The real estate market is recovering with both the prices and mortgages being affordable. Now is the perfect time to make an investment and add value to your property.
You can readily get the funding now and benefit from the rising prices later on, if you decide to sell. You just need to know how to play your cards right to get the maximum return on your investment. According to statistics, you will get at least 90 per cent of the money invested back if you invest smartly.
Make improvements to the structure of the house. Even though the nicely decorated rooms can impress everyone, if the home inspection report is unsatisfactory, you will not get any buyers. Roof and foundations repairs and improvements are essential. You may even want to change the roof completely if the problems are too many. The walls and siding should get repaired if necessary.
Make your home more energy efficient. This will add great value to it. Besides, you will be able to start saving on energy bills as soon as the improvements are made. Consider improving the wall, floor and window insulation. You do not have to resort to super expensive solutions. Cork wall tiles and insulating curtains can do a really good job. Making your heating system more energy efficient is highly recommended. A simple improvement such as insulating the pipes can readily pay off. Simpler solutions such as planting tall trees in the garden for insulation purposes will work well too.
Make the space in your home more functional. Buyers do not like to see empty basements and attics. You can readily use these rooms traditionally meant for storage to create functional areas in the home. The attic can be turned into a spacious family room, TV room, kids' room or a play room. The basement can be modified into a functional study. You have to keep in mind that the demand for homes with studies has increased dramatically over the past few years as more and more people start running a business from home.
You have to know what not to do in order add value to your property. Do not invest in costly improvements such as extension building without consulting expert realtors. Be careful with the decorations. It is best to stick to popular styles if you want to make your house marketable. Do not spend on attractive features unless your home is already super functional. An additional bathroom will add more genuine worth to a standard suburb property compared to a costly swimming pool.
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