- How to increase the value of your home?
- House Maintenance
- Keep Your House Clean
- Keep the Exterior of your House Glowing
- Decorate and Update Interior Designing
- How to find the value of your home?
- The Neighborhood
- Nearby Facilities
- Age of the House
- Does a privacy fence increase the value of your home?
- Does a metal roof increase the value of your home?
- Does a pool increase the value of your home?
- Does Central air increase the value of your home?
- Does paving your driveway increase the value of your home?
The value of your house decreases when the buildings get old, technology advances, and the tastes of the buyers change, neighborhoods and communities change with time. This is a crucial fact about the property that their value decreases over time.
For instance, the paint fades, the roofs drip, and the carpets become ragged. Besides, a home that looks old and broken down inside or old-fashioned also decreases property values.
How to Increase the Value of Your Home?
Buying a home is one of the important events of your life. To save that investment and increase its value in the years to come, you need to consider everything that can reduce the value of the property.
Here is a list of all the factors that can increase the value of your home, and you should take them into account to secure the value of your property.
- House Maintenance
- Keep Your House Clean
- Keep the Exterior of your House Glowing
- Decorate and update interior designing
House maintenance is one of the major factors you should consider when it comes to increasing the value of your house. It includes maintenance work that needs to be done regularly to ensure that the home is clean, organized, and in excellent condition internally as well as externally.
If you neglect the maintenance of your house, it can result in reducing the value of your house. For example, a small drip from your water heater may not seem like a big deal, unless it leaks into your foundation and cracks. Even if all your structures work well at present, if they are not maintained regularly, the equipment breaks down over time and needs to be replaced, this can cost you more.
Therefore, it’s important to go through each part of your house regularly to know the condition of your building.
Keep Your House Clean
A cheap and easy way to increase the value of your house is by keeping your building neat and clean. When you are selling or valuing your house, a little deep cleaning can go a long way. You can hire a cleaning service as well to make your house clean.
Therefore, you must dust off high places, wash your baseboards, clean windows inside and out, mop the floors well, and take the extra waste out of your house.
Besides, if you have a garden, make sure to keep it clean and maintained. A tidy garden can add great value to your house. You should cut the grass, trim the trees and add some colourful plants and flowers to your garden to increase the value of your house.
Keep the Exterior of your House Glowing
Painting your house is one of the easiest and most cost-effective repairs to increase the value of your house. In case your property is looking a bit dull, the paint is peeling and the exterior is exposed to weather damage, you must coat a fresh paint spray to make your house a bit more appealing.
Newly painted rooms look clean and up-to-date. When choosing paint colours, make sure that neutral colours are preferred by most people, this makes your house more desirable. For better results, you must hire a professional painter.
A simple touch of white or cream paint can completely change a house from old to fresh and modern. Preferably, interior walls should be at least painted every five years, but this is entirely up to you, and if you have pets or children, where the walls can get dirty more quickly.
Decorate and Update Interior Designing
When it comes to increasing the value of your home, updating interior design and decoration works efficiently. As we know, furniture is one of the important aspects of interior design. So, to bring a luxurious feeling to your home you should add new furniture to your home.
Moreover, you can add cushions, a new sofa set, rugs, carpet, wall frames, etc. to attract buyers. Such addition can make a great difference to the value of your home as it gives a charismatic look and lavish feeling.
How to find the value of your home?
If you are wondering about how to find the value of your home the following are the factors that can potentially affect the value of your home:
The neighbourhood matters when it comes to finding the value of your home. According to research, a bad neighbour could potentially reduce the value of your home by up to 10%.
For example, if your neighbour disturbs you or has parties at full volume all the time, it can have a negative effect on your neighbourhood. Thus, this will negatively impact your property and more likely to decrease the value of your home.
Therefore, whenever you decide to buy a home you must inquire about the neighbourhood.
When it comes to evaluating the value of your home, location is one of the most important factors. It determines the long-term valuation potential of your house as it decides the worth of your property. So, if you are hoping to sell your home in a few years, the location should be considered carefully.
Therefore, buyers prefer to invest in Good places which are comfortable and attractive, as they compel you to come. A green atmosphere, better facilities in the locale, and a safe environment make you feel like this is where you want to be most often. On the other hand, homes located in such locations that lack facilities, peacefulness, and safety are often considered undesirable and unsafe.
If you want to resale your house so the value of a house is something that in some cases depends on the buyer. Buyers are usually willing to pay a premium for convenience. Therefore, it is natural to consider the civil services and other amenities near your property when reviewing the resale value.
