Real estate properties, especially residential units like Bria house and lot and Bria condominium units, have been regarded as good investments as these continuously have an increasing value over time. As such, investors look for various avenues to improve their cash flow from these real estate properties by venturing into numerous ways to make profit. These could be by means of leasing out the property, by flipping it, or by holding it over a period of time and reselling when its market value accrued. Nonetheless, one of the most sought after ways is by reselling the property with either market driven value appreciation or by doing some home improvement projects that add value to your home.
As such, Bria Homes will provide you with some of the home improvement projects that truly add value to your home. There are numerous factors that influence the market value of your home. To name some, these could be your location, home size and usable spaces, its age and condition, the local market, economic situation of the country, interest rates for mortgages, and of course, the updates and upgrades that you do to your well loved home. Thus, whole house renovations indeed, can add value to your house and lot. However, there are methods and ways in which it will cause you to be in debt or at least ransaking your savings. Painting, re-grouting tile, and power washing the outside of your home won’t cost a lot of money, but these do-it-yourself home improvements can add real value to your home.
With some value-enhancing improvements projects– some others referred to as sweat equity– like physical labor, mental capacity, and time to boost the value of a specific project or venture. A Do-It-Yourself (DIY) attitude and projects, your property will be ready for it to be sold. And if it happens that you are not ready to sell your well-loved house and lot or condominium unit, you can enjoy having a truly beautiful place to live in. Here are a few of the low cost , high value home improvement projects that add value to your home for you to consider.
Seven Simple Interior Updates
- Freshen up the walls
Do your walls have these unwanted taints, dirty paint, an outdated and fading color or wall papers? If so, a little elbow grease and a few cans of paint could make substantial changes. With the intent of reselling your property, any project that you will be doing must contribute to the maximization of its fair market value of your home for sale, it is ideal to choose a neutral color scheme that makes it appear more spacious. Also, neutral colors are quite easy to match with various interior designs making it more appealing to potential buyers.
- Add Crown Moldings
Putting in crown molding is a surprisingly easy task that can improve the interior of your home by creating a visual interest. Indeed, crown moldings are easy to install with power nails or with a nail gun and a power miter saw. Furthermore, as part of your DIY home improvement project, you can easily purchase crown moldings in almost all of the major stores. Parallel with making your room feel larger, molding also is a good investment especially in historic and ancestral homes since it keeps the look and feel of the interior consistent. Rooms like the dining room, living room, and even the primary bedroom can benefit from crown molding when it’s styled tastefully.
- Update fixtures
Updating your home fixtures do not just improve the physical features and market value of your home you intend to sell. Moreover, at some point, it also helps you to make the energy consumption of your home more efficient. Replace your switch plates, outlet covers, outdated curtain rods, dull looking door knobs, and light fixtures. Choose the kind of light that has a chill and more modern vibe – or whatever matches your personal style. You may opt to choose from various LED lights available. It not only will make your guests in awe as they see your new and improved aesthetics of your spaces, as mentioned earlier, you will also be able to save on energy costs if you make the switch to LED lights. Though improving your light fixtures could substantially cost you, it could be compensated by your property’s improved market value.
- Improve window treatments
Aside from providing aesthetics to your home, windows also provide a means to be energy efficient. As windows act as air ventilators and provide a good ventilation in your home, heat gain and heat loss through your windows are about 25% to 30% of residential heating and cooling energy use. Thus checking your window frames and types will sure make a difference. By adding plantation shutters, wooden blinds, or drapes are another good addition to your window to ensure efficiency and decorative features. Again, if you intend to sell your home, choose neutral options that can aid you get a better price for your home.
- Any Kitchen Update Equals Added Value
Improving your kitchen is, in fact, a tested way to maximize the overall market value of your home – as others say, the kitchen is the key. You may start by simply replacing or renovating some old items like the stained sink or ancient microwave for new shiny stainless models. You may also install bold cabinet designs or uncommon shelving and storage spaces, add a touch of metallic hardware and splashbacks, and implement statement décor, among others. Even a small kitchen with small spaces, will bring additional value to your home.
- Basic Bathroom Upgrades
Similar to the kitchen, the bathroom also plays a crucial role in improving the market value of your home for sale. As bathrooms are constantly exposed to water and damp, it’s worth carrying out simple DIY projects to ensure the good condition before starting to show it to your potential buyers. Although none of these changes are as dramatic as a full-blown bathroom renovation, having new fittings can help when your home is being valued. You may opt to redo the bathroom floor, address bathroom ventilation, install items where to hang items, and improve bathroom lighting, among others.
- Improve the Home Interior
Though kitchen and bathroom improvements truly make a difference in the value of your home for sale, some basic home improvement projects that add value to your home are not specific to any rooms. Interior decoration trends change overtime. Hence, it is important to make your interior at par with the trends of the times to make it more appealing to potential buyers. Some of the interior improvements you may do include removing the popcorn ceiling, replacing old and dirty carpets, and putting in the proper furniture.