Fortunately, you can increase the market value of your home. And find cost-effect ways to make your home marketable at the same time. Of course, we want to find cost-effective ways to make improvements in our homes. And at the time, increase the overall value.
Your Homes’ Worth Depends On The Market Value
As a homeowner, your home is your long-term investment. And when you want to sell it, you need to make sure the state of your home meets buyer demands in the marketplace. This way, when you do decide to sell, your interior design and curb appeal create prospective buyers’ interest.
In addition, if you feel like selling your home is a challenge and live in Milton, VT, you can reach out to companies like Burlington House Buyers Milton. Their mission is to make selling your house fast, simple, and fair. And they use a three-step process that allows you to sell your home on your timeline. And still receive a fair and reasonable offer.
While you can find formulas to calculate the market value of your home online, taking proactive steps means far more. As you know, the investment you make in your home plays into your financial future. That’s why it’s essential to make sure you do your best to keep your home in good shape.
In this article, you’ll find six surefire ways to help increase your home’s market value. And the steps you need to take to remain at the top of a very competitive market.
1 – Organize, Clean, And Declutter Your Home
While you might not want to sell your home this year, you may change your mind moving forward. That’s why it’s essential to keep your home organized, clean, and declutter every room, including your basement and garage. If you already own a clean, tidy house, think about decluttering.
Realistically, we all have too much “stuff” in our homes. And if you lived in your house for many years, even more so. Moreover, it’s always a good idea to go room by room and use the best tips for decluttering your home. A properly tidy home will help increase its market value for years to come.
Furthermore, cleaning and decluttering your home has more benefits than you think. Did you know cleaning can add more than $4000 to the overall resale value of your home too? Well, it can. Keeping your home in pristine condition impresses prospective buyers and weights heavily into their decision-making process.
Moreover, taking the steps above should remain at the top of your list when thinking about your home’s market value. But, first, it’s a good idea to take your time by creating a deep cleaning checklist. Next, create a deep cleaning schedule and work it room by room. Then, when done, start the decluttering process the same way. It’s also a good idea to donate what you decide to remove to your favorite charitable organization.
2 – A Fresh Coat Of Paint Will Help Increase The Market Value
Many of us love exciting pops of color on our walls and ceilings when it comes to our homes. But to keep up with market value, that might not be the best idea. If your walls feature bold colors, you might want to tone it down. You can repaint your home affordably by doing it yourself as well.
In addition, make sure you use neutral and white tones when repainting. Nothing frightens prospective buyers more than walking into a room with bold or very dark walls. Interior designs recommend using light neutral tones for every room, including foyers and bathrooms.
If you have decorative wallpaper in your home, it’s a good idea to remove it as well. While many of us love wallcoverings, buyers might not. So by adding a fresh coat of paint to your home, you can easily increase the market value and enjoy a fresh new look too!
3 – Your Curb Appeal Translates Into Success For The Value Of Your Home
Think about the last time you assessed the exterior of your home, including its curb appeal. How long ago did you make any improvements? Well, it turns out it’s a great idea. And one you’ll want to do every year. Did you know you can boost the value of your home by at least seven percent by improving curb appeal?
For example, try installing new walkway pavers in front of your home and the backyard space. Roughly, the cost ranges from $6000 and up in doing so, but you can quickly recover that when you sell.
Also, think about adding an outdoor kitchen to your backyard or new property fencing. Then, of course, you can replant shrubs, add decorative flowers and make sure your roof and gutters are clean. The point here is to ensure your curb appeal looks appealing, and in return, you’ll help increase market value in no time!
4 – Update Your Kitchen And Bathrooms
If you live in an older home, your kitchens and bathrooms might need some updating. While this can be costly, again, you’ll see a return in your investment upon selling your home. If updating the entire kitchen and baths turns out to be too expensive, think about some minor updates.
For example, you can replace all the kitchen and bathroom hardware. Not only will it instantly perk up your space, but it’s relatively inexpensive as well. You can also replace your flooring easily and add decorative elements to the décor as well. Thus, even minor updates to your home will help increase the market value.
As you know, buyers love updated kitchens and bathrooms. Often, they will walk directly into your kitchen and baths to check them out first. If they don’t like what they see, they most likely will politely bow out. Many folks don’t want to invest in major renovations directly after purchasing a home. More so, they appreciate a turn-key situation with the least amount of work possible.
5 – Add Market Value With Energy-Efficient Appliances
Any potential buyer entering your home will appreciate energy-efficient appliances. In today’s market, eco-friendly features will help increase the market value of your home. But, of course, buyers will focus on ways to save our planet and save money with a greater focus on the environment.
For instance, you can add a smart thermostat to your home, which will greatly improve your home’s energy efficiency. You can also think about replacing things like your microwave and furnace to help save energy and money. And don’t forget to replace all the lightbulbs with energy-efficient ones too! Doing so will increase your market value and save you money as long as you own your home.
6 – Add Smart Tech To Your Home
Nowadays, we live in a world filled with high tech, and of course, this translates right into our homes. But, unfortunately, while you can add expensive chic additions like an audio-visual system and a smart home theater, the expense can be too much for our wallets.
Instead, you can smarten up your home with programmable thermostats and smart garage door openers. You can also think about adding smart outdoor flood lights and, of course, high-tech security systems. Adding these smart products to your home appeals to everyone, in particular millennials. And studies show they pay up to 3 to 5 percent more for a home with smart amenities.
There’s no doubt when it comes to increasing the market value of your home, the suggestions above will help. Remember, you don’t need to spend a fortune improving and updating your home. But every investment you make is like money in the bank. Your home is your nest egg, and it’s time to start thinking about its future as well.
Don’t Forget To Pin Your Inspiration
Nowadays, it’s more important to add a home intercom system than ever before, and for good reasons. With a little know-how, you can affordably install one yourself as well. Smart homeowners know the value of adding one not only for communicating easily but also for safety reasons.