Home Value: Ideas to Protect Your Pocketbook in the Long Run
Owning a home is one of the most valuable investments many people will ever have. It’s something you really have to consider every aspect about before buying, and once it’s yours, it becomes a great asset for you and your family. Many properties build equity over several years’ time, so when the owner decides to sell, there may be a profit.
In addition to equity, homeowners can increase property value by making minor indoor and outdoor improvements. This way, if you sell, or even are just looking to get more out of your house, you can make improvements yourself worth the cost. With a modest investment of time and money, properties can become more attractive and lucrative in the long run. Here are a few ideas to get you started and to up the appeal and value of your home.
Look for ways to enhance your lawn, including trees, shrubs, flowers, the patio, and garden. Plant grass seed or young trees, along with a few well-placed shrubs and flower beds. Edge your beds if possible for a clean, streamlined look. This can be done easily with some tile or stone you may have handy after construction. If you can’t do the work, avoid a pricy landscaping business by paying a high school or college student to do it.
Doors and Windows
New windows are a great investment and add a lot of finish and charm to an overall house, but they can be costly. Pay less for shutters and blinds at a store like http://sunburstshutters.com/ to enhance the look of the current windows. Shutters can be matched to your front and rear doors. These can be purchased new, but to save money you can paint the ones you have. Hang a wreath on the door and your home has a new welcoming entrance.
Kitchens are one of the most important rooms in the house. Bring out the best in yours by resurfacing the cupboards and table tops at a fraction of the cost of replacing them. If your appliances like the stove and refrigerator are looking shabby, check out scratch-and-dent new ones, or nice used ones. A new countertop might be affordable when you find one at a thrift store or buy wholesale, especially if you know someone who can install it inexpensively. This room should be up to date with everything you need to really make it worth its value.
Instead of replacing the shower stall, tub, and toilet, opt for new towel racks, hanging plants, and an affordable paint job. Of course, if the toilet is grungy you can get a cheap one on sale or even just replace the removable lid and seat. Just make sure it matches the tub and sink. New tile flooring doesn’t cost much and freshens up the whole room. Add a wall picture to coordinate with your decorating theme, or even freshen up with a small rock fountain or other decorative piece.
Roof and Basement
These can be expensive repairs or updates, but they might not be if you know how to go about them. Rather than getting a completely new roof, see if you can get by at least temporarily by replacing the missing or broken shingles or tiles. Waterproof the basement to avoid future leaks and stubborn moisture. Cleaning and constant maintenance is the key to up keeping these parts of the house.
Increasing your home’s value is definitely doable. Use a trim budget and shortcuts like these to enhance your equity. You don’t have to spend a fortune to get started.