Monday, August 6, 2012
There are more than 101 ways to increase the value of your property, but there are far fewer ways of adding value without spending a significant amount of money on home renovations.
As the housing market has come to a SLOW down, many homeowners are turning to better interior designs and furnishings to beautify their homes and try to increase the value of their property.
It is not always easy to increase the value of your property, however there are a few things to avoid. We have found that having a hot tub can take a toll on the value of your home (parents worry about safety and maintenance costs) and the installation of new carpet and flooring has a very minimal impact on the value of your property as many people prefer hardwood floors.
Increasing the value of your property sounds straightforward enough, but it is often trickier than many of us realize and we can often get it wrong.
Take a look at these three straightforward ways to increase the value of your property:
1- Let in the light
When you are looking to sell your home, it’s vital that you make every inch of your house as bright as possible. This can easily be achieved by allowing as much natural light through your home as possible; you may need to consider some newer, lighter window coverings and ditching the old dusty curtains.
If you allow natural light in your home and place mirrors on the adjacent wall, the light will reflect throughout the round to create the illusion of spaciousness, even in the smallest of rooms.
It’s crucial that when you are showing potential buyers around your home that your entrance hall is warm, clean and inviting. Remember that homebuyers will judge your home within seconds so it’s crucial.
2- Go minimalist
When you have been living in a place for more than five years, you often acquire a large amount of STUFF and furnishings. We advisable to de-clutter your home and remove any unnecessary items that are taking up valuable space; buyers are looking for space….
You should find that with the de-cluttering of your home the more light comes through your rooms, as it has less obstacles blocking its path.
3- Make the important rooms count
We have found that there a lot of value added to a property by replacing an old kitchen and bathrooms with a new one. If you feel that you can do a good job yourself, you could save yourself a third of the cost of hiring a builder by renovating it yourself. You can purchase show room model bathroom and kitchen materials and do some research for tips on how to install them. However if you are not handy….it would be to your best interest to hire someone to complete the renovations. Turn rooms back to their original intensions..for an example the living room should not have a pool table in the middle of the room.