’s how you can achieve this result:
converting the basement into a livable
space; building an addition to the property;
adding an outdoor living area or patio.
Renovating the bathrooms and kitchen is another excellent
way to increase your home’s value. These are two
essential rooms in any home, so it pays to invest in
improving them.
Bathroom renovations include adding steam showers,
modern fixtures, and updating tilework, while kitchen
renovations can include new countertops, cabinets,
and appliances.
The more modern and comfortable your bathroom and
kitchen will be, the more attractive your property will be
to buyers and renters.
Giving your walls a fresh coat of paint can do miracles
in increasing the attractiveness of your home. A bright,
neutral color palette will appeal to most buyers and
give your property the new lease on life it needs.
Make sure the paint you choose is of high quality.
Painting your home will also help protect the walls from
any future damage, making it easier to keep your home
looking neat and inviting.
Access control solutions can make your property safer,
which is a big plus when it comes to market value.
Such solutions include smart locks and video
doorbells.
You can also install access control devices that can be
controlled remotely. For example, you can use a smart
doorlock to grant access to rental guests, which is
beneficial if you plan to use your property as short-
term rental.
Another way you can make your house safe is by
installing smoke and carbon monoxide detectors. These
life-saving devices can alert you of any potential
danger and protect your property from costly
damages.
Installing these detectors is also a requirement in
many jurisdictions, so it’s wise to make sure you
comply with these regulations.
Smart alarms can alert you or the authorities of any
suspicious activity. This can be a great way to deter
potential break-ins and give your house the extra layer
of protection it needs.
Smart alarms also come with additional features, such
as motion sensors and cameras, that can help you
keep an eye on your property from afar.
Insulation upgrades are another great way to
make your home more attractive and energy-
efficient by saving money on utility bills. Some
of the most effective insulation upgrades
include:
adding insulation to the attic;
installing energy-efficient
windows;
sealing air leaks in doors and
windows; wrapping ductwork.
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