5 ways to increase the value of your property
5 ways to increase the value of your property. Buying the house of their dreams for most people is their most significant investment. However, despite all the energy and efforts to acquire it, statistics indicate that the majority of Americans live six to ten years in the house of their dreams. Hence the importance of caring for it and constantly renewing it. Because each investment in the property, in addition to increasing comfort, serves to increase its market value and can be taken into account by homeowner’s insurance.
- The devil is in the details
There are small details in the finishes that can influence the price of a home. For example, a good painting, the placement of baseboards, modernizing the outlets and switches, changing the doors of bathrooms, rooms and closets, or renewing the lamps.
- New appliances
Having modern appliances, in addition to providing more comfort to residents, increases the energy efficiency of the home. Modern appliances are more attractive, quieter and more efficient. It is something that buyers keep in mind since it will influence their future electric bills.
- Take care of the external image
Having an attractive facade, with well-kept gardens, modern gates and good lighting can achieve the effect of “Cupid’s crush and love at first sight”, which would justify the higher price of the property in question.
- Kitchens and bathrooms are the priority
That said, no one can deny that the best investment to make in any property is to modernize the bathrooms and kitchen. Some specialists point out that the return on investment in modernizing these spaces could exceed 100%.
- Add a pool
Building a pool can be a good investment to increase the comfort of a property. However, being a much more expensive investment, sometimes it is not justified to do it with the sole intention of increasing the value of the property. In many cases, the cost of a pool can exceed its contribution to property value. Finally, in the case of swimming pools, you should think about the comfort that it will provide you and your family because this may not be reflected in the market value, when you decide to sell what you once considered the house of your dreams. 5 ways to increase the value of your property.