Increasing the value of your property can be done in several easy ways. There are a few factors you may want to consider first, such as where you are most likely to get the best return on the money you invest into your property or any popular trends that homebuyers are seeking these days.
How to Increase Your Curb Appeal
In the end, though, you can easily add value to your property by staying close to the timeless and practical features that buyers look for. Here are three ways for you to increase your property value.
Way to Instantly Increase Your Property Value #1: Resurface the Driveway
Curb appeal is a major contributing factor for most homebuyers. That initial reaction to the exterior look of a house means so much to people looking to invest in a house. Make sure that the exteriors of your property are in good shape. An excellent place to start is with the driveway.
There are many benefits of a newly-tarred driveway aside from the fact that it increases your property’s curb appeal. Not only is asphalt an affordable way to achieve a sleek and seamless look, but the durability of a newly-tarred driveway is a great selling point for potential buyers. It will be easy to see that your driveway has been redone recently, so buyers will know that this is something they won’t have to worry about when they move in.
Now Read Common Repaving Mistakes to Avoid
Way to Instantly Increase Your Property Value #2: Convert Unused Space
One of the things that buyers always look for is useable space within a home. When it comes to older homes, you can run into the issue of having rooms or a portion of a room that just doesn’t make much sense from a practical standpoint. Instead of investing in an expensive and timely project like an extension to add value to your property, consider converting some unused space into something that clearly has the functionality to it.
For instance, is there a room in your home that is too small to be a functional bedroom? See if it might be possible to convert it to an extra bathroom. If the current status of plumbing in the property isn’t conducive, you could instead convert it into a home office with the right lighting and storage solutions. Anything that increases a space’s functionality will be a big selling point for potential buyers.
Way to Instantly Increase Your Property Value #3: Update the Finishes
Buyers want style along with functionality in a space. One easy way to achieve this is by updating the finishes throughout the house. Taps and sinks are an easy enough place to start and changing knobs and pulls in the kitchen is certainly an affordable project. Consider updating the doorknobs throughout your home as well.
You should look to create a consistent look by sticking to the same material and colour for all these finishes. There are some great features like waterfall taps in the bathroom or a detachable tap in the kitchen that will be sure to add some luxury to functionality.
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Now Read 5 Ways to Increase Your Property’s Curb Appeal in 2020
