Homeowners are now finding ways to make their properties both a place of oasis and a lifelong investment for them. Especially during this pandemic where many people prefer to stay at home.
Your home will function as a great space for you and your family to relax, have fun, and all-around create happy memories. But given the costs of buying a home, you should also view it as an investment, one that if you manage properly, will form part of your long-term financial landscape.
While you will have bought your home for one price, by the time you come to sell, it should be worth more. This will probably happen automatically given that house prices are always rising — the trick is to ensure that the value exceeds inflation. So how can you nudge your property’s value in the right direction? We take a look at a few ways below.
Take Care of the Front
The front of your home will have more of an impact on the value of your property than you might think. First impressions count for a lot, after all, and, as such, it’s important that you’re making sure that what people see is positive! All too often, homeowners only focus on the interior of their home, which is understandable, because that’s where they spend the bulk of their time. But take a look outside — could you add some plants, change the door, add a fence? It’ll make your home much more appealing in the eyes of people looking for a home.
While there are some big changes you can make to your property (more on them below), one of the most effective ways to make sure that everything is ticking over is to stay on top of your property’s DIY jobs. If you know the basics of home maintenance, then you’ll be able to handle all the tasks that need to be handled. It’s a way to keep the home “watertight,” rather than letting small imperfections creep in that can eventually lead to one big problem.
Add Another Bedroom/Living Space
If you’re looking for a way to dramatically boost your home’s value, then consider adding another bedroom or another living room. How do you do this? Either by adding an extension or transforming the attic space or garage. There is a cost attached to these projects, of course, so you may need a secured loan to get started. The good news is that this is one of the most robust home investments you can make. You’ll spend a fair amount getting the work done, but the money you spend will come back to you in added value, in some cases many times over.
Fresh Lick of Paint and Decor Changes
Finally, don’t underestimate the value of a fresh lick of paint. This is such an obvious suggestion that many homeowners forget about it! If you paint the walls of your living room, then you’ll find that it feels much fresher and newer than beforehand. More broadly, changing the decor every few years will help to keep the home in line with modern standards — though making small improvements as you go along will also have an impact.