When you decide to sell your house and move somewhere else, the price you get for the property could determine your quality of your new life elsewhere. This is why it makes sense to squeeze every dime out of the home you live in when you plan to move.
Of course, you can’t change the location or the area you have available, but you can renovate to increase value.
Renovating your home to increase its value is probably the best decision you could make. Regular maintenance and keep repairs are likely to fetch you a much better price on the real estate market when you decide to move out.
But it’s not as easy as it seems. You need a well thought out plan, a fixed budget, expert help and a lot of patience. So, here are some of the things you need to do to get the best price for your property.
Almost all real estate agents will tell you that repairing the house is absolutely essential before you sell. There are buyers who look for properties they can renovate themselves, but these are usually the sort of buyers looking for bargains on property. You want to sell at a premium, which is why you need to focus on the most crucial areas of the house that need to be fixed. Start with the roof, before moving onto the plumbing, electricals and lawn. Repair everything that is essential before you ever let the first buyer through the door.
Adding a new bedroom or another study could add another $30,000 to $150,000 to the value of your home. This isn’t an option for everything, but it’s worth a shot. If you live in a very old build, chances are the layout is restricting and crammed. Try to break down some walls and connect some key areas. Connecting the kitchen to the dining room, for example could be a great way to create more space and make the house look a lot more modern.
Let there be light
Lighting is the key to enhancing the overall value of your abode. A well lit house comes across as more polished and well maintained. Get all the light fixtures replaced and add some extra lights to the kitchen, bathroom and bedroom, since those are the areas buyers are most interested in.
Invest in solar
The government is trying to encourage the use of solar panels throughout the country by offering subsidies. On the other hand, investing in the panels is likely to increase the value of your home. It’s a win-win. Take advantage of the situation and get some cost-effective solar panels that cut your bills and save you money as you wait for the sort of buyer who appreciates the potential of renewable energy.
This list is by no means exhaustive. There’s a lot more you can do to add value to your home and fetch the best price. But even small adjustments and repairs can make your house a lot more livable and help the property fetch a better price.
Article Submitted By Community Writer