INSURANCE AGENCY NETWORK Blog
Almost two-thirds of all homeowners in the United States have faith in the probability that the value of their homes would continually increase in the next decade. Although that is optimistic, the bottom line is that it still depends on the individual house's worth. The location, the market popularity, and many other things are beyond your control. However, here are some tips for you to build equity in your present home and to raise its value.
Make It Attractive
Check out how your home looks from the corner of the street. Design and decorate it after you’ve asked for feedback. Make sure it makes a great first impression on any passer-by. The most attractive part of the home is its exterior. It’s the one that makes any prospective buyer have the desire to see what’s inside. Landscape the interior and repaint the front door. Proceed to the kitchen and bathroom. Find ways to remodel them or to spend on new flooring. Get new custom cabinets and fixtures too.
Keep the Maintenance Low
A home that needs constant expensive maintenance will not attract many potential buyers in the future. However, those with a furnace, water heater, and a smoke alarm are an exception. Such a home has a high level of safety that makes it attractive. Change everything in your home that keeps the maintenance high. Replace carpet with hardwood floors while you replace wood siding with vinyl types. Whatever is easy and cheap to clean and replace would be ideal.
Increase Its Energy Efficiency
Another factor that seriously affects the value of your home is energy conservation features. Nothing beats an energy-efficient home. If you have energy-efficient mortgages, then it means you're paying for energy-efficient home upgrades. Especially in very cold or scorching places, double-paned windows, LED lighting, and attic insulation are attractive. They will surely increase your home's value.
Increase Its Size
Another factor that has a substantial impact on the value of your home's square footage. The bigger the house, the better it is. Bigger homes will always command higher prices because of their high value. Every good buyer knows this. You can make your existing home bigger by adding a room. You may also build a deck or finish the basement.
Install Smart Technology
One of the best ways to increase your home's value is to install safety-enhancing technologies in the home. If you have smart devices like fire detectors, thermostats, security cameras, automated locks, and even carbon monoxide detectors, that will increase your home value.
Some Final Words
Through cash-out refinancing, credit card, or personal loan, you can get funds to be able to do something to increase your home value. Don't hesitate to do that so that your future tenants or buyers would appreciate your home. However, one of the most important things to do to increase your home value is a home insurance policy. You should get one as soon as possible.
At Insurance Agency Network, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (425) 681-0996 or Click Here to request a free quote.