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Top 5 Ways to Add Value to Your Home

Housing-Market / Home Improvements Dec 14, 2019 - 12:32 PM GMT

By: Justin_Weinger

Housing-Market

How can you add long- and short-term value to your house? Here are what experienced real estate professionals say are the five best ways to ramp up the potential resale price of your dwelling:

Redo the Bathrooms

At the top of home-shoppers’ lists, fresh, newly redone bathrooms are a key selling point for old and new houses. It’s not the cheapest value-adding task you can opt for, but you will definitely get your money back in the selling price, and then some. If your place has more than one bathroom, try your best to budget for both to be redone. Choose a contractor based on a combination of experience and price and be clear that you want the renovated bathrooms to match.


Replace the Roof

Roofing is not a glamorous business, and most homeowners would just like to avoid the topic altogether. But consumers in the market for a new dwelling care about roof quality and will ask about the age of the roof on your home. Be ready to tell them that the roof is new or has been recently redone by a top-ranked local company. As is the case with bathroom renovations, this upgrade will cost you some money, but all the funds will soon return to you in the form of a higher sales price.

Install a Home Lift

Installing a home lift does many things for a homeowner. It adds a touch of luxury to the overall look of any property. But a lift is also a practical addition for older and very young residents who have difficulty negotiating long staircases and want a no-hassle alternative to climbing.
The home lift business has been growing steadily for the past two decades as consumers discover the long-term value that special amenities can add to the resale price of any house in any market. A sign of the times: in late 2019, Stiltz Home Lifts snagged the prestigious Exporter of the Year award from none other than Lloyds Bank. The national prize is indicative of how important the residential lift is to the global economy.

Get a Paint Job

Real estate professionals say that the most price-effective quick fix for a house is a professional paint job. The key word here is professional. Don’t hire your cousin or friend to do the work unless they’re licensed, experienced pros. A typical outside paint job is an economical way to boost curb appeal and get more viewers is you have your place on the market. People like fresh appearances and are willing to overlook minor deficiencies when the exterior of a structure looks great.

Get a Top-Notch Landscaping Makeover

Landscaping can cost less than a traditional paint job if you live in a small to medium-sized residence. Again, the main thing to remember for this upgrade is quality. Don’t hire the first company you call. Shop around and select a team that has experience and excellent customer reviews. Ask for references and do your own online research as well. Concentrate on the front yard but don’t totally ignore the sided and back of the property.

By Justin Weinger

© 2019 Copyright Justin Weinger - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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