Hey,
and welcome to the
Simphome finance video series.
Today, we will talk about ideas you can
use to increase your property's value.
Let's dive in.
1. Paint
Are you planning to sell your house and
would like to renovate it? Painting is a great way
to increase its value since it can make it
look as good as new.
This can easily appeal
to most potential buyers since it makes
different
rooms in the home look more updated and
cleaner.
If you want to renovate your house
but don't have a lot of cash,
you should not overlook
painting since it is cost-effective.
Think about the paint colors you would like to
add to your home.
Ensure you paint neutral colors
to the different rooms
since this can appeal to most people
and make the home stand out.
Matte finishes can give your home
a sophisticated look.
You can also add depth and detail
to your living space
by picking contrasting colors
for the doors, walls, and ceiling.
Feel free to paint such areas
in different shades of white.
You should consider upgrading the paint
in both your home's interior and exterior.
Though repainting the home
may seem time-consuming,
it is worth considering.
if you don't have time to paint your home,
you can seek professional assistance
and negotiate the cost of this task.
Fresh paint can also revive worn spots
and give the house instant charm.
2. Work on your front yard.
Apart from adding a fresh coat of paint
to your house,
you can increase the property's value
by paying attention to the front yard.
Many potential buyers are impressed
with a well-manicured front garden.
This can make it easy for you
to find a buyer for your home
when you are ready to sell.
According to a specific report,
more than 60% of potential home buyers
view houses after evaluating the front yard.
This means that
you should not only work on the house's interior
and forget its surroundings.
If your garden is not in the best condition,
consider planting some flowers
to make it stand out.
Flowers such as lilies and lavender
can improve curb appeal.
You can also plant shrubs
that are easy to grow
and have an amazing fragrance.
Adding flowers that tend to bloom
at various times
can make your front yard look unique.
Alternatively,
start planting
mature trees in the garden.
Ensure that the garden does not have weeds
or dead plants.
If your garden has some overgrown scrubs,
work on it.
You can also add
a feeling of seclusion to your garden
by raising boundary fences.
When planting,
you should look for ways to make
the garden look more captivating.
For instance,
you can create some interesting shapes
in the garden.
Though manicuring the front yard
needs high maintenance,
it can help you sell your property for more
since it can increase its value.
3. Fix structural problems
Have you lived in your home for years?
If yes,
you may have noticed specific
structural issues that need fixing.
Working on them can help you
increase the property's value.
You can ensure that the house
is structurally secure
by eliminating any safety hazards.
These are some of the things
that professionals pay attention to
during inspection
when you are trying to sell a house.
If you have leaky roofs or
some cracks on the walls,
you should repair them.
Find out whether some of the tiles
on the roof or around the house
are broken or missing
and replace them.
What is the condition of the chimney?
If it is not in the best condition,
fixing it is essential
before putting your home up for sale.
You should also deal
with other issues such as termite infestation or
water leaks in your home.
If you notice a lot of structural
defects within the property,
you should work closely
with a structural engineer or builder to fix them.
Alternatively,
consider hiring an inspector
who can check out your home.
Such a professional may quickly notice
hidden problems that could have a
negative impact on the property's value.
Repairing structural issues as soon as
they are spotted
is better than overlooking
them to avoid spending more in the future.
4. Make the house more efficient.
This is another excellent renovation idea
to make your property more valuable.
Creating an energy-efficient house can also
help you save money
on utility bills and energy in the long run.
It is also great since it can reduce emissions
and environmental footprint.
You can achieve this
by installing a smart thermostat.
Rather than using regular bulbs
in your home,
consider switching to energy-efficient bulbs.
Such bulbs are better
since they are more efficient and last longer.
You can look for automated LED bulbs
that one can control through an app.
Also, consider investing in solar panels
since they can
increase the property's value.
Such panels can save you considerable
electric costs every year.
If your home does not already have
a central heating system or has an old one,
you need to update this.
Adding insulation and sealing drafts
around windows and doors
can also make the house more efficient.
Adding insulation can help
with temperature regulation.
You can use sealant
or caulks to close openings
around the windows.
5. Come up with an outdoor seating area
Do you have a large property?
If yes,
you can boost exterior appeal
by creating a seating area outdoors.
Many people enjoy spending time outdoors
since it can be pretty relaxing.
You should, therefore,
consider setting up a porch or deck
outside the house.
Ensure that the furniture you set outdoors
is not only portable but also comfortable.
This is a great way to expand the square
footage of your property.
Once you do this,
you should also consider installing
outdoor lighting.
This can make the outdoor seating area
look more entertaining.
It can also encourage a family
to spend some time outdoors,
even at night.
Though investing in outdoor
lighting will cost you money,
it can help you get more for the property
during selling.
Do you live in a very cold area?
If yes,
consider adding a fire pit
to the outdoor space.
This enhances the overall value
of your property and
encourages everyone to spend
some time outdoors during chilly nights.
6. Create an addition
If you already have an outdoor seating area and
would like to increase the property's value,
you should consider creating
an addition to the house.
Families keep on growing,
and additional rooms can add
significant value to a home.
Look for ways to physically extend the house.
For instance,
you can come up with
a new bedroom by dividing the existing space
or by converting the loft.
This can increase the property's sale price
since potential buyers are
always keen on the number of bedrooms
in a home.
Apart from the bedroom,
you can also increase
value by adding a bathroom.
For example,
look for ways to create an en suite
in the master bedroom.
You can add an extra bathroom
to the property by extending
or remodeling an existing space.
The bathroom is also one of the main areas
that potential buyers focus on before
pursuing properties.
Some homeowners also add
a sunroom or conservatory to their properties.
This is a great idea that people who spend
most of their time working indoors will love.
7. Redo the kitchen
Since the kitchen is among the
essential areas in a home,
you should make some changes to it.
Renovating the kitchen can make
your home more beautiful and valuable.
As you think of ways to make it stand out,
consider an open floor plan
since it is a desirable layout.
You can also update the kitchen
with some new appliances.
Research can help you identify
some modern kitchen features
to add to your home.
Aim at creating an attractive
and sociable kitchen.
You can achieve this by making
some structural changes.
Making some minor changes like better lighting,
new floor tiles,
or replacing unit doors
in the kitchen can have a significant impact.
8. Declutter and clean
Wondering how else to update interiors?
Consider decluttering
and cleaning more often.
A house with less clutter looks more appealing
than one with things at every corner.
If you have a lot of stuff,
you can create more storage space
to make the rooms appear well organized.
This can also make the house look bigger.
If you no longer need some things,
you can donate them so
that you have more room for
the necessary items.
Apart from that,
paying attention to cleanliness
can also help you attract potential buyers
when showcasing your house.
Ensure you vacuum more often
and take care of areas such as the windows.
Cleaning the windows can encourage more
light penetration into a home.
You can even pay for deep-cleaning services
from time to time
since this can add more
to the property's resale value.
9. Decorate the home
Did you know that decorating the home
can also increase its value?
Well, now you do.
Start looking for popular decor designs
that you can incorporate into your home.
This is not only cost-effective but
also can make the home look modern and fresh.
Some of the brilliant decorating
ideas that you can try
include adding beautiful art on the walls,
including throw pillows in the living area,
and adding house plants.
These can help you transform your house.
That's it for this video.
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Until next time, thanks for watching!