As much as we love our homes, there are times when we need to sell them for various urgent reasons. We could be moving to another state, country or continent, we could need immediate financial assistance, or we could choose to leave for medical or other reasons. Whatever it is, it is advisable to know how to keep and even increase the market value of our homes.
In this article, you will learn about some of the best tips for increasing the market value of your home. Read below to learn more, and don’t forget to take notes!
1) Upgrade your kitchen
While every component, room, and part of your home is critical to overall market value, the kitchen is one of the most important factors that will affect your home’s resale value. A current survey showed that around 80% of shoppers consider the kitchen area to be one of the three most important rooms in a house, followed by the master bedroom and living area with 49% and 42% respectively.
Did you also know that renovating the kitchen brings a very good return? According to the Cost-value report 2018A larger kitchen remodeling can achieve an ROI of 53.5% to 59%. Similarly, the ROI of a small kitchen remodel can be up to 81.1%.
Consider a kitchen remodeling project to increase the market value of your home. First, set a budget and stick to it. Keep in mind that major kitchen remodeling can cost a fortune. Therefore, it is best to anticipate any contingent costs that may or may not arise. Also, don’t forget to include labor costs and possible shipping costs in your budget.
2) Renovate your roof
Roofs are one of the most important parts of a house. However, it is mostly overlooked and not given sufficient attention. The importance of a roof is not only in its purpose to protect and protect us from extreme weather conditions, but goes beyond it. A well-maintained roof is important, especially the gutters, to prevent rainwater from eroding and destroying the main foundation of the house.
Did you know that converting your roof achieves a high ROI? According to the National averages 2019The replacement of asphalt roofs has an average ROI of 68.2%, while the replacement of metal roofs has an average ROI of 60.9%. This high ROI makes a roof renovation a good investment in the long run, especially if you look forward to selling in the near future.
However, regular inspection, cleaning, or even a roof replacement is a good idea to add to the property’s market value. The correct movement depends on the severity of your roof damage. You can check websites like cityseamlessroofing.com Turo will help with repairs or replacements on roofs. Don’t wait for severe roof damage before deciding on your next step as this can lead to more expensive repairs later.
3) Manicure the lawn and remodel your landscape
Last but not least, manicuring your lawn and remodeling your landscape are surefire ways to increase the market value of your home. A well-tended lawn gives the potential buyer the impression that the house itself has been well cared for. Since the lawn is one of the first things a potential buyer sees, it’s important to make a great first impression by making sure your lawn is cut properly.
Remodeling your landscape is another great way to increase the market value of your home. A wilting and disorganized backyard is very unattractive to the eyes. This can be a huge deal breaker for some, especially potential buyers who are nature lovers. Do your research well and give your local landscape artist a call if you need professional help. Good landscaping not only adds to the aesthetics of a home, it also increases its usefulness while increasing the home’s market value.
Keep these tips in mind to add value to your home when selling.