Tips on How to Boost the Value of Your Home

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Most property owners believe that their homes increase in value as the years go by. However, there are some important factors that determine the worth of your home; for instance, the location. If you’re like most homeowners who consider their homes as their biggest asset, then you should take more care of it.

Contrary to common belief, taking care of your home is easier than you thought. By simply making some upgrades and repairs, you can increase the value of your home. Whether your plan is to build equity or to simply fetch more after you sell your home, consider the following tips that will help boost the value of your home.

Update the kitchen

Buyers have always focused on the kitchen, especially first-time homebuyers. Most millennials also prefer a modern or updated kitchen. However, this doesn’t mean that you should make expensive updates. You can start by adding new appliances, new flooring, and a new countertop. This will give your kitchen a new and coordinated look. You may also want to add a fresh coat of paint to both walls and cabinets. Additionally, update the hardware to breathe new life into your space.

Loft conversion

Another great way to increase the value of your property is to convert your loft to an extra bedroom. Ensure you include an en-suite bathroom to prevent movements up and down the stairs. According to Property Secrets, converting your loft can add your home value by 21%. For instance, if your home is worth £300,000, then you can expect an additional £63,000.

A decent loft conversion will cost you anywhere between £30,000 and £45,000. Therefore, considering the example given, converting your loft may be worth it. However, if your home has a low value, for instance, £100,000, it means that you’ll only fetch £21,000 from the loft conversion. In such a situation, you may want to think twice. You can find out more at Instaloft, including how much your loft conversion will cost.

Paint your home

Paint will keep your home looking its best and also defend its surfaces from elements. Therefore, if you’re planning to sell your home soon, one inexpensive way to increase the value of your home is by repainting. Focus on key areas that often have high-traffic, including the bathrooms and kitchen. Keep in mind that your house has to look its best during the open house day. When choosing the best color for your home, consider a neutral color scheme. This includes white and off-whites. Such colors are appealing to most homebuyers.

Invest in smart technology

High-tech features offer poor returns on investment. This is mainly because technology is always evolving. For instance, wired audiovisual systems lost more than 80% of their value after the shift to wireless connectivity. However, smart devices can help boost the value of your home. For instance, a programmable thermostat will give the impression of a high-tech home. There are other smart products that you can consider, such as door locks, lights, and security systems. Smart features in your home will appeal more to millennials.

Today, the mantra for most homeowners is to “improve and not to move.” This is mainly due to the rising property prices in most areas, and the lack of houses getting into the market. The above home improvements and upgrades are worthwhile, and they can help increase the value of your property.