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6 Tips to increase the valuation of your home or villa

Selling your home, however luxurious or high-end it may be, might be easy in a booming market – and you probably want to achieve the highest valuation? Yes, house price affordability is an issue according to latest statistics – and you’re about to add to it if you can learn from experts what adds value to a home. According to more than 50 real estate agents and surveyors, the following are 6 effective ways in which to increase the value of your home:

 

  1. Work on your curb appeal.

The saying, “first impressions count” can sound like a cliche but it is really true when it comes to selling your property. Prospective buyers most often form an opinion when they are pulling up to your home for the first time – this is why it is so important to have excellent curb appeal.

Curb appeal refers to how your house looks from the street and involves the appearance of your front yard, pathway and front door.

For the best possible curb appeal, you may wish to consider landscaping the front with the help of a professional if gardening is not your strong suit. Otherwise, tidying up your flower beds, planting some colorful flowers and ensuring that your front yard is free of any fallen leaves or weeds can really go a long way in making it look great.

A freshly-painted front door with highly polished brass fixtures also creates a sophisticated and welcoming first impression and doesn’t cost too much, either.

 

  1. Renovate your staircase

This is an opportunity that is often overlooked: People think that the entire staircase needs to be replaced – and that it will be costly affair. But according to Stairnation, it is possible to use a combination of balusters (steel or wood), possible new stairs, rosettes and handrails to create a WOW factor for much less. It turns out that staircase renovation is not that expensive after all, often increasing the ROI on major property revamps.

 

  1. Increase the square footage.

Generally speaking, the bigger your house is, the more it will sell for. Space is also one of the most important factors that buyers take into account when purchasing a new home.

Extending the size of your house can be a costly exercise upfront but this can easily translate into a much higher selling price and a quicker sale later on.

Increasing the size of your house can be done by adding an additional room, increasing the size of your garage or even adding another floor.

If you don’t have the money or the time to for such extensions, a handy way of adding space is to finish your basement. Instead of being a storage or laundry area, a finished  basement can be a wonderful, separate living area.

Another cost-effective option for adding extra space could be to add on a deck to the back of your home if you don’t already have one. Upon viewing a deck with attractive outdoor furniture, many buyers envisage themselves relaxing outside and feel more drawn to the property.

  1. Go smart.

Over the past few years, you have probably heard the term, “smart house” mentioned at least once. With more and more homes becoming smarter, this feature has now become a highly attractive one when it comes to purchasing a home. Young, as well as some older buyers, consider a home with a smart technology system to be important.

A smart house contains intelligent technology that enhance both the safety and comfort of a home and can include voice-activated light switches and door locking, energy-efficient thermostats and carbon monoxide detectors, to mention just a few.

A home can easily become smarter simply by installing such technology. These smart systems are available at most big box hardware stores and, depending on what you are looking for, you can buy one for less than $1000.

Alternatively, you could hire a smart technology system installer and get the job done in a day.

  1. Upgrade your kitchen.

The most important room in a house when it comes to selling your home is undoubtedly the kitchen.

 

A dated and tired-looking kitchen can be a huge deterrent, which is why it is strongly recommended that you ensure that your kitchen has been recently upgraded.

Unfortunately, kitchens can be quite expensive to remodel, especially if you hire someone to do this for you. The good news, however, is that if you don’t have the funds for an upgrade, there are a few simple steps you can consider to renovating it yourself.

A new coat of paint can work wonders on old and dark cabinets. At most hardware stores, you can find special paint to give it a faux-wood finish which looks almost exactly like the real thing.

Changing out your faucets with newer, modern ones and replacing cabinet handles are small changes that can have a big impact. New tiles can also breathe fresh life into an otherwise older-looking kitchen.

 

  1. Make your home energy-efficient.

Before signing on the dotted line, a prospective buyer will usually want to know how energy-efficient your home is. Because an energy-efficient home costs less to run on a monthly basis, you could increase your selling price.

A home that conserves energy (especially in cities that experience extreme hot and cold temperatures) can be an excellent selling point.

Ways in which you can conserve energy could include replacing old windows with double-paned ones, improving your ceiling’s insulation and installing LED lighting throughout the home. Another very attractive option (but expensive in the short-term) is to install solar panels on your roof.

Increasing the value of your home or villa can be a time-consuming and sometimes costly endeavor. However, if you are committed to it, it can reap many benefits financially.

 

 

 

 

 

 

 

 

 

Francisca Sequeira

A late bloomer but an early learner, Francisca likes to be honestly biased. Though fascinated by the far-flung corners of the galaxy, she doesn’t fancy the idea of humans moving to Mars. Francisca is a Contributing Author for Newstrail. Be it tech trends, mobile devices, laptops, etc. he brings his passion for technology wherever she goes. Needless to say - she enjoys covering luxury tourism too.
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