Every homeowner wants to enjoy a healthy return on their investment when placing their home on the market. Yet, the interior decisions you make before selling can determine if you break even, make a profit, or lose money on the property.
Generate as much money as possible by making a few tweaks and improvements to your décor, which can increase your bank balance and reduced your home’s time on the market. Check out these interior design tips that can boost your property value.
Spruce Up Your Kitchen
The kitchen is the center of the home. For this reason, many prospective homeowners are eager to explore this room when browsing reputable real estate websites in search of a dream home.
If you’re planning to live in your current home for up to five years, there is no reason why you can’t splash out on stylish hardware, appliances, and fixtures. However, if you’re planning to sell a property soon, a low-cost remodel could provide a greater return on your investment.
The materials you choose can determine a property’s sale time, too. Impress a prospective buyer by replacing countertops with a popular Quartz design. Also, install porcelain or ceramic backsplashes to spruce up your kitchen and increase its wow factor. Even changing your faucet for a more luxurious style can transform the look and feel of your kitchen, which could increase your ROI.
Install Solar Rooftop Panels
Solar rooftop panels might not be as fun as a kitchen renovation, but they can increase your home’s value by 4.1%. It is equal to an additional $9,274 for a median-value property in the United States.
California is one state that has made solar panels a requirement, as it encourages homeowners to live an eco-friendlier lifestyle to combat an increase in heatwaves and wildfires. Plus, it is an attractive feature for many potential buyers, as it allows them to slash the cost of their electricity bills.
Increase a Property’s Square Footage
Expanding a property’s square footage is one of the best ways to boost its value. An attic conversion or basement renovation are ideal options for increasing your space.
Also, a property extension could provide more value per square foot, especially if you transform it into a bedroom, bathroom, or an extended kitchen. As a result, an appraiser may raise the price of your home, and it could help your property stand out from the crowd in your neighborhood.
Transform Your Curb Appeal
Augment your home’s value by transforming its curb appeal before placing it back on the market. According to a recent report, a well-landscaped property can add up to 20% on the sales price.
Improve your home’s curb appeal by:
- Mowing your lawn
- Pressure washing your driveway and patio
- Trimming your shrubs
- Adding attractive planters
- Repainting your home
- Removing weeds and overgrowth
- Installing a front porch light
- Painting your front door
In addition to following the above tips, you must fix any issues that could affect your property’s value, such as mold and mildew, damaged roofing, noise pollution, or a faulty HVAC unit.