Increasing the value of real estate in five simple steps - Born2Invest
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    Increasing the value of real estate in five simple steps

  • Increasing the value of real estate in five simple steps

    For a successful sale on the seller’s end, the seller must improve the home’s value.

    Since homes are competing against each other for attention, buyers can go anywhere they wish.

    Buyers can afford to be meticulous in a buyer’s market, and while sellers benefit in a seller’s market, buyers may not purchase the homes offered. Regardless of the market landscape, the seller must persuade buyers to visit their property by maintaining and upgrading the home. Ensure the home’s asking price is worth the price in five steps.

    Adding a garage or carport

    Many states don’t allow parking on the street or the grass. Homes with parking spaces are just a concrete space large enough for cars to rest. Neither parking space is welcome during winter or rainy days. A carport or garage keeps vehicles protected from rain and snow. The garage can double as outdoor storage space. Carports can use a utility closet or an unused area near the carport as storage space.

    Bedroom conversion

    An unused basement, attic or spare room will work wonders as an additional bedroom. The flexibility in basements and attics adjust to every homeowner’s purpose. A spare room to bedroom conversion is a simple process if no items attach to walls or the floor. Examples are gym rooms and home offices. Include a portable closet to complete the transformation and complete bedroom requirements. A bedroom transformation to avoid is the garage. Buyers are looking at garages for car storage, not as a bedroom.

    Paint

    The unorthodox colors accompany the homeowner’s preferred tastes. The colors aren’t wonderful for buyers. It is baffling how paint can transform a home from yours to theirs within hours. Paint the exterior and interior walls for unrecognizable transformations. For best results, stick with neutral colors inside and neighborhood colors on the outside. Common neutrals are white, beige, and gray.

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    Then, decide on whether to paint the rooms manually or professionally. Professional painters are effective, yet expensive. Manual painting is inexpensive with a personal touch; however, the results could appear unprofessional.

    Budget-conscious sellers select rooms that increase home value and paint them manually. Naturally, kitchens and bathrooms are paint-worthy, so paint those rooms a neutral color. Additionally, paint brightly colored rooms a neutral color as well.

    Hardwood floors

    Carpet is the popular choice for flooring because it’s the cheapest. Buyers, however, understand maintenance struggles with carpet cleaning, so they lean toward hardwood floors. The high demand for hardwood increases the home value of homes that contain it. Receive the best of both worlds and install engineered hardwood flooring over traditional hardwoods. It’s the most inexpensive woods.

    Earth-friendly items

    Buyers who invest in saving the environment will appreciate energy-saving, eco-friendly items. Examples are energy-saving appliances, a solar panel roof, eco-friendly HVAC units, and energy efficient windows, ceiling fans, toilets, and water heaters. Earth friendly items lower energy or light bills by using less water or energy. Daily routines such as washing dishes or turning on the HVAC unit bring the same results with less energy or water used.

    For a successful sale on the seller’s end, the seller must improve the home’s value. To raise the home value, the home requires more TLC from the seller’s end. Some steps are inexpensive methods; some cost money. All work wonders for home value. In conclusion, allow these steps to justify the increase to buyers.

    DISCLAIMER: This article expresses my own ideas and opinions. Any information I have shared are from sources that I believe to be reliable and accurate. I did not receive any financial compensation in writing this post, nor do I own any shares in any company I’ve mentioned. I encourage any reader to do their own diligent research first before making any investment decisions.

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