How To Increase Home Value

Dated: October 15 2020

Views: 165

How you can increase home value

how to increase home value

As a homeowner, it is a wish of a person to increase the value of his house. However, sometimes due to a lack of knowledge, it becomes difficult to add value to their home. According to reports, 70% of homeowners consider their home as a top property and treat their home as their biggest property. Similarly, a survey conducted by NerdWallet has shown that 65% of homeowners believe that the value of their property will increase in the next ten years. So if you are among the ones who want to increase home value, then you have landed in the right place. In this article, we are going to discuss briefly how you can increase home value as well as important factors that can affect the home value in the area of Coronado.

In the end, we will learn how our platform Aileen Oya Realtor is the best place where you can contact to get the best possible assistance related to your property.

How to increase home value?

Following are some important steps that you can follow to increase your property value:

Make Your Home More Attractive

The first and foremost thing that you should remember to increase the value of your home is to add value through different attractions. Adding certain decorations in your house will not only increase its value for a buyer, but it will become a prettier place to live for you as well. Here are a few tips that you can use to increase the attraction of your home;

  • Adding a fresh coat of paint is one of the simplest and most effective things that will give a fresh and updated look to your space. So carefully paint after a careful selection of color and shades will increase your home value. According to the NAR data, painting the home can increase the joy score of your home most significantly.

  • Adding a fire pit outside can cost up to six thousand dollars, but according to NAR, this will give you back at the time of selling your house.

  • Upgrading the landscape is one of the most effective ways to add value to your home, and this could be managed by proper plantation and trimming of plants.

  • Installing some attractive outdoor lighting can be significant in building the interest of buyers.

  • Add the best kind of irrigation system in your home to maintain the greenery of the lush lawn or garden.

  • Build a patio in your backyard that will increase the appeal toward space.

  • Create a little outdoor seating space that will increase the beauty of the outdoor.

  • Grow the new plants and flowers and keep trimming existing ones.

These are the few things that can increase the attraction of your house. Now let's discuss the second thing that can increase the value of your home.

Increase The Space Of Your Home

how to increase home value

As we know, the bigger the home, the more it will be valued, because the cost of a house is usually based on per square foot. So observe the structure of your house and find out how you can make more space. You can add a separate room for this purpose, and this will vary from situation to situation.

Increase The Efficiency Of Your Home

The efficiency of the home in terms of energy conservation is one of the most important aspects to increase the value of your home. In places that are extremely hot or cold, energy conservation can play an important role in deciding the value of the house. According to real estate professionals mentioning the energy conservation in-home listing proved to be very valuable. Heating and cooling efficiency, lightning, and energy conversation of appliances, and solar panel installations and upgradations are few areas that can increase the value of your home.

Adding More Technology & Updated Appliances

what makes property value increase

Adding smart and updated technology is another way that will increase the value of your house. Investing in smart technology, such as the updated thermostat, security cameras, door locks, fire detectors, and updated lighting will give a boost to the value of your house. If you have outdated air conditioners, plumbing lines, water heaters, and worn-out roofing then it will severely affect the value of your home. So, up-to-date smart technology should be installed to increase the value of your house.

Increasing The Beauty Through Plantation

Plantation and lush green lawns are some of the best ways to increase the value of the house. To update the greenery and lawn you should hire a lawn Service Company to make changes in the lawn or garden. Trimming of the trees and plants will increase the beauty of your home, as a result, so will its value. In addition to this trimming, various kinds of flowers that can be specifically used for decoration will increase the attractiveness of your home as well. Therefore, investing in this area can also be beneficial for your home's value.

Maintaining The Cleanliness

Cleaning the home before showing plays an important role in increasing the value of your house. According to particular surveys, 89% of realtors consider cleaning as an important factor, and according to their recommendations, homes should be cleaned before showing it to the buyers. Homeowners should take care of daily vacuuming. However, if you feel your home needs a deep cleaning, then hire a professional company. This company can effectively deal with the areas that ordinary individuals cannot clean as effectively as a trained professional can clean.

