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Are you looking to sell your family home and want to ensure you sell it for top dollar? Or are you trying to update your home to prepare for selling in the near future? If so, then you’ll likely want to consider different ways that you can increase the overall value of your home. But how exactly? Here are some tips that you can follow to increase the overall market value of your family’s home this year.
Ensure Curb Appeal
Consider modifying the outside of your home after the kitchen and bathrooms, as this is the space that others see first. The outdoor area of your home is most likely going to affect potential buyers of not only your house, but others around you as well. Luckily for you, it’s not very expensive to renovate. In fact, managing the outdoor area around your home is more about maintenance and taking the time to care for it.
Make sure all the existing plants are well-maintained and trimmed. Ensure flowers and plants are healthy and blooming. And you can even add plants or trees that you want for the future. Consider planting native trees and young shrubs into your outdoor yard, but make sure to leave enough space for them to grow in the future.
Depending on where you live, it can be difficult to care for the grass itself, as places with super high temperatures and very little rain can cause the grass to turn brown and even die. Because of this, you may want to consider installing synthetic grass in Dallas or your particular locale. This removes any possibility of future mowing or watering. It also ensure that your yard looks amazing all year long.
Upgrading the kitchen is one of the most impactful and recommended areas of your home, as it’s the most trafficked and highly used space. You can obtain the highest return on the money you invest throughout your kitchen because of how much it’s used and viewed by those living in your home as well as visitors. Because of this, you’ll want to change at least some things about your kitchen before any other room.
If you have a large sum saved and want to renovate a lot of your kitchen, you can invest in new appliances that match each other, or even new cabinets that fit with the floor plan and color scheme. Aside from this, you can also update the flooring and replace the tile or hardwood with a higher-quality vinyl.
If you don’t have as much money to spend, then you can modify simple things like the backsplash above counters, a newer sink, different paint color or even change the lighting from a standard fluorescent to a more classy and modern look.
Bathrooms are the second most important area for you to modify simply because it’s one of the most highly used spaces in your home. Since it’s used multiple times a day by a number of people, the bathroom is likely the most susceptible place to wear and tear. Luckily for you, it’s less expensive to repair, remodel and maintain than a kitchen, as there’s less furniture and it’s usually a smaller space.
If you’re looking to spend more money on renovations, then you’ll want to update the shower area with newer tile and shower splash, new vanity and a newer toilet. If you’re wanting to invest less money or you have less time to modify, then consider smaller changes like painting the walls and decorating the room with a different, more modern color scheme. You can also add or change existing light fixtures to more clear and modern ones. Ultimately, you’ll want the bathroom to be easy to clean and organized.
Overall, there’s a big difference between updating your home to account for a sudden increase in resale value and investing the updates for selling down the road. Whether you fit into the first or second category, you should consider the time that you’ll have for the modifications. Keep in mind the market value of all the homes neighboring yours and think about how much those homes cost compared to what you paid for yours. To ensure a profit on your end, don’t renovate more than is needed. Instead, consider cheaper options like these ones above, ultimately selling your home right away.