Every person who owns a home knows that investing money to improve their property is always a smart move. As house and apartment prices are continuing to grow throughout North America and Europe, it’s only reasonable to want to pour more money into your property.
But you have to be smart about it. Yes, certain things can be very exciting to add. They can also be very expensive. But do they have that much of a return of investment? The answer is most likely “no”.
So, to save you the trouble, we decided to list five ways you can increase the resale value of your home smartly. Now, these aren’t free upgrades. Some of them are quite costly. But all of them have a high return on investment when you look at the big picture.
Every broker that’s worth their money knows that house staging is the gold standard to sell a home quickly and at a good price. While this is an investment you should make just before you decide to sell, it’s an investment nonetheless.
You can read more about selling houses (whether staged or not) on WeBuyCle.com as they’re experts on the topic of selling homes fast.
And if you decide to stage the property yourself, remember to keep things homely. Make it so that the people visiting the open house can picture themselves living there.
One way to make your property skyrocket in value is to make it cheaper to live in. Think about it; if you invest some money to make your home warmer or colder for less money, then the future buyers will have a constant return of investment through the savings they’ll have every month on bills.
So, invest in installing better windows and doors, as well as energy-efficient appliances and lighting. And you don’t have to do it all at once. You can start doing upgrades one by one.
If there’s one thing to remember, it’s that appliances (especially kitchen appliances) are one of the best investments you can make for your home.
Think about it – how often do you buy an oven? Once or twice in a lifetime? Unless you have multiple properties, this is a one-off purchase. So, if you’re able to buy a higher quality one, why not do it?
Put money towards appliances that will be used for decades to come. Invest in well-known brands that will serve the household reliably for many years and won’t cost a fortune to repair.
Making a house, or an apartment more modern can be pretty straightforward. Most of the time, there aren’t any complicated installations that require a full interior remodel to install. It’s just a screw into place, or place in the middle of the living room.
Invest in adding a bit more technology in your home. An Amazon Echo can be a great little home assistant. It’s always cooler to say a song name aloud and for it to start playing immediately.
Most importantly, don’t try to make the home what it’s not. If you’re selling a beautiful Hispanic-style home, for example, it would pay off if you go above and beyond to make its best features stick out.
Trying to make a home appear as something it isn’t won’t ever bring you more money. Sometimes it’s better to invest in keeping the old in excellent condition, rather than trying to modernize excessively.