Adding value to a property is something that everyone should do once in a while. When you own your home, it is yours to do with what you wish. Adding value can be a great way to customize your home to your liking, take an inventory of what needs doing, upgrade your home to meet your long-term goals, and much more. Activities to increase the value of your home are also great if you wish to sell your property now or in the future, as they can increase the equity in the property, attract more buyers, and help you sell it quicker. There are many ways that you can add value to your home. There are also many ways that you can decrease the value of your home, so you must know what are the right and wrong tasks.
The right tasks will depend on your goals, why you are adding value to your home, the current state of the market, what is trending in the interior design industry, the condition of your home, the location of your property, your budget, your timeline, and much more. You must consider all of these factors, conduct thorough research, and create a game plan for adding value to your home.
If you don’t do all of this and more, then you may end up putting buyers off by creating an unappealing home, or you might accidentally decrease the value of the home because you have gone against what is in demand in the current housing market. So if you are trying to add value to your property so that you can sell it, you need to take a step back. If you are adding value for yourself, then you can go crazy with the design because it doesn’t matter if you are going to put off buyers, however, you will still need to be careful about some aspects to ensure you don’t decrease its value, especially if you have a mortgage on the property.
There are going to be some tasks that you can do yourself, and others you should hire a professional to help you with. This is because there are going to be activities that require specialist knowledge, skills, and equipment, for example, electrical wiring. If you try to do this yourself, then you may create hazards, hurt yourself, make the situation worse, cause damage, or decrease the value of the property.
To help you on your journey, here are some top things you should consider when adding value to your home.
Declutter
Before you do any activity to increase the value of your home, you must declutter your home. This task is a great way to see what space and decor you are working with. It is a great way in itself to create a more pleasing and attractive home and increase its value. If you are looking to sell your property, then it will make it more attractive to buyers and all it takes is a little effort and no money at all. If you are keeping your home, then you can enjoy a less stressful environment. Or you can use this as a way to give yourself a clean slate to work with moving forward and upgrade your home decor and spacing.
Refresh your home
Refreshing your home is a budget-friendly and effective way to add value to your home, without doing any big renovations. While renovations can add value, people forget that there are lots of small things you can do that will make a big difference, and refreshing your home is one of them. Once you have decluttered, you will be able to see what needs refreshing. More often than not, this means the paint and wallpaper. You might also find that flooring, rugs, and upholstery could use a refresh. Replace, clean, or update your fixtures and fittings around the home, and refresh the door frames, skirting boards, window frames, windows, and doors. These will all make a huge difference.
Update your front and backyard
Your front yard is what you or potential buyers will see every time you enter your home. It is therefore important that you make it presentable. You should also update your backyard and fill it with plants to give it some life. Your garden is an extension of your home, which can make a huge difference to its value. You should also check for rodents and pests. Most commonly, homeowners find brown patches on their grass which can be unpleasant to look at and put off buyers, typically caused by grubs. Look up what causes grubs in your lawn and make sure you fix any issues like this.
Adding value to your home is a great thing to do, whether you are selling it or staying in it long-term. Follow these top tips to help you.
