Getting the most out of your home when you sell it or flip it to make a profit means learning how to add value to your home. Some improvements cost a lot and return a little, while others have a better chance of attracting buyers and paying for themselves, allowing you to sell your home for significantly more than the original purchase price. Here are some suggestions that go beyond basic curb appeal, repainting, or kitchen and bath remodels to make your home attractive to buyers and to get you a greater return when you sell.
Keyless entry, smart thermostats, and upgraded security systems set your home apart from other homes in the neighborhood that may lack these upgrades. Smart technology that controls lighting and temperature and that offers remote control features through apps make an immediate impression that suggests the home offers greater value than homes without these upgrades.
Carpet implies dust and cleaning. Wood floors look cleaner, make rooms feel more spacious, and don’t stain and wear as easily. If you already have exposed wood floors but they look scratched or dull, invest in refinishing the floors to give the house an attractive, freshened look.
Keeping the front lawn, trees, plants, and shrubs trimmed is a crucial aspect of curb appeal. However, you can set your home apart by adding solar lights along walkways and lights that will enhance the trees and the exterior of your home in the evening. Inside, add under-cabinet lights in the kitchen and recessed lighting in the living room, if your home’s structure and electrical system can accommodate those changes. Inexpensive, stick-on LED lights give the same effect in the kitchen, as installing more elaborate under-cabinet lighting requires more disruption.
If you live in an area such as Florida, southern California, or the Southwest, where nearly every home features an outdoor pool, set yours apart with a new or updated pool enclosure. In hilly or mountainous areas, highlight the best views from your home with new windows or window treatments. A deck or backyard firepit is a great addition to extend the outdoor season and enhance your yard. However, don’t add an in-ground pool if you don’t already have one—pools add additional insurance and maintenance costs, and they can deter families with young children. It’s unlikely you’ll recoup the major expense of installing a new one in a home sale.
Finishing a basement and sprucing up the garage can add value to your home overall. A finished basement instantly adds useful square footage. Replacing, finishing, or painting the garage floor and adding attractive storage might also enhance your home’s value. It certainly makes the home more attractive than it would be with oil stains, open studs, and disorganized piles of tools or bike equipment, which create clutter and make it difficult for people to get their cars in and out of the space. Enhance the laundry area to look like a real laundry room, and don’t neglect closet organization. These little improvements can add up and impress potential buyers.Read more
The real estate market has been kind to developers like Aubrey Ferrao. Investing in real estate is a move that can often outride the dips and jumps of the stock market, and when you know how to navigate the landscape, you can secure financial success. For real estate development advice, many turn to the professional Aubrey Ferrao, who has managed to boost the company’s landholding and profit ranking over crucial commercial property investments. However, there is a new player on the scene in real estate development, one that may prove to be a threat to custom property designers and investors.Read more
The Philippines is a great place to invest in real estate. This is mainly because of the very stable state of the market. No bubbles here like in other countries which makes long-term investment possible. Besides that, there are many choices available out there. But the trouble with a strong, varied market is that it can be a complex place for beginning investors. If you are starting with Philippines real estate investment, here are some pointers on how you can get the best value for your money.Read more
When you're moving, it can seem like there are endless challenges involved in the process that you weren't even considering when you first thought of the idea. How will the new neighborhood be? What are the schools like? How far is it to the nearest grocery store? These are questions that are often overlooked in the chaos of trying to find a new home and uprooting your life to live somewhere else. Here is a guide to making this transition easier with steps on how to move to a home that you love.Read more
Ceilings - seriously? Yes!
As a landlord, it’s easy to assume that there are other, more critical aspects of your property that need renovating. Whether it’s a conversion that adds value or a splash of paint on the exterior to enhance curb appeal, one of the last places you’ll focus your attention on is the ceiling. However, updating tired and old walls is imperative because the large surface area makes them focal points. As a result, tenants and potential buyers will notice something wrong if you continue to let them deteriorate.
The good news is that transforming your property’s ceilings isn’t as challenging as it sounds with these tricks.Read more
For landlords, managing even just one property can take an entire day. From talking to potential tenants to dealing with late-night emergencies, landlords need all the time they can get. After all, for the self-employed, time is money.
The problem is that not everyone is good with time management. This important skill can spell the difference between having a few extra hours to yourself and being exhausted and drowned by work.
So how do you make the most of your time when managing your properties in Perth and beyond? Here are a few helpful tips for landlords.Read more
You're probably one of those who are sold to the idea that passive income is the way to earn wealth. Now, you probably have seen people going crazy about buying condo units, and you figured this must be the way to go. And you're right. A condo unit has a lot of earning potential. But just like any investment, there is risk involved, and one of the most significant hurdles that you need to scale is the lack of knowledge.Read more
Each home is unique when it comes to features. Layouts, design, and aesthetic furnishings- these are a few elements that will likely vary in every home. Another aspect, one that has been paid more attention to in recent times, is functionality.
Homes function differently nowadays compared to how they did in years gone by. These can be seen in a stand-alone house in Pasig City or an affordable pre-selling condo in Quezon City. We have to thank technology for this since its continued advancement has led to an ever-growing list of advantages that affect numerous industries. One of which is real estate.
Residential living, in particular, has been improved significantly with the use of home automation or the creation of smart homes.Read more
When it comes to living the good life, few places compare to the excitement of Austin, Texas. The state capital of Texas, it’s the fastest-growing large city in the nation and is regularly hailed as one of the best places to live. The city has long outgrown its college town roots to become a vibrant metropolis. It’s the 11th largest city and is known for having a dynamic food scene as well as being a popular destination for live music festivals and concerts. If you have a taste for the finer things in life, you should give Austin a look.Read more
Although there have been notable crashes in the history of real estate, it continues to be an attractive investment source for those with money and patience. With reliable stability and capital appreciation, investment offerings can produce exponential profits in a housing market that has been driven by a supply reduction and extremely low interest and mortgage rates. Since the appreciation trend is expected to continue for the foreseeable future, investors and entrepreneurs are wise to consider putting money into a thriving market that can provide large profits. If you are unfamiliar with real estate, here are some simple ways you can begin investing.Read more