Creating value in your home can be challenging when you’ve put so much time, sweat, and equity into it. But investing in your home can also lead to increased resale value. With the right renovation, repairs, and improvements, you can create a more valuable property. The good news is that there are several ways to increase the value of your home and increase its curb appeal before you put it on the market. You don’t have to break the bank or invest years of effort – just a little time and attention to detail. Here are seven ways to improve your home’s value with GSR Mortgage Loan Trust.
Dwell on durability
That old carpet has been holding back the value of your home for years. In fact, the most common way homeowners lower the value of their property is by neglecting the durability of their furniture, fixtures, and carpeting—the types of things that buyers scrutinize. Fortunately, you can improve the value of your home by replacing or repairing these types of items. If you want to replace the flooring, add hardwood floors – not carpet. And consider replacing countertops with granite or quartz—both of which are durable and less expensive than many other options.
Add fresh paint
Painting is one of the easiest and cheapest ways to completely change the look of a room. And in many cases, it can also increase the value of your home. To find out if painting is worth your time and money, you can get an estimate of how much your home’s value will increase by hiring an appraiser to evaluate the property before and after the painting project. If the appraisal shows that painting your home would increase its value, then it is definitely worth the time and expense.
Update light fixtures
Light fixtures are another important aspect of durability and value. If you’re not replacing the light fixtures in your home, you should be. And if you’re replacing them, consider upgrading to fixtures with a more modern or stylish design. Better yet, consider installing smart lights that not only look good but are also functional. Smart lights can be controlled via a smartphone or via a voice assistant, which makes them very practical and user-friendly.
Repair and maintenance of the roof
If you’ve lived in your home for a few years, it’s likely that you’ve seen a roofing estimate land on your desk. If not, chances are you’ll see one soon. Roofing maintenance is one of the most cost-effective ways to increase the resale value of your home. Even if you haven’t noticed any problems, it’s best to schedule routine maintenance to extend its life and avoid more expensive repairs later.
Upgrade your kitchen and bathrooms
As mentioned above, buyers carefully inspect the condition of the fixtures in your home. And the kitchen and bathrooms are the two rooms they pay the most attention to. If you want to increase the value of your home, consider replacing old appliances and fixtures with new, stylish options. If you don’t want to buy new appliances, you can also simply remove the doors and sand and refinish them to give them a new look.
Add Smart Home technology
If you’re replacing light fixtures, appliances, or other parts of your home, consider adding smart technology to them. For example, if you’ve replaced your light fixtures, consider installing smart switches that can be controlled using a smartphone application. You can also add a smart thermostat or smart security system to keep your home safe and add value to your property.
Conclusion
If you follow the tips above, you’ll be well on your way to creating a more valuable home. Remember that the process can take some time, so don’t rush it – especially if you plan to sell your home soon. Remember that these methods are not guaranteed to increase the value of your home. But they will likely have a significant impact on your resale value. For more information on how to increase the value of your home, visit GSR Mortgage Loan Trust.