If you want to increase the value of your property before putting it on the market, you need to make some improvements that will help entice buyers to buyers.
However, it’s not enough to renovate parts of the property that appeal to you. Your property renovations should be strategic in the sense that you’ll be able to recover your expenses on the renovations and more. The reality is some renovations are considered more valuable by potential buyers.
These are the renovations that even real estate agents and property managers recommend as excellent bang for your buck. With these renovations, it’s easy for a property investor or homeowner to get a minimum of 50 percent increase on their initial selling price.
Improve the Property’s Energy Efficiency
This means installing energy-saving lighting, energy-efficient appliances, and even energy-efficient windows.
Anything that saves money on utility or electric bills is always highly regarded by buyers during property inspections and open house sessions. Make sure that the appliances in the property have higher energy efficiency ratings.
As for the windows, switch from a single or double pane window to triple-pane windows. These are better at keeping the house cool or warm and have the extra benefit of soundproofing the home so sounds from the street don’t travel into the property.
Boost the Property’s Curb Appeal
The first thing that potential buyers or renters will notice as they approach the property is its curb and exterior appeal. So, consider changing the garage door to something more contemporary.
Repaint the entrance door or replace it with a new one. Change the door handles to contemporary handles. Power wash the driveway, trim the hedges and grasses at the front and back yard.
If the property has a porch, have that repainted and fitted with new wooden chairs. If it’s a residential property, you can put some flowers near the door to make the home feel more welcoming. Also, consider updating the mailbox if there’s any.
Upgrade the Kitchen
The kitchen is an important part of the house. So make sure to repair, repaint, reface or completely replace the cabinets. Install new residential or commercial worktops in the kitchen.
Choose countertops with granite, quartz, and porcelain for maximum impact. A kitchen countertop alone can transform your kitchen’s looks and significantly increase the value of the property.
Also, buy nice kitchen appliances and have them installed. If you can, update the walls by adding new wall tiles or repainting the kitchen. Properties with great kitchens can often attract between 60 to 120 percent of the renovation costs when it’s sold.
Refresh the Property with Paint
Paint automatically upgrades a property’s value. So paint the property in an attractive modern colour that’s in keeping with the times.
A modern paint job looks amazing and will always attract a higher offer than old-style paint colour, even if the old-style paint job was just carried out. If you do these things on the property, it’ll sell faster than properties that do not have all such features, and at a higher price too.
You must log in to post a comment.