Dump the January slump! Now is the time to act on that nagging voice telling you to do more that resounds with the dawn of each new year. Lofty resolutions have often failed by the time Blue Mon-day, the day we are statistically at our lowest, rolls around.
The end of each year propels us into a perplexing knot of family commitments, big purchases and often extensive travel. Grab an end and begin unknotting. Use the new year as impetus to turn your thoughts to the bigger picture. So many options are available to homeowners, and investors looking to capitalize on one of the greatest investments out there.
Often daunting updates and even routine maintenance can seem mundane, but ignoring them only leads to depreciation down the road. Instead, recognize these as opportunities to maximize on your most important investment.
Whether buying or building equity within your current property, there are simple steps that will provide you with more security and add value to your investment. Resolve to create revenue or build equity by following these timely tips.
TOP 5 VALUE ADDING TIPS:
- CREATE A MODERN SPACE: Knocking out non-structural walls can create an open and inviting space, and provide a modern feel. Buyers on a budget still want square footage; however, opening up rooms will help develop the illusion of a larger space that every buyer is seeking.
- IMPROVE STREET APPEAL: Manicured landscaping, walk-ways and a new front door can do wonders for curb appeal. First impressions go a long way and this crucial improvement can increase salability.
- LIGHTING: Updating light fixtures throughout the home can be an inexpensive and major way to change a space and provide an updated current feel. There are plenty of different styles to choose from in order to completely transform your home.
- MAINTENANCE: Show off the consistent maintenance that has been completed within the home that reassures the bank or po-tential buyers that the property has been maintained. The less work required when it is time to sell, the more likely you are to gain top dollar and avoid trouble selling to buyers who want a turn-key purchase. Consider windows, shingles, furnace and grading as key points to maintain.
- THE BASICS: Rip out old carpet and upgrade to new tiling or laminate. This will help create an even flow throughout your home by having more continuity. Consider updated counter-tops such as quartz or granite, or a fun backsplash to add a memorable feature to your kitchen and bathrooms.
For more expert advice on adding value to your home, contact me today! These ideas can be deployed to update your current proper-ty for your own enjoyment or to prepare a listing or to help visualize a potential purchase you are willing to complete work on!
Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.
Franklin Roosevelt 1882-1945
