How to increase the value of your home may be the last thing you want to look into as a homebuyer. However, it is important to note that some external factors directly add value to the home. Some are not easy to notice when shopping for your first home.
If you want to sell your home fast, there are factors that you should consider most when placing a price on the asset. There are some projects that you can kick off to improve the value of your home before you can list it for sale.
In this article, we look at some surprising things that are most likely to increase the value of your home.
- Location
The location of your home is another factor that you want to consider most when pricing it for sale.
Yes, your home may be that close to your place of work but most realtors and appraisers will consider the quality of the local schools, employment opportunities, and proximity to the shopping centers and supermarkets when pricing it.
These are the most likely factors influencing how the neighborhoods command high prices on homes.
- The presence of trees
Yes, trees in your compound increase the value of your home. Trees add beauty, green, and shade to your compound. Most homebuyers are willing to pay more for this kind of surrounding.
If your home lies in a neighborhood with plenty of large and well-rooted trees scattered throughout, this can increase the home value from 2% to 15% for most high-income neighborhoods.
- Age and condition of the house
It is common knowledge that new homes will mostly attract a higher value. When all the appliances in the house like the roof, plumbing, and electrical are new , it can save the homebuyer some money.
If the roof has a 20 years warranty, it means the home buyer will save money compared to someone buying a roof that is just a few years to be replaced. The cost of replacing or remodeling a new roof is under $8,000 – that is how much money you save by buying a new home.
- Walkability
Walkability is another factor that most homebuyers will often consider. This is a more desirable quality in urban areas since you will be more likely to live around a corner right from the retail store, coffee shop, or restaurant.
The home is of great value in the suburbs if it is close to schools, parks, and supermarkets.
- Modern on-trend features
If the home you are selling has some on-trend features, the value will shoot. For instance, of late, a farmhouse décor and white kitchen are factors that most homebuyers are looking for in a home.
It is important to focus more on trends and upgrade your home to that line if you plan to sell it quickly. Updated modern kitchens can be a huge selling point for your home and this can result in a fast sale.
Final Thoughts
Homebuyers will look for many factors when shopping for a new home. If you want to sell your home for a higher price, you should upgrade to fit some of the highlighted features.
