The real estate market is on the rise. It is a good time to buy property or sell what you already own as the profit margins are high.
It is a growing industry with a lot of potential, which means it is still not too late to enter the market. However, if you are planning on selling a house then you need to take a few steps to be able to earn as much profit as you can from the sale.
While a large number of people sell houses on as-is basis, it may not be a good idea to do so since bringing a few changes to your house can give you a huge profit.
Here are 4 things you can do to uplift your home’s value:
- Kitchen Remodelling
One of the most used areas in a home is the kitchen. It’s one of the first things that people will notice when they want to buy the house because kitchens are literally the heart of a house.
Based on your budget, you can opt to make small upgrades such as replacing the cabinets or opt for major upgrades such as installing a new counter.
The cost can be as low as $500 or as high as $50,000 based on the kind of changes you wish to bring to your kitchen.
If you have the budget then it’s recommended to invest more because the ROI goes up somewhere between 65% to 80%.
However, if your budget is low then you can go for cabinets and countertops only as they will help make the kitchen look aesthetically pleasing.
- Bathroom Remodelling
Dirty looking bathrooms can ruin the look of your house and also put off potential buyers. You need to give the walls of the bathroom a fresh brush of paint to give the bathroom a new look.
It is also common for the bathroom floor to be untidy so make sure to do something about it as well. You can also install new accessories such as a bathtub and mirror. With ROI as high as 70% it is a good idea to give your kitchen a new look.
If you have the budget, you can also install a sauna to get a ROI of 80% to 85%. It costs around $6,000 but is totally worth it.
Building the landscape around the house has the highest ROI that ranges between 100% to 200%, depending on the elements you choose to add. Yes, you can get almost twice for what you invest in.
Deck and patios are a good choice with 102% ROI. Other than this, improve the look of the house by installing trees as people usually are attracted to houses that offer greenery.
A seating area with good lighting features can also make a big difference.
- Make Good Use of Technology
Technology can help you save the house in a quick manner. You can install escalators if your home has several floors. Other than this, small additions, such as a non contact water flow meter can also make a difference as you can promote your home as being technologically advanced.
You can also opt for other technologies such as making your home tech-friendly by installing solar panels to produce electricity.
- Replacing The Roof
Roofs have a lifespan of around 25 years. If you have not replaced the roof in 25 years then consider doing so. It is a major investment, but it can really provide you with great benefits as nobody likes to buy a house with a weak roof.
It’s important to make smart decisions when it comes to investing in your home because the right decisions can help fetch a better price for it. Consider getting these renovations done to enjoy the benefits they provide. However, make sure to hire the right contractor for the job so that it is completed in a timely manner and at proper rates. You can look for contractors online as internet can provide you with reviews that can help you judge the skills of a provider.