Improving the Value of Any Property for Resale
Whether you’re flipping an investment property or looking to sell your home, it’s important to receive maximum profit for your property. Real estate investment can be easy with these simple techniques to improve the value and increase the asking price of your real estate. Whether you DIY your way to a higher resale value or hire a professional to do the work, consider these tips for improving your property today.
Add Light
Light can do wonders for your resale value. Increased or improved lighting helps brighten up your home, make it look more livable and even give it a larger look. Swap out old incandescent bulbs for daylight LED bulbs, clean windows to let in more light or consider adding lamps or hiring an electrician to add more light fixtures.
Refresh Your Walls
If your walls are looking outdated, faded or scratched and stained, a quick coat of paint can make your entire home feel brand new. Whether you choose a neutral gray, a warm yellow or a vibrant green, color can add a new mood and energy to any area of your home. It’s also a very cost-effective real estate investment option.
Open Up Your Interior
For a little more work and a lot more reward, consider removing an interior, non-load-bearing wall. This may require a permit and some understanding of the structural elements of your home to be done safely, but removing a wall can help tie your home together and give it a more spacious feel. Bring your living room and dining room together or take out that extra closet to make an expansive bedroom.
Update Your Kitchen
Kitchens are one of the most valuable rooms in a home. An old kitchen can dramatically decrease the value of your real estate investment, so invest in some luxury features to make your kitchen stand out. Whether you splurge on an entire kitchen remodel or simply add a backsplash and spruce up the existing cabinets, most kitchen remodel projects add more value. Whether put in some sweat equity or hire a professional kitchen designer, it’s a natural place to start to maximize the value of your home.
Some real estate investors choose to start small, while others go for the biggest projects first. Consider the current value of your home, your ideal value and what comparable homes are worth before launching into an extensive remodeling project. By keeping your home competitive with the current market, you can enjoy a quick sale and quick capital from your real estate investment.
