How to Increase the Value of Your Home on a Budget

When considering putting your house on the market, it is important to consider getting the maximum value out of your equity. Remodeling your home is the best option to increase your equity. However, consider any form of remodeling on a budget to ensure that when selling the home, one maximizes on the profits. Plan the remodel in phases with consideration to the money and time it entails. Have realistic goals to help determine realistic activities for the project. Prioritize the activities to determine which sections of your home require an immediate fix and which improvements are mandatory. Talk to your realtor to help determine which remodeling areas will lead to more returns or an increase in value to your home. Consider the following options to boost your property value on a budget.

 

Structural Problems

Structural problems are the essential fixes to be done in your home that may seem costly but guarantee a great rate of return when selling the property. Have a list of the structural structures to be fixed such as a sagging or leaking roof, cracks on the walls and floors, rotten timbers, rats and insect infestation, missing or broken tiles and a collapsed floor. It is important to identify and fix such problems before moving into the property.

 

Update the Services

Services such as electrical wiring and plumbing ducts that may require the lifting of floors, chasing of walls are necessary before moving in as they are quite disruptive.  Consider rewiring the house installing modern circuits and more sockets with attractive switches, lighting, and sockets to increase the property value. Change the pipework in the property installing pressurized systems to free up space for other fixtures and to avoid leaks as well as rattling noises.

 

Clean Your Home

A dirty home will put buyers off and result in a decrease in property value. A bright, clean and neat home will attract buyers. Fix small problems as they arise before they convert into expensive fixes. Ensure to declutter your home, give some of the excess property to a charity or organize yard sales to avoid clutter. Regularly clean and maintain the area around the house to prevent mold, fungi as well as insects such as ants and rats inhabiting your home and causing damage to your fixtures. Ensure to fix strange odors from home by airing constantly and fixing dampness within the home.

 

Consider Having Cosmetic Improvements

Consider adding cosmetic improvements to your property by adding new flooring, redecorating the home, landscaping, remodeling the kitchen, bathrooms, attic space etc. and changing some of the appliances in the home such as installing a modern bathtub, ceiling, kitchenware, lighting etc. to enhance the property value. Cosmetic improvements increase the aesthetic appeal of the property attracting buyers to the home while masking some problems existing within the property.

Making low-cost improvements to your property helps to make great returns when reselling the property helping to get your home quickly sold.

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