Your home isn’t just a place of residence — it’s also one of the biggest investments you’ll make in life. And as a smart investor, you want the place to fetch more than you paid for it when it comes time to sell. Read on to discover 5 effective ways to realize the full potential value of your property.
Install a New Heating & Cooling System
A HVAC upgrade can do wonders for your home, especially if the existing equipment is older than a decade. A modern system with good efficiency ratings — and which is appropriately-sized for the space — will boost your home’s value far beyond what you’ll pay. Even if you’re not looking to sell in the foreseeable future, the efficiency gains you stand to reap from the upgrade are just too lucrative to ignore.
Upgrade Your Systems and Appliances
A spanking new HVAC unit won’t make much sense if other critical systems are falling apart. In particular, you’ll want to modernize the wiring and electrics for bigger energy savings. How about a more efficient water heater? Have a specialist take a look at it, along with the rest of your plumbing, to determine if an upgrade is worthy.
Add More Space
Increasing your home’s interior room is all but guaranteed to boost its valuation figure — properties are priced per square foot, after all. Take a good look at the place to see where you could knock down a couple of walls and expand. Transforming the garage into a living space could also work if your options are restricted. And if you have an attic or basement waiting to be completed, it’s the high time you finished up.
Improve Your Floor Plan
This might actually be better than expanding. Size isn’t just a matter of square footage, but also how functional we perceive the space to be. A floor plan improvement can be achieved in many different ways; adding a window, downsizing a kitchen island to free up room, taking space away from one room to add it to another, adding an extra bathroom, etc.
Be Diligent With Maintenance
Don’t focus too much on tearing down Rome and moving mountains that you forget your regular maintenance tasks. Keeping the place in good shape is crucial when you want to maximize property value. So be diligent; clean up, tend to the yard, give the building fresh coat of paint once in a while, and complete repairs as soon as they fall due. You’d be amazed by how weighty such small issues can be maximize property value.
