Whether you’re planning to start your own business, move to a different state or country, or pay for medical bills, putting your house on the market is one of the best ways to generate a huge amount of money. However, not everyone might appreciate the current condition of your property.
If you wish to make your home more sellable or you want to gain more profit from it, consider investing in a few installations or upgrades. This can significantly increase your chances of selling it at a higher value. We’re here to show you how.
Home Installation and Upgrades
No matter what state you currently live in, chances are the real estate market is saturated with lots of properties that have a higher value than yours. That’s because these are much more stable and appealing. If you want to move up that ladder, take note of the following installations.
Finish Your Basement
Remodeling your basement often costs around $18,000 to $34,000. That may seem like a huge price tag that can quickly discourage you from taking the project. However, you might be surprised to find out that depending on how you finish your basement, you can add about $40,000 to $50,000 to your home’s overall market value.
Upgrade Your Roof
The roof of your home has probably taken a beating over the years due to the varying weather conditions. Instead of reinstalling the same old roof design, you may want to consider roof systems with louvre opening. This award-winning invention is equipped with energy-saving tools and smart technology. That alone can significantly increase your home’s value.
Renovate the Porch
Since your porch is also exposed to the constant weather changes, it might have also taken a toll. What makes this the pressing problem is that your porch is one of the areas in your home that can easily be seen from the outside. When you renovate your home’s exterior, be sure to check out the best porch makeover ideas to add to your home’s appeal.
As we move towards the future, people are now more inclined to choose sustainability over functionality. If you want to sell your home quicker, consider replacing old installations with eco-friendly home improvements. These energy-saving systems add value to your home because potential buyers will see that they will benefit from it in the long run.
If you’re looking for the cheapest way to improve your home’s market value, repainting it is the best option. You would only spend a few hundred dollars for the materials and labour, but your house would look too different. Conduct your research on the best home exterior paints to ensure that you don’t pick the wrong colour scheme.
Install a Pergola
Another way to increase the price tag of your home is to build a pergola. This home installation maximises your outdoor living spaces and can make your property more appealing. A pergola is often used for quiet nights alone to unwind or for family bonding. Just be sure to install a stable foundation to prevent it from collapsing due to harsh weather conditions.
Build a Garden
If you don’t want to install a pergola outside your home and you’re not in a rush to sell your property, consider building a garden instead. There are plenty of health benefits you could get from building a garden, and you’re much more likely to sell your home to potential buyers if they see that your garden is properly maintained.
If you have different storage spaces for all your unused equipment, you may want to convert your garage into a living area. This can only cost about $10,000 and add around 15% to your home’s total value. However, you need to consult your local government regarding building regulations because garage conversions are often subject to many structural requirements.
Replace Your Garage Door
The garage door that opens manually may not be as appealing to potential buyers as you want it to be. With all the advanced technology available around us, it would be a sin not to replace your garage door with a smart one. Besides, replacing your garage door doesn’t cost that much, and yet, it can generate about a 95% return on investment.
Replace Your HVAC
HVAC systems often last at about 15 years, even with proper maintenance. If you’ve had one since you’ve moved to your home, it might be time to replace it. This is why potential buyers often ask about the current state of your HVAC. Having it replaced with a new one with smart technology will help increase your home’s market value and recoup about 85% of the total cost.
With these ideas in mind, you can improve your home and level up its value. Putting it on the market doesn’t have to be a challenging experience.