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Are you a current homeowner and wondering what you can do to improve your home’s market value? You came to the right place!. Buying a home is more than an emotional decision but a financial obligation. Therefore, everyone would like to see the real value of their money in the home they are buying.
There are various factors that will influence the value of your home value. This article will help you understand some proven ways to increase your home value.
1. Remodel Your Kitchen
Do you know that many home purchasers place greater consideration on the kitchen? As a result, the state of your kitchen can affect the money you can get when making a home sale. Similarly, you will not be optimizing the space if you cannot fully use your kitchen because of its layout, size, or other factors.
If modernizing your entire kitchen is too large of a project for you to take on, a more modest renovation, such as color-coordinating your home’s appliances or upgrading the hardware on your cabinetry, could still increase the value of your property.
Talk to a real estate agent about what creates the most logic and what will get the most money from potential purchasers so that you can make an informed decision.
2. Update Your Bathrooms
Most people enjoy their moments in the bathroom, right? Ensuring that your bathroom is updated with modern appliances and designs is the best investment you can make for your home.
There are various factors that are important to consider in improving your bathroom, such as wall painting, installing shower backsplashes, changing light fixtures, cleaning old hardware, replacing the showerhead, etc.
3. Transform An Extra Space
Is there an extra space in your home that is un-utilized? This can be an important space in improving your home value. However, the greatest question is how to transform an extra space for a higher value. You can design a playroom, guest room, home office, additional living room, etc., in any extra space available in your home.
4. Renovate Your Home’s Finishings
Relatively superficial modifications might have a greater impression on buyers than extensive upgrades. Given the low expense of this improvement, many real estate professionals praise the transformative power of a fresh coat of paint.
According to some experts, a new coat of paint can improve the value of your property by as much as 5 percent. Other modest improvements, such as replacing old light bulbs and the front door, can also increase the value of your home.
5. Improve The Curb Appeal
Enhancing your home’s curb appeal can significantly impact its value. This can be accomplished in several ways, from power washing your driveway to having someone else cut your grass and wash your windows.
According to the findings of a study that was conducted in 2020 jointly by the University of Texas at Arlington and the University of Alabama, the perceived value of a home can be affected by its curb appeal to the extent of as much as 7 percent.
Conclusion
Are you looking for more ways to increase your home value? I’d love to be your local resource! Feel free to reach out to me for more information on increasing your home’s value. If you’re thinking of buying a new home soon, check out the Top neighborhoods in Hingham.
