Have you ever considered how important it is to add value to your residential property? Your home is not just a place to lay your head and escape the outside world; it’s also an investment. And just like any investment, you must find ways to diversify and increase its value. Check out these four ways to add value to your residential property.
1. Cater to Landscaping
First impressions matter. When people pull up to your home, the first thing they see is the exterior, obviously. You want potential buyers to view the outside and get excited to see the interior. Keep up with your property’s landscaping, especially during a viewing.
Mow the lawn once a week and keep everything fertilized so that it can have a vibrant green and lush look. Add some flowers because color never hurts to draw the eye and enhance curb appeal. Try to keep everything uniform and structured. Choose flowers that will complement each other. If you have room, add a small fountain or bird bath and make sure the path leading to the front door is presentable.
2. Add a Deck
It’s a known fact that the value of homes increases once a patio or deck comes into the mix. Having an area to relax, hang out, and even host beautifies and enhances your home. Consider adding an outdoor patio so that when people view your home, they can envision themselves there.
Add a few appliances to the area like an outdoor kitchen and comfortable patio furniture. Decorate the area with the same care and consideration you give the interior. Add an outdoor rug, throw cushions, and even a couple of blankets. This will help make your home look more welcoming and inviting.
3. Update Appliances
When it comes to appliances, update the kitchen and laundry room first. You can only clean the stove countertop so many times. Eventually, it won’t look new anymore, so the next best thing is to get new appliances.
Shop for a matching stove and refrigerator and tackle the laundry room next. Try to get an updated system to stay current. You can take things a step further and update the thermostat system. Consider installing a system people can operate from their phone for a more futuristic feel.
4. Finalize the Home
If there is an unfinished area in your home, finish it. You never want to show potential buyers work they will need to complete. It makes the home look more like a project than a place of residence. If you started renovations in your home, have those completed before you hold showings.
Finish the basement and transform it into a second lounging family area. Finalizing the home further guarantees a market upcharge on your residential property.
Even if you don’t plan to sell your home anytime soon, adding these modifications to your home increases the value of your residential property.