In good economic conditions, the value of homes appreciate. However, this appreciation is slow and cannot benefit those willing to sell in the short term. Here are five sure ways of increasing the resale value of your home instantly.
1. Air conditioning
An air conditioning system can boost your home’s value especially in warm climates where air conditioning is expected. However, old fashioned air cons will not cut it; many home buyers are concerned about domestic utilities such as power bills.
A new system is likely to be more energy efficient than older models installed years ago, and Conduct Air Conditioning says buyers find them more favourable. Consult a trusted provider of air conditioning service in your area for advice on the best systems to install.
2. Optimise your home for energy efficiency
Utilities such as heating and lighting can be substantial and most people today are looking to keep them at a minimum. The National Association of Home Builders found in a 2015 survey that energy efficiency appeared second on a list of factors that would most influence a home purchase decision. You might want to consider high-efficiency windows and LED lighting if you want to stay on top of things.
3. Capitalise on the kitchen
In a 2016 survey, more than a third of the respondents considered a modern kitchen as the most desirable quality of a home. To benefit from this popularity, you should give your kitchen a facelift. Rethink your countertops and opt for more contemporary materials such as quartz or stainless steel. Upgrade your appliances, add a touch of colour to the cabinets, and don’t neglect the floor.
4. Add a bit of tech
Although technology changes fast, you can never be wrong with a little upgrade. Smart homes are a buzzword today and could be the hottest thing in real estate in a few years to come.
However, industry experts warn that not every smart feature will give you a return on your investment. In spite of that, programmable thermostats, smart lights, and intelligent security systems are some upgrades that can increase your house’s value.
5. Good old paint
Do not underestimate the power of a fresh coat of paint; it can transform an old house to look new. It can also create lively interiors and evoke a feeling of homeliness. Invest in quality paints for the interiors and exteriors.
Home upgrades do not necessarily have to be expensive. With a little investment, you can substantially increase the resale value of your home.