One of the best ways to increase the value of your investment property is to undertake some home improvements. But where to begin? The following are a few tried and tested tips on what to improve in order to raise the value of your house.
1. Improve the property’s exterior
Always start with the outside of the house because that’s the most important part of the property. It is what potential buyers see first and it is usually what makes them decide whether they want or are interested in the property or not.
2. Dab fresh paint or set up new sidings
Would you believe that a simple paint job can increase the value of your property significantly? Only a few weeks ago, an effective re-painting job pushed the value of one of my investment properties to rise by $25,000.
This is also related to upgrading exteriors. Some people simply find landscaped lawns magical, especially the woman of the house. There is really something about a nicely-manicured lawn that is adorned with esthetically arranged plants, rocks and ornaments that makes people stop and stare.
4. Parking areas always matter
Parking is so hard to come by these days in a lot of places that having a house with parking space automatically makes it worth more.
5. Interiors are what make the house a home
When thinking of upgrading the interiors, the most sought-after rooms are usually the bathroom, kitchen and master bedroom. Start on these first. Think of a new bathtub, shower stalls, tiles and the like. Put up a full-length mirror. Paint the interiors as well as the exteriors. Try to have lots of space in your kitchen that can fit in a table, lots of storage space, counter top, double sink, garbage disposal system and the usual appliances. Good carpeting and tiles are a must, and it would be ideal if they were new. Carpets that are good to the touch make a good impression. The kitchen and bathroom should have quality tiles or tasteful vinyl rugs. A hardwood floor can add a lot of value to the dining area.
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