One of the reasons that many people shy away from home improvement is that it…
8 Affordable Ways to Increase Your Property’s Value
The tips below are relatively simplistic and won’t cost you a lot (depending on the size of your property), at the same time giving you 100% returns and add more value to your home.
1. Plant Trees
Trees are perhaps the most overlooked asset of a property. They increase the chance of your house selling not only for the well-landscaped yard with mature trees and bushes and the physical appeal that it brings, but also the privacy they provide on the front yard.
Perhaps the only drawback to trees is time. The average backyard plant takes up to 7 years to grow, with plants like oaks taking around 12 years to reach a 15-foot height, and it doesn’t have to wholly developed? Keep in mind that they increase the value of a home up by as much as 25%!
If you aren’t planning on selling today, buy some seeds and get some trees growing in your yard.
Pro tip: If you plan on planting the trees yourself, get advice from a local gardening shop first so you don’t end up planting in the wrong locations. Overgrown plants that cover the windows of a house or trees with roots that buckle a driveway will, in fact, decrease property value.
2. Paint the Exterior
The science behind it is pretty simple. Most people prefer a clean-looking, brand new home that looks like nobody lived there before, and a fresh coat of paint achieves just that, effectively adding thousands of dollars on top of your home’s value. When selecting paint colors, bear I mind that neutral to light colors appeal to the highest number of people.
A bucket of paint costs as little as $25, and if you aren’t willing to do it on your own, you could hire a painter for $1.5 to $2.5 per square foot, and you are good to go!
3. Upgrade the Kitchen
The kitchen is arguably an essential room in the home, and many buyers will impulsively head there the first time they step into the house, so make sure your kitchen is spruced up and reasonably updated.
Replace the old equipment with newer, more up to date ones that won’t look old-fashioned in just ten years. Replace the kitchen sink, create an easy-to-navigate kitchen by ensuring access to the kitchen sink, fridge, and cooker (the kitchen triangle). If your budget is considerably larger than a few hundred bucks, give the cabinets a makeover – hire a refacing company or order your replacement cabinet doors and door fronts from retailers and install them yourself.
4. Basic Care and Maintenance
Before you get to the kitchen, though, you should probably address the basics. Repair leaking pipes, replace leaking windows, fix the roof, and weed the flower bed. The little things matter the most when it comes to selling your house.
The most moneywise investment could also be the difference between a sale and a lack thereof. The entire overall condition of your house matters the most it will sell faster if your home is in good condition.
4. Curb Appeal
Your home should look attractive, welcoming, and structurally sound at first glance. Trees are a definite way to achieve this, but not even that alone is enough.
Give your front door a fresh new look and add an awning for shelter against the sun and rain. A nicely manicured lawn with well-defined landscaping will help achieve both higher rent and quicker sales — both of which can make the value climb.
5. Interior Flooring
For an estimated average investment of $700, the return value comes in at up to $2000 for materials spent on getting new floor materials, but you could spend far less. A home’s’ floors should be contemporary, clean, and stylish.
Old, musty carpeting will not do the value of your home any favors. Hardwood floors are perennially popular and the easiest to care for, but a brand new clean, high-quality carpet can also be quite attractive and create a warm atmosphere.
Be sure to fix any flaws in your flooring and be prepared to replace carpets if they are ancient.
6. The Bathroom
A lot of work goes on in the bathroom, and it is easily susceptible to wear and tear. You should get an upgrade on it before selling the house.
- Work with granite. It adds a particular flourish and appeal, giving the whole room an overall relaxed feeling.
- Nix, the overhead lighting in favor of wall, mounts to add warmth and value to your bathroom. Make sure that around your mirror, you have even lighting with no side shadows.
- Install a shower with body sprays and stone surround tile, with an eventual 85% return.
- Always keep it clean since dirt and grime can embed easily in bathroom surfaces.
7. Hire a Certified Home Inspector
If you are going to put your house up for sale anytime soon, get an inspector before you put your home on the market. He will outline all the things that will potentially reduce the value of the house, and you could then fix them all. If it turns out well, buyers most likely won’t ask for expensive fixes and concessions.
8. Add an Outdoor Patio Cover
If you’re looking to improve the chances of your house selling, add an outdoor patio cover. They come with numerous benefits and are a decisive tie-breaker if a neighbor’s house is also for sale. Most buyers admit they are willing to pay an extra thousand dollars or so just for the new beauty it provides. Make sure to put out lots of beautiful flowers once you get the cover on. Flowers will add an extra fresh touch to the appeal of your home. Get a free quote on a patio cover!
You can add value to your property quite quickly, unlike what most people think, and whereas you can pour thousands of dollars and get definite returns, there are also more straightforward methods of achieving the same result with a substantially less amount of money.
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