Top 5 Ways to Boost Home Value
Spring is near, which means the peak home buying season is not far behind. If you’re considering selling or are just looking to make some upgrades to your house, here are the best bang for your buck ways to increase your property value:
Curb Appeal First impressions are everything; don’t let overgrown foliage or a weathered front door scare off potential buyers. A couple hundred dollars invested in professional landscaping can go a long way, and is a safe bet for a higher return.
Fixtures For an easy DIY project, consider updating all of your fixtures. Cabinet hardware, faucets, and lighting are all small investments that will immediately transform the look and feel of your house.
Flooring It’s the first thing you notice when you step inside a house, so make sure it’s presentable. Older hardwood floors can be refinished to bring them back to life, broken tiles can be repaired or replaced, and carpet can be ripped out. New flooring can be a costly investment, but it retains its value exceptionally well.
Space Finishing a basement or building an addition will increase your home’s square footage and allow you to create more living space. You can also create the illusion of more space by removing a wall, a kitchen island or cabinets.
Go Green Energy efficient appliances and heating and cooling systems can not only save you big on monthly bills, but are also becoming more and more desirable to prospective buyers as well. To help offset the costs, be sure to take advantage of the available green tax credits and energy-saving rebates.
Remember to let your insurance broker know about any renovations you’re planning to do (no matter how minor or major) to ensure your investment is properly covered. To get in touch with one of our expert advisers, click here.