4 Simple Tips to Increase Your Property’s Market Value
By Living Better on July 19, 2019
It’s not surprising that more and more people today are investing a portion of their finances in the improvement of their homes. After all, for many of us, our houses are our most significant assets, and time and money spent on ensuring that the property is taken care of and well-maintained can pay dividends down the line in not only the building equity but also in the property’s market value. To this end, here are a few simple tips that will help you increase the value of your property.
Enhance the curb appeal of your property
While some might argue that appearances aren’t everything, the way a home looks can undoubtedly affect its worth. After all, the more attractive it appears to be, the more interest it will generate on the market. As such, it’s essential to enhance the curb appeal of your property if needed. Basic landscaping and some repainting may not seem like much, but you’ll be surprised at the difference that an attractive exterior can make in the eyes of potential buyers.
Tackle maintenance and repair issues
In the interest of improving market value, many homeowners make the mistake of overlooking maintenance and repair issues in favor of upgrades and enhancements to the property. And while the latter can have a considerable impact on the worth of the house, so too can the former. So before starting any home improvement projects, it’s a general rule of thumb to ensure that any potential problems with the property are dealt with. In this way, it will help calm any fears of future repairs and as a result, net you a better price.
Always opt for functional upgrades
While aesthetic quality can generate interest and get aspiring homeowners through the front door, future-proofing the property with useful updates is what many buyers usually look for. From investing in energy-efficient features like LED lighting systems as well as modern amenities such as water underfloor heating and smart technology, the benefits of investments made in functional improvements will outweigh the costs not only in their present use but also with increasing the value of the property.
Bigger is better
When it comes to homes, square footage often has a considerable effect on the value of the property. After all, larger houses usually command the best prices. So, if the opportunity presents itself, invest in adding more space to your property. While it may require a substantial commitment of financial resources, doing so can significantly improve the value of your home and entice more buyers to bid on the property.
Increasing the market value of a home is by no means an easy task. After all, there are several factors that can affect the value of properties which we have very little control over. But with these simple tips, not only are you far more likely to maintain the market value of your home better, but you might even be able to increase it.
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