It goes without saying that having a home in a perfect location and neighbourhood can help keep depreciation at bay when the time comes to sell. However, this can only go so far and many aspiring homeowners looking for a property will oftentimes base their decision on its most important aspect: the house itself. No matter how perfect the spot is, the numbers just won’t stack up if the home isn’t as appealing as its environment.
The majority of us invest a great deal of time and resources in our homes not just for the sake of our own comfort and convenience, but also to be able to hook a potential buyer when the situation calls for it at a price that we’re happy with. To this end, here are a few home improvement projects that should mitigate the decrease in value and instead increase it.
Upgrade the bathrooms
When it comes to the interior of the home, no areas are as important as the bathrooms. In fact, the state that they are currently in can make or break a deal. Giving the bathrooms an upgrade with for example wetroom shower screens or new toilets and basins will not only improve form and functionality but will undoubtedly impress any potential buyer. It also gives off an impression that the rest of the house is in good condition too.
Ensure that the roof is in good condition
No part of a home takes as much beating from the elements as the roof. It serves both an aesthetic and functional purpose that can either drive the price up or down depending on its condition. Many of us tend to ignore it but ensuring that it’s in good condition can go a long way to securing a deal at a price that you want. No one will invest too much money in a home with a roof that is in a state of disrepair.
Improve the electrics
Energy efficiency is one of the many things that no home in today’s modern world can be without. This is especially important considering the fact that it can keep the costs down with the electricity bills as well as improve safety. One top tip is to replace old, antiquated lighting with the more modern LED or light emitting diode counterparts.
While it may normally be out of sight, its importance to a home cannot be underestimated. We all expect comfort in our houses, and proper insulation helps keep the desired temperature.
It is important to keep in mind that functionality is the key when maintaining or improving the resale value of a home. While it may not necessarily be always cheap, it is an investment that will surely pay dividends and can make all the difference.