If your goal is to climb your way up the property ladder throughout the years, Advanced Asset Management, Inc. says it is wise to embark on renovations that could potentially amplify your home’s value. There are some renovations that’ll increase your home value more than others and it’d be good to focus on these, if possible.
As a result, you will receive a greater return on your investment, which could help you to buy a bigger, more luxurious property in the future.
To make your money go further, here are the property tweaks that will enhance your home’s value.
Improve Your Kerb Appeal
Believe it or not, your curb appeal can seriously affect your property’s price tag. If you want to add some notable value to your home’s value, all you might need to do is spend a little here and there.
To maintain or boost your home’s value, make important updates to your garden by:
- Creating a well-manicured exterior
- Adding double glazed windows
- Replacing your front door
- Painting/washing exterior walls
- Planting trees and flowers
- Removing rubbish
- Cleaning your driveway and patio
- Regularly decluttering
- Smoothing patio cracks
Spruce Up Your Bathroom
When executed right, a bathroom can be one of the most luxurious rooms within the home. After all, it allows you to wash away all the stress and strains built up throughout the day, and it is the one place within the home that provides both privacy and tranquillity.
It, therefore, might be unsurprising to learn that sprucing up your bathroom can increase your home’s value. For example, a well-sized sink, toilet, shower or bath can reportedly increase your property’s sales price. To transform your space, learn more about the best affordable bathroom supply and installation Glasgow can offer.
Update Your Kitchen
Many house hunters will often head straight to a kitchen when viewing a property. If your kitchen isn’t both functional and attractive, they are unlikely to make you an offer. If they do, they might be tempted to lower the asking price to cover the cost of a renovation.
If you want to have people queuing up to make an attractive offer on your home, consider updating your kitchen. A completely new kitchen with new appliances can reportedly cost an average of £8,000, but it could increase your property’s value by up to 6%. This equates to approximately £13,000 for an average-priced property in the UK.
Create a Driveway
Off-road parking provides homeowners with peace of mind that they’ll have a secure place to park their car each day. As a result, a driveway could be an attractive feature for house hunters, and it could also add value as it is a popular preference for many homeowners.
Increasing your home’s value doesn’t necessarily have to break the bank. Rather, savvy solutions using the space available can see you increase your home’s value, often with minimal effort on your part. Although this may be stressful at the time, you will benefit from it in the long run. Consider the areas of your home that will benefit from a revamp to the extent where you may never want to leave!