Increasing Updates In A Kitchen

what makes property value increase

The kitchen is considered as the area that buyers usually more carefully observe, so the house owner should carefully set it. Old counters can devalue your house, so replace them with the more updated granite or quartz as they can get installed easily. Similarly, owners should lights that are specially designed for the bottom of the kitchen counters. So, the addition of LED lights will add value to your kitchen, and it will increase the value of your property. In addition to these changes, the owner should add overhead pots and pan racks as well. Similarly, the sink should be upgraded with a modernized faucet. If you follow all these above things, it will increase the value of your property.

Replacing Old Rugs & Carpets

According to experts, some modern buyers are usually offended if they observe worn-out rugs. When the buyer thinks that he has to change all this stuff on the floor, then he will reject it because of this idea. So, replace at least carpets from the flooring according to your budget.

Bathroom Upgrades

Bathroom updates are one of the most important things that buyers usually take more seriously, so it is necessary to pay attention to them. If bathrooms are not updated, then paint them in contrast with the rest of your home. Some experts recommend blue is the best color for the bathroom. Similarly, basic things like the toilet should be updated to recent styles to add value to the bathroom. So, focus on these changes as it will increase the value of your home.

Hire An Expert Home Inspector

Before asking a buyer to visit your home, it is crucial to hire a professional expert. It will help you to understand the condition of your house, and spending a few dollars will make a good impression on the buyer. Similarly, you can contact our platform to get a basic understanding of different aspects of increasing the value of your property.

Factors That Increase The Home Value

After discussing specific ways of increasing the value of any home, now let's find out some important factors that will decide the actual price of your house.

Location Of The Home

what makes property value increase

The location of the house is one of the most important factors that will decide the actual value of your home. As an example, imagine having a home located in Coronado San Diego, you would have elementary schools, restaurants, parks, beaches, and many other picnic points nearby in the surrounding area. Thus, your house will have these advantages due to your location.

Space Of The Home

As we have discussed in detail that the space of the home is one of the most important factors that can increase the value of your house. More will be space; more will be the value of your house.

Condition Of The House

how to increase home value

The condition of the house is again important because if your house is new and up to date, its price will be above average. Similarly, if your house needs updates then certainly the buyer will be willing to pay less for it.

The Environment Around The House

The environment around the house plays an important role in deciding the value. It will depend on how your neighbors are behaving, similarly, if the environment is moderate or not. In a short comfortable environment is the priority of any buyer. Thus, your environment will be a key factor in deciding the worth of your house.

What Hurts Property Value?

The following are some things that can hurt the value of your home;
  • The bad condition of the paint

  • Lack of attractions at home

  • Noisy neighborhood

  • Lack of developed and healthy schools around your house

  • Lack of internal aesthetics

  • Bad conditions of the kitchen and bathrooms

How Can Our Platform Help To Add Value To Your Property?

As a real state professional in Coronado Island, Aileen Oya will provide not only expert advice but also "New age technical support" to her customers. As a realtor, she has extensive knowledge about the area and can provide essential guidance to her clients, so contact her to discuss further the mission statement and for other queries.

Conclusion

In this article, we have briefly discussed the important ways to increase the value of a home. Readers will be able to get practical knowledge that will help them to increase the value of their property.

Tags:

How To Increase Home Value, What Makes Property Value Increase, What Hurts Property Value, Coronado Ca Real Estate

 

Blog author image

Aileen Oya

Real Estate Professional in Coronado Island, California associated with TenX Realty to provide you new age technical support with the customer in mind. As a REALTOR, spending significant time in the t....

Latest Blog Posts

Buying Real Estate - Why Coronado Is a Good Place to Purchase Real Estate

Buying Real Estate - Why Coronado Is a Good Place to Purchase Real EstateSearch for a home that provides a distinct haven from the hustle and bustle of the big city. Buying a home in the scenic San

Read More

How To Increase Home Value

How you can increase home valueAs a homeowner, it is a wish of a person to increase the value of his house. However, sometimes due to a lack of knowledge, it becomes difficult to add value to their

Read More

How Will The 2020 Election Impact Housing

How Will The 2020 Election Impact HousingThe 2020 presidential race is pivotal for several reasons, including its implications for the construction industry, which frequently receives less attention

Read More

Coronado Shores Real Estate – Everything you need to know before you invest

Coronado Shores Real Estate – Everything you need to know before you investCoronado is a resort city, which you can find within San Diego County. It is a rapidly developing community. People

Read More