Your home is more than just a place to relax and share moments with your friends and family; it’s also an investment. As such, we shouldn’t just view our homes as places where we want to live — we should also take some steps to improve the value. It will be in your best interests. However, wanting to boost your home’s value and making it happen are two separate things entirely. Below, we take a look at a few things that will help to push your property’s valuation in the right direction. And they’ll also make your home a more enjoyable place to be, too.
When a home is valued, it’s not a matter of just plucking a number from thin air. It’s a calculated process. One of the biggest factors that go into the value is the number of bedrooms. The more there are, the more valuable the home is. Indeed, there can be a big difference in valuation between a home with three bedrooms, and one with four. Now, you might think that there’s a limit to how many bedrooms you can have, but in fact, most homes can have more. With a cellar or loft conversion, another bedroom is more than possible. It costs a fair amount of money, but you’ll make more than double back in valuation.
One of the biggest mistakes homeowners make is not taking care of their kerb appeal. You might bypass the exterior of your home and go straight for the front door, but visitors will pay attention to what’s going on outside. The more beautiful it is, the better it’ll be for your home’s valuation. The good thing about the outside of your home is that it’s relatively easy to improve. Work with a landscaping company, and they’ll ensure that you end up with a perfect, picturesque front yard. It’s a smallish job that can make a big difference in the overall quality of your home.
There’s something quaint about traditional looking homes, but for most people, they’re properties that are best visited rather than lived in. As such, you may want to think about investing in modern infrastructure if your home is currently a little bit dated. This is especially important in the main rooms of the home, such as the living room, kitchen, and bedroom. Give these aspects of your property the modern treatment, and you’ll be making your home more attractive to prospective buyers.
And One That Doesn’t: Big Additions
There are smart ways to boost your home’s value, and not so smart ways. One mistake people make is thinking that adding anything of value (i.e., expensive) will automatically increase their home’s value. This won’t always be the case. Things like a swimming pool or cinema room won’t move the valuation north, for example, and especially so if they’re out of keeping with the rest of the property and neighborhood. Before adding anything, make sure it’s a worthwhile addition that’ll benefit your bottom line.