The Seven Keys To Getting The Best Value For Your Home
Posted On June 27, 2016
When you’re selling a home, you want to make sure that you get the right price for it. After all, it’s the most expensive physical asset a lot of us are ever going to own. How much it’s going to be worth, in the end, boils down to how much investment you’re going to put into it. When you’re renovating a house, of course, value isn’t all you want to think about. In this article, we’re going to look at how you maximize the value of your home and how else it can benefit you.
It’s the first thing that anyone’s going to see about your home. It’s only natural that it’s going to have a big effect on how well it can sell. More than that, no-one wants to live in a home that looks run down. A fading exterior can even have big negative effects on the quality of living in your home. For example, old windows can let heat escape easily. An aged, failing roof can make insulation difficult. It can even invite in the damp and mold from the weather. Services like this from Advanced Exteriors don’t just help the home look better. They can also make it a more comfortable, safe place to live.
The exterior of the home isn’t the only thing that can attribute to the ‘curb appeal’ of your home. That appeal doesn’t only have the ability to drive up the price of your home. It can also be a very important asset in bringing people to view it in the first place. A big part of this is maintaining a tidy, pretty garden. You don’t necessarily have to go in depth with landscaping and flower beds. At the very least, keeping your grass, bushes and trees can give it a much more organized look. As for water features like fountains and pools, these do not necessarily add value. It all depends on the economic status of your neighborhood and whether the costs of maintaining water features is a big factor there or not.
It won’t have as big an effect as the garden or the exterior, but the entrance deserves a bit of attention all on its own. It can be the part of the home that hooks any visitors or viewers from their first step in. For that reason, you want to do your best to spruce it up and make it look all the more inviting. There are a variety of ways to do that, too. You can use a lick of paint to make its color more complimentary to its surroundings. You can use electric lights to give it a warmer appearance from the outside. Some will even surround it with plants to make a more vibrant front entry.
They say that there are two rooms that can really sell a house. To begin with, we’re going to be look at the ‘heart’ of the home, the kitchen. A lot of what you can do to make a kitchen a more effective place to live as well as to sell is more practical than visual. Indeed, it's suggested that going too far into styling your kitchen to your individual tastes can actually harm its selling power. It’s all about how you use the space and materials. Making a kitchen that’s easy to keep clutter free by using inventive storage additions can make it a much less stressful place to operate. Similarly, you can keep it easy to clean with the right choice of materials. For instance, granite surfaces are a lot less absorbent and thus a lot easier to clean than wooden ones.
If the kitchen is the heart of the home, then the bathroom is more like the gut. A bathroom that does its job well is essential to having a comfortable living experience. People want their bathrooms to be clean and to be useful. You can make a lot of choices in your décor to make that all the easier. For example, prioritizing light and bright spaces. White walls and surfaces make it easier to reflect light. Patterned windows offer privacy without cutting out light like curtains and heavy blinds might. Of course, a thorough clean is needed before any viewings are held.
The one thing that can add the biggest amounts of value is also going to take more money and effort than anything on the list. We’re talking about the space in the home. Not just how spacious you can make it seem. How much space it actually has. Rooms and square footage. Adding to the home in this regard takes serious planning, but it’s also the change with the biggest potential payoff. It’s a good idea to get some idea of what kind of value it can add to the home from an expert, first. But when you do, there are a lot of ways you can choose to go. From adding an extension to finishing your basement or renovating the attic. Similarly, choices like conservatories or orangeries can add a distinct value for their own reasons.
You can’t change everything about your home, however. One of the biggest contributors to value you have no control over is the area. Hopefully, you live in a better neighborhood, but bad points brought up against it can weaken your ability to negotiate. So as to keep your negotiating position as strong as possible, you need to learn about your neighborhood. Identify its weaknesses as well as strengths. This way you won’t be caught out by not knowing something a buyer may bring up. Again, this isn’t something you can change, but it can at least stop buyers from being able to shave down the price of the home.
Hopefully, this article has enlightened you as to how real improvements to the home can mean real monetary value. If you don’t want your home to start stagnating in terms of value, you need to put in some time and money yourself.