A home is a profitable asset there is no denying that fact. However, some people get to the point when the time is right to sell their home and move on to a new beginning somewhere else. But in their eagerness to up sticks and move, they can forget that they still have an opportunity to boost their property value by making some home improvements. It may seem pointless, but more often than not, small investments that cost you initially can almost double the return you would get when it comes to the total resale value. Who doesn’t like those odds? So I thought I would share with you some of the improvements you could make to your home that could boost your earnings. It’s better in your pocket after all.
Your interior decoration
One of the simplest and cost effective ways to add value to your home is to change the interior decoration. Everyone decorates their home how they see fit, but what you like might not be someone else’s cup of tea. Taking your home back to a neutral decoration and interior can be a smart move. Firstly, it appeals to the masses, and secondly, it looks clean and modern. Something many people are looking for when it comes to a new home.
Think about your exterior presentation
Often the first impression is the only one you get to make in this world, and the same can be said for your home. So give it some kerb appeal and focus on the exterior look. Perhaps improve your driveway in someway by installing a new concrete base, companies like Pavement FX have some great suggestions. You could also take pride in the garden or yard areas by mowing the lawn or planting some flowers to give your home a pop of color. If anything it will help make your home stand out and look amazing.
Minimise your assets in the home when selling
When someone looks round your home, they want to be able to envision themselves and their belongings in it. So help them out by minimising your own assets. A cluttered home can look messy and untidy and drop the value. But a clean and minimalist approach could be the difference between you getting the full asking price, or taking a drop in value. This might cost you a storage fee while you are between homes, so make sure you work out all your options beforehand.
Invest in the kitchen and bathroom for maximum profits
One sure fire way to increase the value of your home is to focus on the two main rooms of the house that will ultimately sell it quicker than anything else. The kitchen and the bathroom. But rooms are prime spots when it comes to people househunting as they can be seen as big and expensive jobs to undertake. But doing it right and investing properly could help you massively increase your sale price come the time to sell.
If you have the time, add value with extensions or additional rooms
Finally, if you have the time to stay in your home a little longer, then extending and adding living space is a great way to invest low but will give you the maximum return.