by Shawn Boday | Sep 7, 2020 | Home Buying Process, House Flipping, Housing Market, Shawn Boday, Uncategorized
Selling your house may not be easy as you may think. Between getting it ready for showing and finding the best realtor to sell it for you, it’s a hectic and overwhelming process. There’s nothing as bad as placing your home on the market, only for it to remain unsold months later.
To increase the resale value of your home, it would help to be proactive about repair and maintenance. Planning a remodel job may also go a long way in adding value to your home when it’s time to sell it. Here are 3 home renovation projects you should do if you’re looking to sell your house.
A Bathroom Upgrade
Renovating your bathroom is one of the easiest ways of increasing the value of your home. Such a project will make it possible to install completely new plumbing fittings and fixtures.
You could also take advantage of this opportunity to put in shower heads that consume less water each minute, and toilets that utilize less water during each flush. This way, your new bathroom will lead to less water wastage, leading to cheaper water costs. This is bound to have a heavy impact on the house’s resale value.
Finished Basement Space
Having a completed basement will help ensure that your home is properly insulated. This means that there will be less leakage of heat into and out of your home, implying that you’ll spend less money cooling and heating up your house. It will also provide extra space that could serve as a wine cellar, gaming room, or even a family TV room. A finished basement is more than likely to jump out to a homebuyer that’s looking for maximum space.
Upgrade the Kitchen
The kitchen is arguably the most important room in every house. By providing the space to cook good and nutritious food, a functional kitchen plays a key role in making sure you and your household lead a healthy lifestyle. Renovating your kitchen would, therefore, be a great way of adding value to your home before putting it on sale.
Remember to upgrade the flooring, countertops and cabinetry to something new and elegant. If you can, put in a new kitchen island- this will make the kitchen even more functional.
Calling in a professional remodeling service will make sure you have someone you can entrust your home to. Although some home renovation projects may be quite expensive, it’s possible to get almost all your money back when you put your house on the market. These projects have great return rates, and will make sure you sell your home without having to compromise on prices.
by Shawn Boday | Apr 21, 2020 | House Flipping, Real Estate Investing, Real Estate Tips, Real Estate Value, Shawn Boday, Uncategorized
An investment property can be a highly lucrative opportunity for all kinds of investors. Even so, these types of investments do require a bit more hands-on maintenance than other investment vehicles. Fortunately, it is quite easy to increase the value of an investment property. To do so, homeowners must only complete minor upgrades that will significantly improve the overall aesthetics of the property in question.
To get started with your upgrades, first look for minor cosmetic improvements that can be made. For instance, the flooring within many rentals often becomes quite damaged over time. By simply regrouting and deep cleaning tile flooring in the kitchen and bathrooms, you may instantly improve the overall aesthetics of your property. This goes for the rest of the house too. Renters love clean properties. The cleaner are you able to make every surface found throughout your property, the more desirable will it become in the eyes of discerning renters.
A fresh coat of paint on interior surfaces may also go a long way towards convincing renters to occupy a property. Fresh paint can instantly cover up any scuff marks that were created by past tenants while also allowing you to customize the property’s appearance. Try to avoid choosing paint colors you would personally enjoy having in your own house, though. When selecting a paint color, it’s essential to use a color that is widely accepted so that your property may appeal to the highest number of potential renters.
The same principle may be applied to the exterior of your property as well. Dirt and grime build up over time on the exterior of every house. By simply washing down the exterior of your property, and giving it a fresh coat of paint, you can make the entire house look just like new. If you also make the wise decision to add some color through the addition of a few new plants here and there, you will undoubtedly be rewarded for your efforts.
While minor, aesthetic improvements will definitely help to boost interest in a property, they are not the only upgrades that should be made. To ensure your renters will want to occupy your property for many years to come, it is also important that every aspect of your property be in good working order. Replacing hinges on doors and upgrading the hardware on kitchen cabinets will provide renters with an excellent experience that will keep them satisfied for many years to come.
