Here's how you can increase the value of your home

Category: Archive
Tag: #estate #finance #Finance Real Estate Appraisals I Sell
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According to 76% of real estate agents, building renovation activities are on the rise: owners don't want to face future uncertainty with a property of low value, so they opt for strategic interventions to keep their home's value as high as possible.
So, what are the best improvements to increase home value? In this article, assuming you're looking to sell your home, we'll provide helpful tips for identifying potential improvements that can boost your home's value. Based on advice from well-known real estate agents, we've compiled a list of the best recommendations for home renovation projects so you can wisely decide how to invest your money.

Physical home improvements

Presenting a home with ample space to a potential buyer is always a good calling card; in fact, the demand for homes with more square footage is a confirmed trend, as confirmed by the fact that 44% of real estate agents place the "need for more space" at the top of their list of reasons for moving. If the home has a basement, it certainly makes sense to complete it, in order to extract a larger sum from the buyer. Completing the finish of a basement by adding heated square meters can move your home into another price range: on average, depending on the size, you will spend between €15,000 and €35,000, with the possibility of recovering up to 70% of the cost incurred. Similarly, removing a few extra walls will create the spacious layout that buyers desire. Projects that aim to open up all or part of the living, dining, and kitchen spaces allow for more natural light and better use of the space.

External interventions

Improving your home's curb appeal, starting with the pavement, gives the impression that your house is well-maintained. For example, mowing the lawn, trimming bushes, and planting trees may cost a few thousand euros, but it offers a significant return. 76% of agents specify that carrying out work on the exterior and garden is the number one action that can improve their home's market value. Thus, cladding the facade with stone, installing a steel gate, replacing the garage door, and repainting the facade are all great ideas for refreshing your home's appearance.

Update your interior

The kitchen and bathroom are undoubtedly the most important rooms that buyers' eyes are drawn to: if these rooms are in good condition, you won't need to consider expensive renovations. However, if you need to do something in the kitchen and bathroom, the advice is to think about functionality rather than unnecessary luxury.

Published: 2021-12-09From: ElisaT ElisaT

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