you finally purchased a house, you can say that it is a major life
achievement. You might as well consider it as an investment for your
financial future. Regular mortgage can build the equity in your home
over time but making upgrades and changes to your home can quickly
increase its value, resulting in a big return on your investment.
a homeowner, you should find cost-effective ways on increasing your
home's value over time, especially if you have plans on selling it in
the future. Here are some practical ways that are guaranteed to make
strong return of investment for your home.
Upgrade to high-demand finishes - The
best way to attract potential buyers is to choose upgrades that are
famous among today's trends. This means installing stainless steel
appliances and/or quartz countertops for your kitchen even if they're
finishes can affect buyer interest while keeping a low upgrade cost.
You can go for simple changes like switching from brass doorknobs and
locks to brushed nickel material or opting for brighter LED lights than
yellow incandescent bulbs.
Invest in energy-efficient features - Eco-friendly
features are eye-catching since it puts greater emphasis on
environmental issues while also cutting down on utility bills.
you want to upgrade your in-home appliances, there are energy-efficient
equipment that can help lower your electricity and gas bills. A smart
thermostat can also be installed to improve energy efficiency.
Create visual curb appeal - This
is a trick that can be applied to both indoor and outdoor setting of
your home. You may not know this but a well-manicured front lawn or a
well-kept backyard has the power to attract more potential buyers.
are visual touches that you can consider like bushes, flowers,
shrubbery, or potted plants because they can have a massive effect. You
can also look at your front and back porch to see if adding an accent
furniture is needed.
Renovate the interior as well - Once
you have taken cared of your outdoor living space, you should now focus
on the indoor aspects of your home. The main focus for this project
will be the bathrooms and kitchen.
good news about this upgrade is that you don't have to go full-on
Pinterest for these renovations. Even a minor kitchen remodel can
already regain up to 80.5% of its home value, which can include
refinished cabinets, updated flooring, and a few updated appliances.
your bathroom, you don't necessarily have to change to a brand-new
shower and bath. You can just go for adding new light fixtures,
countertops, new flooring, or adding additional cabinet storage while
maintaining a polished look. This upgrade can recoup about 67.2% of
your cost on a mid-range renovation.
you can improve your current flooring because this aspect of your home
can have a huge impact on buyers. They will surely notice it as soon as
they enter. For this part, you can get someone like a professional
carpet repair in Langley (page) to help you upgrade it.
these modest changes can improve the comfort of your home, it can
increase your future list price when it's time to sell it. A home that
gradually gains value can provide a big financial leg up when you plan
on moving to a bigger, nicer home.