After some careful consideration, you’ve decided to ultimately sell your house. It wasn’t an easy decision, but you understand that it’s time to move on. However, that doesn’t mean you should move on empty handed. Before the time comes to sell, you should take the time to increase the house’s property value. Property value is basically how much your home is worth. However, this worth is determined by a number of things such as location, the size, how many rooms there are, and the amenities that come with it. Adding amenities and having home renovations done are the best ways to increase the property value of your home. But you might not know where to begin. In this article, we’ll be going over ways you can boost the property value of your house before you put it on the market.
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Install a Home Elevator
A home elevator is an amenity that has seen a lot of popularity recently. This elevator does exactly what its name suggests. It simply allows you and others to safely ascend the upper levels of your home. Despite this simple use, adding a home elevator is one of the most expensive investments you can make. Home elevators can cost an average amount of $25,000, but they can go up to almost $40,000. The cost ultimately depends on how many floors there are in the house. Furthermore, you’re also going to need a professional from Lifton Home Elevators to assess the interior of your home. This is done to ensure your home is compatible with their elevators.
If your home is too small or there’s disproportionate space, you might have to get it remodeled beforehand. Having additional space put in will cost you as well. If you need to add some more space, you can expect to pay $85 to as much as $200 per square foot. Combined with the already high price of the elevator, you’re looking at an investment that rivals the cost of the house itself. But to help you pay for it, you can look into taking out a personal loan or home loan refinancing.
Make Everything Energy Efficient
Over the years, technology has evolved to a point where people no longer have to worry about wasting too much power. This is all thanks to the implementation of smart technology. Not only does smart technology make a home more comfortable, it can also be accessed from pretty much anywhere as long as you have a smartphone or laptop. Here’s a quick list of the different types of smart technology you can add to your home:
- Refrigerator
- Locks
- Thermostat
- Washer and dryer
- Doorbells
Even if the house you’re selling is a little older than usual, modernizing it can make it one of the best homes on the block.
Spruce Up Your Curb Appeal
The outside of the house is the first thing potential homebuyers are going to see. In fact, you’d be surprised to know that the exterior can make or break a deal before they even set foot inside. This is why it’s important to do everything you can to add curb appeal. There are many ways to go about adding curb appeal. Whether it’s putting in some new flowers to simply giving the front door a fresh coat of paint, there’s no shortage of what you can do. Even simple maintenance counts as curb appeal.
No one wants to see the gutter clogged. Having twigs, leaves, and other debris filling the gutter can lead to external water damage. Water damage is a prime breeding ground for mold and mildew. Having overgrown bushes and weeds everywhere is another potential turn off. Removing the debris from the gutter, pulling weeds, and even power washing your patio can help you increase the home’s curb appeal. After all, you want homebuyers to have a first impression of the house, so you can increase the chance of making a sale.
Update the Bathroom
The bathroom is one of the most important rooms to prioritize when trying to increase the property value. That said, outfitting your bathrooms with new appliances, new tiling and flooring can do wonders. It might also help to repaint the walls as well. If you’re willing to go further and do some renovating, you can replace the tub with a fully customizable shower. You can also install handlebars to make the room more accessible to elderly people and people with disabilities.
Read also: 4 Ways to Add Value to Your Home