More than 60 percent homeowners in the United States believe that the value of their properties will continue to rise over the next 10 years. If you believe that your house or property is your biggest asset, then your goal should be to increase its value. The goal of any investment is to increase the value. If you are planning to sell your property in the near future, you want it to be more than you bought it.
As a homeowner, there are low-cost ways you can add value to your property. With the solid advice of a local real estate agent, you can make your property not only stand out but also sell it faster and at a higher value. Let’s take a look at simple, practical ways you can improve your property’s value before listing it on the market.
Make It Smarter
According to a recent survey, buyers want houses that have safety enhancing gadgets. These ‘smart’ technologies include lighting, door locks, security cameras, carbon monoxide detectors, fire detectors, and thermostats. While these gadgets do not always increase the value of the property, they do add appeal. Tech savvy buyers are willing to pay more for houses with smart tech.
Make It Bigger
The bigger the property the higher its value is. Adding more square footage in your property is one way to add its value. If you are selling your property in a competitive market, having more square footage is an added advantage especially if you are competing against homes that are similar in style and upgrades. You can simply add more space by building a deck or finishing up the basement.
Make It More Efficient
39 percent of agents surveyed by the National Association of Realtors said that installing solar panels increases the perceived property value. Investing in energy conservation features can have an impact on your property value depending on where you live. To entice energy-conscious buyers, consider efficient appliances, LED lighting, enhanced attic insulation, and double-paned windows as a way to increase your home value.
Make It Low Maintenance
No home buyer wants to invest in a house that will need constant maintenance. As a property owner, consider replacing major components before putting your house up for sale. Change property features like the roof, water heater or the furnace to help calm the fears of an emergency repair soon. Doing this also helps you get a higher price.
Make It More Attractive
How your property looks on the exterior will determine whether you make a good impression on your potential buyers or not. Your curb appeal should be attractive enough to make a potential buyer want to walk through the front door. Also, your landscaping should be well maintained. Paint the walls and pressure clean your driveway and walkways to ensure the exterior looks well kept. Once you are done with the exterior, you can now focus on the interior starting with the bathroom and kitchen areas.
Looking to sell your property in New Jersey? Contact Joshua M. Baris for more information.
