There’s something special about owning a home. Not only does it provide you with a place you can call yours, somewhere you and your family can live and grow together, it also serves as a worthy investment.
As with every investment, the returns on your home (if you ever choose to cash in on it) are dependent on its perceived value, in this case, the resale value. The higher your home’s resale value, the more you are likely to make out of it. This is why, regardless of whether you are looking to sell your home or not, you really should look for ways to boost your home’s resale value; the higher it is, the more valuable your investment.
Now here’s something you might not have known ─ boosting your home’s resale value doesn’t have to be as tedious a task as you probably think. In fact, it could even be easy! Here are 4 ways you can easily do just that.
4 ways of boosting your home’s resale value
#1 Make repairs early
Here’s one little mistake most homeowners make that goes a long way in reducing the resale value of their building ─ they take too long before making repairs to damages in their property. This might not seem like too big of a deal at first, but, in the long run, it actually is.
Here’s the thing. When you leave damaged parts of your home alone for a long time before you repair them, things would only get worse. That crack in the wall would only keep getting bigger, the leaking roof would only keep getting worse, the peeling paint would only keep peeling off.
Over time, the damage becomes unignorable, and then you have to fix it. And believe it when we say, the amount such little flaws in your property would take out of the resale price of your home would be so much more than the price it would have cost you to fix them in the first place. So much more.
And what happens if you choose to ignore the unignorable? Well, whoever would be buying your home wouldn’t! And that would drastically reduce your home’s resale value. So if you are looking to boost the resale value of your home, you best start taking repairs seriously and start early.
Let me let you in on a secret ─ when it comes to the value of homes and buildings in general, design makes a whole lot of difference. If your building has a beautiful design, especially its interiors, its value automatically goes up.
Here’s the thing though, with how the interior design industry changes and evolves, chances are, what was considered first-grade design 5 years ago might be outdated now. And if there is one thing that can take a chunk out of your building’s resale value, it’s having an outdated building.
This is where making renovations come in. By renovating your building, you not only get your home looking newer (which in itself would definitely increase its value), you also get to give your home a modern look that fits in with the trendiest designs available. This is yet another thing that boosts your home resale value.
Thinking of renovating your home? Here’s a free tip for you. Pay attention to your bathroom. It might not seem like much at first, but how these little rooms look actually pull a lot of weight when it comes to the overall beauty of the home. Plus we’ve come to find that, of all the renovations you can make in your home, renovating your bathroom actually boosts your home’s resale price more!
Don’t have the slightest idea about bathroom renovations? Here are 30+ genius ideas you are sure to thank us for, and here’s where you can get bathroom gadgets and accessories to make these designs a reality.
#3 Think renewable energy
It’s no news that the modern world is starting to turn to all things renewable and sustainable. If you are looking to make your best off selling your home (if you ever decide to), so should you. From solar panels and heating to hydroelectric systems and even skylights, including these technologies in homes have been proven to drastically increase their resale value.
This is not something that would only benefit you when you decide to sell your home though. Even if you choose not to sell your home, there’s still a lot to benefit from making your home an energy-friendly one, one of the major ones being the fact that you get to save more.
Now I know what you might be thinking ─ shouldn’t installing any of these technologies cost me? Well, you would be right to think that. Because they would. Here’s the thing though, while they’d cost you at first, over time they’d help you save you so much more. Take solar panels for example. While installing them might cost you a few hundred thousand dollars, in just a year, you could save up to $1,500 by installing them. In just 2 years, you could very well have saved up the exact amount you spent on installation.
#4 Incorporate nature
If you live in a home devoid of any form of natural scenery or torch… you really don’t know what you are missing. Seriously. From the extra pinch of beautification magic it adds to your home to giving it that clean, fresh feel it pervades your atmosphere with, there’s just too much to benefit to gain from adding nature to your home for you not to do so. One of these benefits is of course the fact that it increases your home’s resale value.
Here’s how it works. Science has proven over and over again that having a piece of nature both in homes and communities is essential for healthy living. Not only that, we humans, in general, have tested this fact and have come to agree. In order words, we have come to accept that keeping in touch with nature is beneficial ─ that it is valuable. The same goes for your home. When it has a piece of nature in it, it would be considered not just more beautiful, but also more valuable. If you ever choose to sell your home, that translates to more cash!
Incorporating a piece of nature doesn’t just mean planting anything, anyhow though. It means putting some thought into what you plant and how you plant it. And more importantly, it means taking care of your little piece of paradise. You don’t just want to have a garden around. You want one that’d actually attract whoever might be looking to purchase your home ─ one they’d like to keep.
And who says your piece of nature can only be outside the home? Who says you can’t bring a bit of it in with you as well? From potted plants to indoor gardens, there are just so many ways you can choose to use nature to beautify and increase the value of your home; both inside and out!
And there you have it, ladies and gentlemen. Four easy ways to drastically increase your home’s resale value? Need some more help? Check out these 8 home renovation ideas that are trusted for boosting home resale value for homeowners and contractors.