5 Interior Upgrades
The rate at which your home's value rises often depends on several factors. These factors include the prevailing economic conditions, the local demand for real estate properties, and the locality of your home. However, as a homeowner, you can also influence your home's value by undertaking certain upgrades over time. Eventually, such changes will raise your home's appeal and warrant a higher selling price.
Below are five interior upgrades to undertake that will raise your home's value.
1. Add customized closets in the main bedroom
One of the upgrades you can undertake to raise your home's value is to add a large, functional walk-in closet. More often than not, prospective homeowners consider this a luxury that appeals to them.
Custom closet installation prices differ considerably, but we can connect with contractors who can offer you affordable solutions that maintain the high–end appearance.
2. Embrace energy-efficient features and appliances
Adding energy-efficient appliances will help you lower utility expenses while you own your home. And when the time comes to put your home on sale comes, such upgrades will appeal to potential buyers and warrant a higher price.
Nowadays, prospective homeowners are keen on purchasing homes with energy-efficient features and appliances to reduce utility costs after becoming homeowners. You can upgrade to CFL or LED light bulbs, for instance. Or you could decide to install solar panels on your roof to increase your home's value.
If your home presently has outdated features and appliances that waste energy, we at TheHomeMag can link you to a professional company to help you upgrade. For instance, Renewal by Anderson can help you install energy-efficient replacement windows to increase your home's value by making it energy-efficient.
3. Invest in kitchen and bathroom upgrades
If you've been in the real estate industry long enough, you perhaps know that upgraded kitchens and bathrooms sell homes.
n most cases, a kitchen or bathroom upgrade can provide a 100% or greater ROI. What's more, the percentage could increase based on the finishes you decide to add and how much value such upgrades offer compared to your home's current state.
Therefore, undertaking kitchen and bathroom upgrades is one of the most effective ways to raise your home's value. We recommend Ace Kitchen & Bath home improvement contractors for kitchen and bathroom upgrades that will see your home's value increase.
4. Applying a new paint coating can do the magic
Painting offers an affordable alternative for you to upgrade and revamp certain spaces in your home to increase your home's value. Newly painted spaces in your home feel modern, neat, and refreshing without causing serious financial strain on your wallet.
When choosing paint colors to apply, opt for neutrals instead of bold colors. That's because most homebuyers prefer neutral colors, making this choice more appealing in the real estate industry.
5. Complete your basement or other incomplete spaces
While appraising and establishing your home's fair market value, finished square footage is critical.
While you may not be willing to undertake heavy-duty upgrades, simple adjustments like adding a carpet to some unfinished spaces can be profitable. That's because doing so enables you to raise the value of your home by extending your home's finished square footage.
Upgrading your home with the intent of selling it soon can be a profitable undertaking if you know the type of upgrades that will raise its value. Contact TheHomeMag now through Facebook and Instagram to learn more about upgrades that will increase your home's value.
