Key Considerations for Increasing Resale Value of Your Home

Key Considerations for Increasing Resale Value of Your Home
  • Opening Intro -

    When it comes to real estate, adding value to your home certainly increases its resale value.

    There are several additions you can make and it doesn't really matter where you start from.

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When it comes to real estate, adding value to your home certainly increases its resale value. There are several additions you can make and it doesn’t really matter where you start from.

For example, you can start off by renovating your kitchen. Homes that have high quality kitchens with a substantial work space and recently released appliances can garner good value.

In case of bathrooms, space is the fundamental factor. Whirlpool tubs are now cheaper and are an adequate placement for good looking bathrooms.

Home soundproofing might be a great solution for attracting people to buy your home at a good price.  The easiest way to soundproof your home is to install sound proof windows and doors, which are also going to help in case of noisy neighbors or a rowdy neighborhood bar that keeps you up at night.

A major portion of your home design should focus on the master bedroom. A large number of home buyers tend to place great importance on the master bedroom. The ideal design would be a lounging space, walk in closets and an adjoined bathroom.

One benefit of technology is that it has allowed the certain aspects to become cost effective. Hardwood and granite are examples in this regard, and they can make the natural look of floor very appealing. It also serves as a decent alternative to wall to wall carpeting, for which cleaning is a common issue.

Analysts have calculated that a good first appearance can increase your value of your estate by 10 percent. If the buyer feels cleaning isn’t up to the mark, the value will go down in his/her eyes upon first glance, even if other additions are top notch.

Window placement and the light are significant features. Insulation is going to be important in this case. It becomes a valuable plus in locales where there are frigid winters. The estimated cost for 2,600 sq. ft. home windows is roughly around $5,000 to $7,000.

Yards are important to get the extra price you’re searching for. It doesn’t have to be similar to what you see in décor magazines, but there should be some sort of landscaping. The first thing that should be done in this regard is to search the pattern from neighboring houses. This would give you the least yardstick, and the kind of improvement you need. Bankrate evaluates that a mature tree in the lot can amount to $1,000 in Alabama.

All that being said, storage is also of paramount importance. ‘Plenty of storage’ is the mantra of nearly all new home buyers. So focusing on this element in the garage, attic and even the bedrooms is important. People tend to have this unfounded fear that the house might be too small to accommodate their possessions. So you can negate their thinking, and rather cash on it by adding adequate space. Despite of fluctuation in the market, less people look to downsize, while others maintain same amounts of possessions.

A finished basement with no water problems is a worthwhile value addition. Remember, if you have a basement, the worth can only be increased if it’s finished. Otherwise, it may become an underused asset.

The current real estate market can be described as soft and majority of buyers are kind of confused. In such scenarios, homes that project an ideal first appearance tend to be better off. The aforementioned features should be the key points for all home sellers.   

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