Owning a home is a two-sided coin. On one side you have the pride of owning your property. On the other side, you have the benefits of Return on Investments that you get once you put our home for sale. Hence, a smart home-owner ensures that their home builds enough wealth through equity.
A 2019 Realty-based Research showed that homes that worked to increase their value yielded up to 60% more ROI. Although there is no way to determine the definite value of your home as it depends on a plethora of external factors like your neighbourhood, the infrastructure around and so on. But increasing the value of your home internally works a great deal.
Wondering how to increase the value of your home for sale? Here are options that can help you cruise through selling processes.
If you are someone who loves home decor, we have some great news or you! Adding a dash of beauty and attraction works a long way. Beautiful homes make it to the top of the pyramid of home-selling points. Not only do these homes attract more buyers, but living in them is also a great sense of lifestyle.
Start your way through your living room and kitchen. These are the least personal spaces in your home and also the ones that have the most foot-traffic. Walk your way to your bedrooms and bathrooms and decorate them accordingly. While home-staging processes generally advise de-personalised decor, you must derail a little from this step. A little personalisation adds depth. Moreover, people avoid investing too much time in homes that lack this aspect.
Free Spaces & Big Homes
Bigger homes sell faster than compact spaces. That goes without saying. Especially in today’s age where infrastructural developments are at their peak, leaving lesser lands for a capacious home for sale. You can increase the space of your home through smart expansions.
Contact your society secretary to get a list of guidelines that allow you to legally expand your home without causing safety havoc. Most people do this by expanding their living rooms entirely. This will probably give your home more space but that might be futile if your living room is long instead of wide. Additionally, by doing so you also cut down on spaces that help you get rid of monotony.
Increasing the carpet area might not always be an option for you. In that case, you can always design and decorate your home into creating an illusion of looking bigger than it is. You can do this in various ways:
- Paint your walls in neutral or light shades. Painting your walls will also make your home look new and fresh.
- Get rid of heavy curtains or darker blinds as dark rooms look smaller.
- Replace tall and heavy furniture with smart built-in wall units.
- Declutter and reorganise your home.
- Replace carpet floors with hardwood options. Carpets are tough to manage as they hold on to stains and germs much longer, and get torn easily.
- Add full-sized mirrors to your room to make it double-up visually.
Update Systems & Appliances
Nothing attracts buyers more than a home for sale that requires the least amount of maintenance. Ensure that all your electrical appliances are checked and repaired. If you have appliances that you plan on leaving, keep the warranties safely to avoid any sort of confusion.
You can also employ advanced technology to increase the value of your home for sale. For instance, installing a camera at the entrance instead of the traditional doorbell and the peep-hole system is bound to attract more buyers and prices.
This option is only valid if you have a lawn or a backyard. Fill them with low-maintenance plants. Go green on your wallet and home with plants that suit your environment and do not need constant watering. Green landscapes add beauty and attract buyers. Skip elements that personalise your entrance as they repel prospective buyers.
Popcorn Pairs Well With Movies
Limit popcorn till movies. Ensure that your roof is clean and does not have any popcorns or papdi. Nothing repulses buyers more than a home for sale that has some infrastructural flaws. Make sure that all your walls and ceilings are devoid of moulds as well. Be attentive to these problems and catch them early on before they become acute.
Small Updates & Big Returns
Kitchen and bathrooms are the two things that catch any buyers’ eye in one go. Whatever update you make to these spaces are bound to generate multiple returns to you. Replace that outdated sink with a new one. As Indians, we love our spices and that shows how fast our chimneys get greasy. Get it cleaned by a professional.
For your bathroom, hire professionals to get it cleaned. Small cost-effective renovations like an updated vanity or plumbing repairs also greatly add to the charm. Get rid of old, stained tiles and broken or gloomy lights with better alternatives to get big returns to investments.
The above-listed steps are ways that can greatly increase the value of your home for sale. These steps might get fat on your pocket if implemented at once so go slow and go easy. Make the changes one at a time. Above all, just taking due care of your home is a huge step as well. Increasing the value of your home for sale will not only make it a better home for your buyer but also make it a better home for you.