Owning a house or home is not just an emotional experience. It is as well an important financial decision, which you may pay dividends as you build equity onto your home and see an increase in the value of your property over time.
The rate of a property to increase value depends on several aspects, including the economy in general, housing demand, and home location, just to name a few. However, as a homeowner, you can also impact the value of your home in the following ways:
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1. Declutter and Clean
In order to improve the value of a home, ensure you start by decreasing the stuff amount which is inside it. Decluttering and cleaning are inexpensive tasks, even in big houses. To clean your home professionally can cost you around $215.
Basically, you may save cash by doing the task yourself. Begin by going through closets and cabinets and making donation piles. Afterward, clean the drawers as well as other storage areas to ascertain that you get rid of everything you don’t require.
2. Add Extension
When individuals think of the increasing value of a home, they usually think of improving the outdoor living areas, wall painting, and repairing things in the house.
But among the greatest ways to add value to a home is usually overlooked. According to experts at Extension Plans UK, the best way you shouldn’t ignore is by adding an extension. This is because it gives design freedom and is an effective way to make your home look modern.
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3. Paint and Give the Interior a Refresh
The adage that flirting with some new paint ideas does great wonder is true. The same thing holds true for drapes, carpeting, wallpaper, and décor refresh. But painting is among the most impactful and affordable ways of adding value to a home.
On average, one gallon of paint goes for about $24, giving you a lot of cash to purchase brushes, drop clothes, tape, and rollers. Some studies have shown that painting your home’s interior can have a return of 110 on investment.
4. Use Shed to Improve the Garden
Your garden is definitely the key to improving the value of your home. Summer with dry and hot winds may impact the growth of gardening some plants.
It is a great idea to build a shed that can increase the value of your home. A shed is not just an investment. It can also serve as a storage solution.
5. Convert the Garage into a Living Space
If you don’t use your garage to house your vehicles, it will make more sense to convert the space into a living room. The first step to getting started with this is to determine if your garage is perfect for conversion and whether there are planning permissions.
In most cases, the task involved in converting garages can be classed as permitted development. While you won’t require planning permission, checking with the local planning authority might be imperative.
The Bottom Line!
If you own a home, chances are, you’re looking for ways to improve its worth or value. And the amount of value you add depends on infrastructure, location, and popular growth. But there are several things you may control to improve the value of a home, including adding an extension, painting, and converting the garage into a living space.