Increasing the value of your home is always a smart financial decision. You might want to sell your home in the near future, so you need to increase its value, or you might just want to make improvements, so your home will be updated. Whatever the reason, here are five property development tips to add value to your property in 2012.
1. Paint the Outside and Inside of your Home
You will be surprised at how much a fresh coat of paint can enhance a home. When you are selling the property, a potential buyer needs to have a memorable first impression of the home. It is important that you choose the color wisely, so it does not clash with the surroundings. Neutral colors are usually safe. Whites, grays, blues, tans and browns are always good shades of colors to use when painting your home. Lighter colors are more suitable for smaller areas, and darker colors are better for larger spaces.
2. Enhance the Landscape
Trees, plants, shrubs or flowers can affect the value of the property. A yard that is not manicured properly can really be a turn-off to potential buyers. You are much more likely to sell your property at a higher price if the landscape is attractive. A relaxing and tranquil setting will be more appealing to homebuyers. You might put colorful flowers in a flowerbed or add lighting or rock gardens.
3. Remodel the Kitchen
Many people believe that the kitchen is the most important room in the home. When you have company, guests usually flock to the kitchen. It is a good idea to install granite countertops or put in new cabinets. Painting the kitchen also enhances the room. Another thing that you can do in the kitchen is replace older appliances. Clutter can be unattractive; therefore, eliminate the clutter on your kitchen counter.
4. Make Necessary Maintenance Repairs
If problems arise with your home, make sure you get them repaired as quickly as possible. If the screen door is damaged or there are holes in the wall, the value of the property will decrease. Make sure your plumbing is up-to-date, and make sure your air conditioning and heating units are working properly. It is best to repair items in your home when they occur, or you may be paying more money in the end.
5. Make Energy Efficient Improvements
Many people today are struggling financially, so having an energy efficient home will be appealing to potential buyers. You can make improvements to the insulation in the walls, floors or windows. Your heating unit can be more cost-effective, and you can install energy efficient appliances. Your electricity use will decrease with fluorescent lighting. Improvements to the energy use can really increase the value of your home.
The housing market is so unpredictable, and many factors are beyond your control. However, there are various things that you can do to increase the value of your home. Therefore, whether you are planning to sell the home now or in the future, if you increase your home’s value, it will be more attractive to buyers, and you can sell the property for a higher price.