Your home is an important investment, and there are several things that need to be considered if you want to maximize the value of the property. Many people consider these factors when they are getting ready to sell their home, but these things should also be considered when you are buying a home as well. In this article we will discuss Maximize Your Investment: The Rate of Return on Home Improvements.
With a few strategic home improvement projects, it is easy to increase the value of a property to maximize the investment that you put into the home. Here are a few things that can offer a good return on investment:
Open Up the Space
Is the living space small and cramped? Look for small ways to open up the room and create a better flow in the home. You might knock out a wall to open up two rooms, because people love big spaces. For example, consider opening up the kitchen and the living room together to make a great room.
Upgrade Light Fixtures
The lighting within a home impacts the overall ambiance and feel of the property. Home buyers often prefer spaces that are bright and cheery, so it is important that you consider the setup of the lights within your home. Switch out old light fixtures, change the bulbs to increase the brightness, and consider adding a few lamps in the dark corners. Make sure to open the windows and turn on all of the lights before a showing.
Basic Maintenance and Care
The small maintenance tasks can really add up! Schedule time to focus on the basic tasks of caring for your home, such as switching out rusty rain gutters, fixing a broken floor tile, having the carpets cleaned, and patching holes in the wall. Walk through your home to identify potential items that might decrease the value of the home, and make these repairs as soon as possible. These types of repairs might only cost a few hundred dollars, but they can have a big impact on the value of your home.
Improve Energy Efficiency
Home buyers are becoming increasingly interested in energy efficiency, so you can capture people’s attention by boosting the efficiency of your home. Upgrade the windows, make sure the doors and windows are properly sealed, and consider the quality of the furnace and air conditioning units. When these changes are made, you can use the energy efficient features in the real estate listing to draw in potential buyers.
Clean Up the Yard
Curb appeal matters, because a person’s opinion will be formed from the moment they pull up in front of your house. Spend time outside pulling weeds, clearing old branches, raking the leaves, and getting rid of other clutter. If you want to improve curb appeal even more, consider the benefits of repainting the front door or making small improvements to the front porch.
As you can see, it is easy to increase the value of your Atlanta home with a few small home improvement projects. Are you interested in learning more about maximizing the value of your real estate investment? Contact Duffy Realty of Atlanta for more information: (678) 318-1700. We hope that you enjoyed Maximize Your Investment: The Rate of Return on Home Improvements.