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Photo Credit: Avi Naim
Are you thinking about making some changes to your home? Perhaps you are keeping in mind a future home move. If so, then you’ll have one objective over any other. You’ll want to make sure that you get the most money possible when it’s time to sell. This will mean that you have benefited from your investment and you will be able to potentially buy a larger property. Alternatively, you can use the extra money to build up your savings or put it towards another investment. It’s entirely your choice. You’ll need to consider what option is best for your finances.
However, we’re getting ahead of ourselves because first, we need to think about the changes you need to make to boost the property value. Let’s take a look at some of the possibilities.
Aesthetic Alterations
A lot of people assume that in terms of selling a home, the interior design doesn’t matter. However, this isn’t quite true. The reality is that the appearance of your property and whether it is in style will determine whether people want to buy your home over others on the market. This is particularly true for aesthetic changes that are going to remain once you change like build in cupboards and wardrobes. Are custom closets worth it? Well, in some rooms, the answer is yes because they can provide you with more space, ensure that the room looks contemporary and deliver the dream that buyers are looking for.
Even smaller changes such as new faucets or light fixtures can help create the beautiful home that buyers desperately want to discover on the market.
Larger Changes
Alternatively, you can think about making larger changes to your home. For instance, you might want to think about completing renovating a space in your home that is currently underutilized. A great example of a space like this would be the attic. Converting an attic into a space that you can use for more than just storage isn’t easy or cheap. However, when you approach this option the right way, you can gain a lot. For instance, you could add as much as ten percent onto the asking value of your home. Some contractors claim they can push up your home value by 25.
This isn’t the only big renovation or conversion you can consider. For instance, you might want to convert the garage. The only issue here is that it will put buyers off who are keen to have space where they can keep their car inside, particularly at night.
USP
You should think about how you can make your home stand out on what is largely quite a competitive market. This means that your home needs a unique selling point and this could be anything. For instance, it’s possible that your property is in an area where very few homes have pools. The only thing that you want to be careful about here is that you don’t outprice your buyer. There’s no point in making expensive changes if a typical buyer looking around your neighborhood will struggle to afford your new home.
