fbpx

6 Ways You Can Improve Your Home’s Value

Aug 15, 2022 | Property

Owning your own home is so much more than putting a permanent roof over your head. It’s an emotional experience and a major financial investment. One that could pay you back in dividends if you build up enough equity in your home and see that your property value increases over time.

If you have a mind to sell your property sooner (or later), then undoubtedly you’ll want to get the best price possible for it. Some of the factors that can influence the purchase price of your home are things that you can’t do anything about, like the state of the housing market, the community where your home is located, and the local demand for housing.

But there are things that you can do to affect your home’s value. Both small and big upgrades that you can make that will not only increase your home’s appeal, but earn you a higher selling price.

Here are the top 6 upgrades we think will pay dividends when it finally comes time to sell.

Curb appeal is real

It seems silly, but the truth is that the outside matters. People really do judge a book by its cover when it comes to viewing properties that they’re interested in buying. You don’t even have to outlay a huge amount of money – it’s just a matter of some simple landscaping that you can do on your own.

Unfinished business

Your home might have decent ‘bones’ and amazing potential, but one thing that prospective buyers will expect if they’re buying what they view as a ‘fixer upper’ is a reduced price. In some cases, this is well deserved. But other times, people see minor unfinished projects and other neglected spaces, and immediately want a major discount. Consider finishing that paint job in the guest bathroom and attending to any noticeable cracks in the walls.

Update the finishes

Finishes like the light fixtures, crown molding, and window sills make up the general appearance of a home. The choices you make can give the impression of a neglected property in dire need of a lot of work or a welcoming, cosy or modern home for which buyers will pay the asking price.

Upgrade the security

There’s no two ways about it, the security features (or lack thereof) can be the making or breaking of a potential sale. If you don’t have security, then consider installing features that make sense for your property. For instance, you could install an alarm system, motion detector beams, security gates, outdoor lighting, or surveillance cameras.

Storage Features

In an age where there’s magic to the art of tidying up, you can improve the value of your home by investing in storage features. A good example is the garage, where you can repurpose used kitchen shelves, along with storage hooks and rails on the walls to provide prospective buyers with a visual of how they can tidily store their own garden and home maintenance tools.

Roof repairs

The state of your roof can make a big impact on prospective buyers and seriously increase your home’s value. If you have any loose or broken tiles, a leaky roof, or chipped paint on a corrugated roof, then get in the professionals to fix these issues. Buyers love to know that the roofing has been recently attended to.

Final word of advice

With these strategies in mind, we trust that you’ll be in a better position to get the selling price that you want.

Don’t forget that AA Inform is home to a range of useful tools and resources, including property valuation reports that will give you some of the relevant information on a particular property. For example, this kind of report would include value of properties in your area to guide you on a fair selling or buying price for a home. After all, the last thing you want to do is overprice your home when selling or overpay when buying a new home.

That’s why AA Inform is home to a range of useful tools and resources, including property valuation reports, which you can request below.

Share This

Property

Recommended

Share This

POLL

Which financial product do you find most confusing and would like to learn more about?

View Results

Loading ... Loading ...

Subscribe to Our Newsletter

Receive insightful tips, essential tools, and exclusive insights straight to your inbox