As a homeowner, you’ll want to do everything possible to ensure that your home has the best possible value. Some homeowners choose to ensure that their houses are beautiful from the outside to up the curb appeal, others choose to upgrade the outside with external structures or landscaping so that they can improve the value of the house in a minute. No matter what you do, you need to speak to an expert before you put your home onto the market.
Nobody wants to have their home inappropriately valued because they didn’t make the most of upgrades when they could. From portable homes that can be built with a specialist team, to working on an extension, there are many ways that you can add value to your home if you know where to look. Below, we’ve put together four great ways that you can add value to your home and insure that you are making an excellent investment overall.
- Extend it. Your home is going to have much more value if you extend it and add room and floor space. Those who choose to add a conservatory, a sunroom, another bedroom or bathroom and even a granny home in the backyard, will see significant value added to their home and it doesn’t even take very long to range. Knowing your budget and speaking to an expert will help you here, but extending your home is a surefire way to add the value that you need for when you sell.
- Choose your location wisely. This one is more a tip for those who are buying a home and considering the location of said home. If you are new to investment, then you may not realise that choosing the location of your home is going to make a very big difference to the value overall. If you know you are buying in an area that is of low socio-economic standing, then you may well be choosing to invest in a home that is not right for you. Choose the area wisely and you won’t have to worry about this problem.
- Add parking. Other than expanding your driveway, ensuring that you have bought a parking space locally that you can add to your house, you’ll be able to add value to your home. Did you know that you can actually cause a price difference of over $100,000 if you have a car parking space with your home? You can use your home loan to invest in a property with ample parking or you can even just arrange some. Either way we are looking at adding value to existing property.
- Take a long look at it. Go outside and walk around the edge of your property. Look at the front of the home, the sides of the home, and the back of the home. What do you see? What draws your eye? What are the positives and the negatives? This list is going to help you to ascertain whether your home has any curb appeal or whether or not it should be a lower value than you think. Improving the curb appeal of your home will make a massive difference so look there first..