How to Increase the Value of Your Property

Are you looking to sell your house, or are you in the type of work that rents out places? Do you want to make more money with these properties? Of course, you do! 

 

House and apartment buildings can quickly become outdated every ten years or so. To increase your paycheck every year, you have to make updates to your places gradually. 

 

Some improvements can raise your property value by $10,000 or more. Doing multiple updates can result in a significant increase. 

 

Continue reading to find out what you can start planning to do today to your home or apartment building today! 

New Roof 

First impressions are essential in all aspects of our lives, and houses aren’t any different. You want potential buyers or renters to drive up to your place and think, “Wow, I want to live here!” 

 

The experts at Dominion Roofing state, “Your roof is the most important structure on your home or commercial building. Yet it can experience a ton of abuse from hail storms, animals that chew through to live inside your home, and harmful ultraviolet light.” 

 

No one wants to move in somewhere with a leaky roof or a weak roof if there is a bad storm or snow. Also, new buyers don’t want to move somewhere that needs many repairs. They want to move in and start enjoying themselves! For structure reasons, you should redo the roof to ensure new homeowners or renters that the house is safe and durable. 

 

Having a brand new roof can make your property look more modern and more attractive. There are many colors and styles to choose from nowadays as well. Pick something that compliments your house color and other features. 

 

If you’re really looking to make a major upgrade to your roof, you might want to look into solar panels. They are costly in the beginning, but in the long run, they will pay off. This will significantly increase the value of your home and attract those who want to live in an eco-friendly way. 

Update the Appliances 

The kitchen and bathroom are some of the most important factors when people consider living somewhere new. It makes sense because these types of renovations are among the most expensive you can do to your home. 

 

“However, with estate agents reporting new kitchens typically add 5.5% to a property’s value – and can add as much 10% – kitchen projects can tick multiple boxes for a homeowner.” It can be a considerable expense for you now, but in the long run, it will pay off. 

 

When looking at new appliances, don’t go for the cheapest option, either. Now some models can connect to personal assistant services, which are on the rise right now. This will increase your place even more than having basic appliances. 

 

They can create grocery lists, let you know when an appliance is left on, give recipe ideas, start the coffee machine, and much more! An example is the Amazon Echo or better known as Alexa. It would be best if you looked for as many appliances that are compatible with these types of devices to make sure your place is up to date today and in the years to come. 

Fresh Paint and a Good Clean 

This might seem obvious to some, but having a bright, clean, crisp looking home on the inside really makes a difference. Even the smallest marks or stains on the walls can make a place look dirtier or older than it actually is. 

 

Think outside of the box when it comes to colors. There are thousands of hues to choose from now! Remember, don’t go crazy with what you pick. You might love neon pink for a bedroom, but that doesn’t mean everyone will. Choose a neutral color that is light to keep the room open and versatile. 

 

Once you’re done painting, make sure the place is spotless before you have people look at it or hold an open house. The most important rooms are the bathroom and kitchen. If you’re not doing a complete remodel, make sure to deep clean these areas and shine them up. 

 

No one wants to move into a place that already feels dirty. Provide them a clean canvas, so they imagine themselves moving in. If a buyer or renter thinks that the house is new and clean, they might pay more or be more willing to make a higher deal. 

The Bottom Line

The possibilities are endless when it comes to renovations. Look at your budget for making updates, and then think about what aspects of your place need improvements. 

We have provided essential things to consider. So, now you can start planning your next project to increase your property value and make more money! 

David Jackson

David is a personal finance expert, a professional male model, and an entertainment writer.