When it comes to getting your family home on the market, you will want to make sure you get the maximum amount of money possible for your property with every sale. The worst scenario should be to get the market value for it.
Fortunately, there are plenty of free how-to guides available online that can show you how to maximize your home’s resale value. If you don’t enjoy reading, there are plenty of videos on YouTube with 10 tips to increase the value of your property for you to watch. The most important thing is that you learn as much as you can before listing your property with a local broker and accepting viewings.
In this article we are going to share some tips for adding value to your home. Be aware, however, that not all may be suitable for your property. You really need to decide if it is worth completing any renovation. For example, if the construction is taking weeks and adding only 2% to your home’s resale value, it might not be worth it.
1. Split up your house
This may sound like a ridiculous idea at first, but dividing your family home into two or more apartments can add over 30% to the total value depending on what area of the country you are in. When a property is split into multiple units, owners can really maximize rental income. As a result, it is often much easier to sell your family home when it is split up.
Of course, you will need to obtain planning permission from the relevant authorities before undertaking such a project. Once you have that taken care of, you can easily split your house with one Toronto roofer. You can easily and easily make any changes you need.
2. Convert your basement
Converting the basement of your home into usable storage or living space can increase the value of a building by up to 25%. Starting a large project like upgrading your basement can be expensive, but it will be worth it even if you need to finance it.
Additionally, converting an existing basement into living space is a relatively straightforward home construction project that can be completed without major disruption to the rest of your property. In built-up cities, every last square meter of usable space that you create in your property will create added value.
3. Clean up the surrounding landscape
Your property must have good roadside appeal if you want to get the best price. This means no Front gardens and driveways you have to look good
Even if you just cut your lawn and clear all the weeds between the driveway slabs, the attractiveness of your roadside home can increase tenfold. If you have a lot of land around your home that is getting out of hand, you may need to consider using a professional local landscaping company.
4. Turn your attic into a bedroom
In general, the more bedrooms your property has, the higher the resale value. In fact, adding an extra bedroom can add more than 15% to the market value of an apartment building.
Not every type of attic can be converted into a living space, as the shape and height of the roof may limit the option. Additionally, you need to make sure that the basic structures on your property can support an attic conversion.
5. Replace the bathroom
A new bathroom can add up to 5% to the resale value, especially if your current bathroom is more than a decade old. Remember, photos of the bathroom will appear on your online property listing page old looking bathroom can put off many buyers. Renovating your bathroom doesn’t have to cost a lot. You may be able to do much of the work yourself, buying end-of-line or ex-showroom furniture and fixtures to keep costs down.
6. Replace the Windows
If your property doesn’t currently have weatherproof, modern windows, investing in this upgrade can add significant value to your home. You need to ensure that you hire a window installer that is fully regulated and uses windows from approved manufacturers.
Hopefully the six tips above have given you some things to think about when it comes to adding value to your property. You can find many more tips online. So take the time to research your options.