Owning a property is one of the biggest financial investments you could have in your life. As such, you are probably hoping that one day it will be worth more than what you paid for it when you decide to sell or build equity.
While much about a property’s value depends on factors like location, square footage, infrastructure, and current real estate market rates, there are also some things you can do on your own to increase your home’s worth.
Doing so can be especially helpful when you are ordering a home appraisal and looking to generate the highest return on your investment. This is the process of hiring a licensed appraiser to give you a professional and unbiased opinion of the value of your property. It is typically required whenever a mortgage is involved in buying, refinancing, or selling real estate.So, if you want to learn more about how to increase your home appraisal value, you’ve come to the right place. Here is a list of five easy updates you can try out to make your property more appealing to buyers and get top dollar for it when you sell.
Add a fresh coat of paint
A type of home improvement project which is often underestimated is painting. The truth is applying a fresh coat of paint to your property can instantly make a difference to its overall appearance and also help substantially increase its value. Plus, it isn’t that expensive either and can be easily done as a DIY job.
For example, you can repaint your entire living room to give it a completely new look or simply add an accent wall to make the space more visually interesting. If you do the latter, choose neutral colors as they appeal the most to buyers.
Freshen up your curb appeal
When you are selling a property, first impressions are very important. A better way to truly impress your potential buyers and even appraisers is to freshen up your curb appeal. This doesn’t mean engaging in major home renovation projects, but easy and minor updates that will make your house’s exterior look brand new.
For example, you could upgrade your landscape, install a new garage door and repair sagging gutters, all of which can go a long way in increasing your property’s value.
Do minor improvements in the kitchen
If you are willing to go a step further with your home upgrades, then you should definitely consider doing some minor improvements to the kitchen. This is one of the most important rooms in the house and enhancing its appearance in any way can instantly increase your property’s overall value.
For example, an easy DIY kitchen project you can engage in is repainting your kitchen cabinets in a bright color to add more charm to the space. You could also install new modern hardware to improve the entire look of the space.
Be energy-efficient
Another easy way to increase the value of your property is to make it more energy-efficient. Doing so can provide you with plenty of benefits; the most important one being reducing your utility bills while you still own the home. This can be a big seller to potential buyers, many of whom are interested in energy-efficient features and appliances that can help lower their monthly expenses as a homeowner. For example, some things you can do to improve energy efficiency in your home and increase its value are sealing all windows, changing your light bulbs to LEDs, and insulating the ceilings, walls, and floors.
Declutter and depersonalize
When you are selling your home, chances are buyers will want to check out the space to see how good it is. One way of making it more appealing to them is to declutter and depersonalize it.
After all, when buyers come in, they would want to inspect each room carefully and try to picture themselves living there. If your home is cluttered and filled with your personal belongings, this envisioning can be more difficult for them.
So, make sure you clean your home thoroughly to increase your home value and get a higher appraisal on your property.
Final thoughts
As one of your biggest investments, it is important that you do everything you can to increase your home’s value. This will help you get top dollar for it when you sell and also increase your home appraisal later on.
For more help, refer to our post and follow the tips on how to boost your home’s worth easily and successfully.
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