For instance, the medical facilities, public parks, and easy access to educational institutions are an attraction to the buyers if they are a short drive away from your home. Such facilities play a central role, not only during the home valuation process but also during financial negotiations.
Age of the House
The age and the condition affect the value of the home. In general, newer homes are more expensive than the old ones. It is because the important parts of the home, such as plumbing, electrical work, roof, and appliances are new and advanced.
If you have an old house, it means the value of your house will be decreased because of its age and its poor condition. So it’s mandatory to keep in mind to maintain and add some improvements to your house before selling it.
Therefore, house improvement is one of the best ways to add value to your old house. You can start by advancing the plumbing system and giving your exterior a fresh coat of paint.
There are many ways to increase the value of your home. Such as, you can automate your home, add a swimming pool, create a new story, redesign the tiles, upgrade the kitchen, and more. Or you may be thinking more about invisible advancements to your home by installing a central air conditioning system.
Does a privacy fence increase the value of your home?
When it comes to the question, does a fence add value to a home? Well, the fence itself does not add value to the house in terms of material and construction costs. This will increase the value of the house only when there is a real need for such an external structure.
Moreover, adding a fence to your home can serve many purposes. For instance, it can be used for privacy purposes, it can prevent wild animals from entering your plot, and if you have pets and children then it is helpful to keep them in the yard.
Besides, good fencing can enhance decorative benefits such as improving the overall look of your yard and home. If you live in a home that has an aesthetically unpleasing view from the back, a high fence can block that view and make your backyard look much more desirable.
To sum up, it all depends on the need, material you have used, the type of neighbourhood, local buyers’ demand, and how you put it.
Does a metal roof increase the value of your home?
The question is, does a metal roof increase the value of your home? This is a very common question people ask before deciding to change the roof.
The simple answer to the question is an absolute yes. According to a report, it was predictable that with the cost of installing a new roof, you would immediately add 70% of that cost to the value of your home.
Besides, metal roofing is considered environmentally friendly and 100% recyclable. With the planet gaining prominence in the minds of everyone, homeowners demand eco-friendly features in their homes.
A new roof can increase the value of your home if you want to sell it. Since buyers prefer to buy houses with new roof installation.
Does a pool increase the value of your home?
Having a swimming pool might not always increase the value of your home. Some people may enjoy the swimming pool, but it is an expensive investment that may not pay off.
In some cases, a pool can increase the value of your home, but it does not necessarily increase its value. According to a report, estimated that a pool can add up to 7% to the value of your home, if:
- You live in a high-rise neighbourhood where pools are common.
- The style of the pool is according to the neighbourhood.
- You live in a warm climate where you can use the pool all year round.
- The pool does not cover the entire yard and you still have space to play or garden.
- The pool is maintained and cleaned regularly.
Moreover, if you have a pool, it should be maintained throughout the year, whether the pool is being used or not. The pool and filter must be cleaned regularly, and make sure the water level in your pool is at the right level. It is also important to keep your pond clean to prevent it from becoming a breeding ground for germs.
Does central air increase the value of your home?
A central air conditioning system is an invisible advanced feature that can add value to your home. Most of the buyers prefer to have a central air system as they want to keep cool when the temperature rises.
Well, on average people are willing to pay an extra amount for a home with a central air system. It is estimated that a central cooling system adds 10% value to your home. It is also observed that homes with central air are more likely to sell than the ones that don’t have a cooling system.
Moreover, its importance and value depend on the location you are living in. If you live in an area where central AC is not so common or needed then the price may not be equal. If you live somewhere hot, humid, or sometimes just where the upper middle class and above buyers expect it, in that case, central air increases the value of your home.
Does paving your driveway increase the value of your home?
It must be surprising that paving your driveway does increase the value of your home. Paving a new driveway is a great investment in your home and you can get a great return on investment as on estimate it can add value to your home by 5-10%.
Most potential buyers don’t buy homes that don’t have a driveway. Paving driveways to the front of your home add value as well as can be a great selling point.
If you are thinking of selling your home at a good price you must pave a new driveway. This will not only increase the value of your home but it will give a good look to your home as well.
Now that you know what matters most when it comes to increasing the value of your home, you are more likely to make informed decisions. If you have a home, you want to maintain or increase its value. You would want to do this because you plan to sell it in the future, or you need your home to look better than before. However, most people concentrate on what they can do to increase the value of their house; they often handle the things that are the major cause of devaluating your home’s worth.
So, bringing changes to your home can increase the value of your home. You can make the necessary changes so you can maintain or increase the value of your home. For instance, you can paint your home inside and out, update new furniture, and decorations, and keep your garden, house, and pool clean and maintained regularly.