Statistics say that the value of homes in SeaTac WA has increased by approximately 7% in the last year. And, experts believe that it will still rise by a significant percentage in these coming years. Factors like location and the market’s popularity determine a home’s worth. But, since these are out of your control, increasing the value of your home might seem impossible.
If you’re like many people, you believe that your house is your biggest asset. Therefore, taking care of it should be your priority. Fortunately, making some smart improvements and regular repairs can raise your property’s worth. Whether one wants to build equity or sell their homes for huge profits, here are ways homeowners can increase the value of their properties.
Plan Your Remodel
Remodeling is one of the fastest ways to increase a property’s value. Bear in mind that intentional upgrades are better than those on impulse. Sure, home improvements are costly, but they can significantly increase the value of one’s home.
However, you should plan for these improvements. Don’t build or add anything new without understanding your home. List the updates and changes you want to make. For instance, most houses in SeaTac Washington need regular roof repair because of the climate in this place.
After listing, one should then approximate how long they may want to live in that house. Those planning on selling their houses should talk to their realtor and design an appropriate selling strategy. Then you can categorize your list according to the time and money that each project will take. However, we advise that you be realistic. For instance, while an outdoor pool is an excellent home improvement, think about your finances as well.
Make Your House More Attractive
Your home’s curb appeal gives a fresh perspective about its value. How onlookers see your home is the first chance to make an excellent impression. And this is important especially for those who have houses in Washington for sale. A home’s exterior can lower or raise the interest of potential buyers.
Homeowners should, therefore, ensure that they have well-maintained landscaping. Check your neighbors’ compounds and see if yours matches with theirs. If not, consider repainting your front door, planting flowers, etc.
Once you have the exterior looking good, one should focus on the interior especially the bathrooms and kitchen. An outdated kitchen or bathroom keeps your home from reaching a high valuation. Fortunately, you don’t have to make expensive upgrades. Statistics reveal that simple kitchen remodeling tasks can raise your home’s worth significantly.
Add a Usable Square Footage
Many houses in SeaTac WA can benefit from adding usable space. This is especially important in areas where land and space are limited. Real estate agents value and price homes according to their livable square feet. Houses in Tacoma that have more livable square feet have a high valuation that their counterparts.
Therefore, to increase value and function, homeowners can add a bathroom or any other useful room that is not found in many houses like a mother in-law-suite. Such spaces make your property stand out from your competition when it’s time to sell.
Deal with Structural Issues
Subsidence and other structural issues significantly lower a home’s value. Therefore, those who want to raise the value of their houses need to take care of structural issues as soon as possible. Sure cosmetic home improvements and internal works like constructing a pool or remodeling your kitchen or adding some art can help add value to your home. But, failing to deal with structural issues first can waste your efforts.
Structural defects include sagging roofs, collapsed floors, rotten joints, bowling walls, etc. Now, fixing these issues can be expensive. However, this is an important renovation project for adding value. It’s advisable that you first call a structural engineer or surveyor before correcting structural defects.
Clean and Declutter
A recent survey by HomeLight found out that decluttering and cleaning can add $40,000 or more to a home’s resale value. But even those who’re not planning on relocating can still benefit from decluttering as it makes their spaces more organized and functional.
A deep cleaning and decluttering job is not easy and it’s also expensive. But, having an appropriate plan will save one time and money. Check closets, drawers or other storage units to donate/get rid of anything that you don’t want. Then do a thorough cleaning and subsequent cleanings regularly. Buyers looking for a house for sale in SeaTac will be more willing to check out clean organized properties.
Invest in a New Heating System
Your central heating system could be what’s preventing your home from reaching its highest valuation. Many old houses in Spokane Washington either don’t have a central heating system or it is old fashioned and needs upgrading. Sure buying a new central heating system is expensive but it’s a worthwhile investment in terms of adding value to one’s property.
Homeowners should also consider improving their building’s energy efficiency. This includes sealing drafts around windows and doors, window replacement for those that can’t be repaired with double glazing, insulating your loft, etc.
Consider New Flooring and Paint
Painting can work absolute magic to a home’s exterior and interior. Fresh paint makes the property look newer and more attractive. Plus, unlike other methods of adding value to your home, painting isn’t expensive. Experts advise that you begin re-painting rooms with odd color schemes.
Also, don’t forget that people love new carpets too. Since buying and moving into a house is already stressful, many buyers are looking for homes they can move right in. Very few will be willing to paint or buy a new carpet before moving in.
Create a Driveway
Designing parking spaces in front of or alongside your home can significantly add value. Therefore, even if it means sacrificing a part of your garden, this would be worthwhile. Many buyers look for houses with a well-designed driveway that’s of low maintenance. However, make sure that you get permission from the local authority.
Well, increasing the value of your home takes time and money. But, bear in mind that your home is an investment too. Therefore, caring for it as you would for other investments is essential in increasing its valuation. Fortunately, these tried tips have proven effective in doing that.