Different Ways That Can Increase the Value of Real Estate

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Different Ways That Can Increase the Value of Real Estate

There are many different ways that can help increase the value of your property. If you want to know some of the strategies then read this information below.

1. Indoor Systems – Before you consider cosmetic and even functional improvements (such as adding additional square footage) to the home, make all needed upgrades, repairs or replacements to the home’s major systems. Major systems include plumbing, heating, electrical and sewer systems, among others.

Buyers want assurance that these basic items are in working order and won’t need to be replaced or repaired in the near future, an issue that will most likely be addressed in the home inspection. Older homes may require updated wiring and plumbing. An old roof should be replaced. Address problems with heating and air-conditioning units. Source: Real Estate

2. Cut Energy Costs – The amount of money you spend each month on energy costs may seem like a fixed amount, but many local utility companies provide free energy audits of their customers’ homes. They can show you how to maximize the energy efficiency of your home. An energy-efficient home will save you money now, which can be applied to other updates, and is a more valuable and marketable asset in the long run. Source: HGTV

3. Clean It Up – “If it’s dirty, it will not sell — even if it’s a great place,” says Kathy Partak, a real estate agent with Select Estate Properties in Auburn, CA.

In fact, surprisingly, most of the agents we spoke with focused on overall cleanliness and space in the home as the biggest factor in selling your home.

And cleanliness pays off, according to Consumer Reports: cleaning and decluttering can deliver a 3% to 5% return on investment, and this is something you can do yourself.

When showing your home, Irving adds, “Raise window blinds, lower toilet seats — make sure the place looks at least as good as it would if you were having your boss over for dinner.” Source: Trulia

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