Tips to increase the resale value of your home
A home is sometimes seen as a little part of the world made just for you and your family, and even though this sentimental view is essentially true, your home is also the biggest investment and the most important financial decision you’ll make in years. As is the case with any other investment, the goal is to sell at a higher value and this can be done with a home as well.
When making these changes it’s important to have in mind what the potential buyer would want and what would make their life in the home more comfortable and pleasant.
A backyard that seems messy and disorganized can really drive the buyers away. It makes the yard appears like there’s a lot of work to do about it and it also might seem smaller than it actually is. All of this is easy to avoid just by keeping your yard clean and maintained.
At the same time, if the yard is neat, it may be easier to sell because it allows the buyer to imagine what they can do with the yard and how they can change and improve it.
A swimming pool
Adding a swimming pool to your yard might seem like an expensive move. However, the price of the pool mostly depends on the materials that you would use. For instance, installing a concrete pool is an option within the reach of an average family.
When you’re making the sale, you should inform the buyer about the additional costs that having a swimming pool might entail. The biggest part of this is maintenance, but if it’s done regularly and according to the rules, it won’t affect their family budget that much.
Natural light gives a different, warmer and more inviting feel to your home and especially to your living room in which most of your time will be spent. As it often happens, this room is at the center of the home and that means that it doesn’t have enough windows.
Adding natural light can therefore greatly improve your home and make it more marketable and easier to sell. The best way to do so is to add skylights or to install a new window on your roof. It’s a large project but it makes the whole home more functional.
Basements and attics
Simply put, more space equals more value. The most underused spaces in the home are basements and attics. Try to utilise these spaces and sell them as a feature of your home. For both of these rooms, the main issue is to simply make them useable and to be sure that they are not damp and poorly lit.
This will allow the buyer to modify these rooms for their own needs and the purpose they assign to it. A basement could be turned into an extra room with some small modifications, and the attic could be used for storage.
In the end, repairs and maintenance should be done before you present your home. If the home has a lot of small problems, it might appear like it’s too much of a hassle for the potential buyer. Take the time to prepare the home for inspection before inviting anyone over.
Start by calling an electrician and a plumber to go through the home with you and figure out what needs to be looked after. For the most part, it will be a few small repairs in the kitchen and the bathroom.
Increasing the value of your home doesn’t have to be expensive. All you need to do is to put yourself in the shoes of a potential buyer.