How to increase your property’s value without splurging?
Whether you have decided to sell your home or are interested in buying or selling investment properties for wealth building, it’s always a wise idea to increase your property’s value before putting it for sale to land a profitable deal. Increasing your property’s value by renovations or adding architectural features can help you receive the highest value for your home at the sale, especially if you’re planning to sell it soon.
However, the vast majority of homeowners don’t know when to stop upgrading. As a result, they overcapitalize on renovations that do not get the expected return on investment (ROI). This is where a real estate agent can help. An experienced real estate agent will help you remove renovations from your plans that do not add value to your property’s resale value.
Vision Real Estate is a leading property firm in NY with extensive experience assisting clients in successfully selling their properties. Our real estate agents will accurately assess your property’s value and advise you on how much you should spend on the renovations to ensure the best ROI.
Here are a few ways to increase the value of your home without spending too much money on major home renovations:
Decluttering
Houses with plenty of space are more appealing to buyers. Some people opt for deconstructing a wall in the house which can open up more space. However, it can be costly and time-consuming. Therefore, decluttering your home before the showings can be a great, cost-effective way to make a specific area more spacious without having to splurge.
Cleaning
A property that is pristine and has no strange odors or unsightly stains on the walls or furniture has an immediate impact on the return on the value of your property. It is recommended to have your gutters cleaned and remove any unsightly stains on the walls or furniture before the showings to get the best deal from property negotiation.
Enhancing your property’s curb appeal
Adding beauty to enhance your property’s curb appeal is essential to attract more buyers and add value. Adding a new siding, more insulation, or reconstructing pathways are some of the many ways you can enhance your property’s beauty. However, these home improvements can also be very expensive. Therefore, you should devise a budget and consult with a real estate agent to know which home improvements can add more value to your property without having to spend largely on major renovations.
Property staging
Home staging is a crucial phase that can help you secure a profitable deal. It is best to properly organize modern-looking furniture that does not take too much space and enhances the features of your home.
New paint
A paint job can exponentially improve your property’s appearance and make it look more inviting and beautiful. A fresh coat of paint can give your property a bright and refreshing feel, making it more appealing to potential buyers.
Changing fixtures
Adding a new architectural feature to your home can add more value to your property. But it is a significant expense, and it is unnecessary to overspend on a new feature to increase the property value if you plan to sell your property shortly. You can simply upgrade/replace the old fixtures such as bulbs, outdated plumbing, or lighting fixtures to give your home a modern look without going over the budget. It can be a much more cost-effective way to increase your home’s value.
Our real estate agents at Vision Real Estate are dedicated to ensuring the clients’ financial goals are met. If you are looking to sell your property in Brooklyn, NY get in touch with our real estate agents for expert assistance.
Schedule a free consultation today!