Every homeowner wants to sell their property for more than they paid. Yet, many people fail to make various investments that could provide a substantial return on their investment.
If you plan to sell your property in the future, you must make various clever changes to secure a profit once you hand over the keys to the new owner. Check out these five smart ways to add value to your home.
Table of contents
1. Add a Generator
A generator cannot only provide you and your family with a backup of electricity following a power outage, but it can reportedly increase your home’s value by approximately 5%. Also, it’s bound to be a welcome addition in destinations susceptible to power outages caused by hurricanes and snowstorms, which will help your property stand out from other houses in a neighborhood. Protect your home and boost its value by investing in one of the dependable generators in Peabody that will promptly restore electricity following an outage.
2. Install a Pot Filler
A pot filler is a cheap addition to your kitchen that can provide superb value. It will immediately draw the eye when entering your home and will make filling pots and pans with water easier than ever before. The wall-mounted, double-jointed faucet is positioned over the cooktop and is perfect for spacious kitchens with a large distance between a sink and a range. For this reason, a pot filler can reportedly add an incredible 3.2% to a property’s asking price.
3. Plant a Tree
Boost your property’s value by 3-15% by landscaping your exterior with beautiful trees. The privacy and tranquillity of one or more tall trees could convince a prospective buyer to pay a little extra for your home. Also, they might understand the benefits trees can have on their physical and mental health, which is why they are worth their weight in gold. Of course, some tree varieties are more valuable than others, such as:
- Oak
- Maple
- Black cherry
- Linden
4. Incorporate Skylights
Skylights are a must-add for homeowners wanting to boost their home’s value. It is a stylish way to welcome more natural light and fresh air into your property, and you won’t need to worry about a lack of privacy. Also, increased sunlight will make a room appear light, spacious, and airy. As a result, skylights could increase your home’s value by an incredible 10%.
5. Create a Dedicated Home Office
A dedicated home office is increasingly sought-after in this post-pandemic world, as many more hardworking professionals work from home. By creating a stylish home office, you will improve your chances of selling your property for a higher amount. For instance, you could install a garden office into your exterior design to increase your home’s value by 5-10%.
A few big and small investments could make a big difference to your property’s sales price. As a result, you could pay off your next mortgage at a faster rate or use the excess funds to create your dream home.