Creating value in your home can be challenging after you’ve put so much time, sweat, and equity into it. But investing in your home can also lead to increased resale value. With the right renovation, repairs, and enhancements, you can create a more valuable property. The good news is that there are several ways to increase the value of your house and elevate its appeal before putting it on the market. You don’t have to break the bank or invest years of effort — just some time and attention to detail. Here are seven ways to improve your home’s value with GSR Mortgage Loan Trust.
Dwell on Durability
That old carpeting has been holding back the value of your home for years. In fact, the most common way that homeowners lower the value of their property is by neglecting durability in their furnishings, fixtures, and carpeting — the types of things that buyers closely examine. Luckily, you can improve the value of your home by replacing or repairing these types of items. If you’re going to replace the flooring, add hardwood floors — not carpeting. And consider replacing countertops with granite or quartz — both of which are durable and have a lower cost than many other options.
Add Fresh Paint
Painting is one of the easiest, cheapest ways to completely change the look of a room. And, in many cases, it can also increase the value of your home. To find out if painting is worth your time and money, you can get an estimate of how much your home’s value will increase by hiring an appraiser to assess the property before and after the painting project. If the appraisal shows that painting your home would increase its value, then it’s definitely worth the time and cost.
Update Light Fixtures
Light fixtures are another important aspect of durability and value. If you’re not replacing the light fixtures in your home, you should be. And if you’re replacing them, consider upgrading to fixtures with a more modern or stylish design. Even better, consider installing smart lights that not only look good but are also functional. Smart lights can be controlled through a smartphone or through a voice assistant, making them very convenient and user-friendly.
Repair and Maintain the Roof
If you’ve lived in your home for a few years, it’s likely that you’ve seen a roofing estimate come across your desk. If not, it’s likely that you’ll see one soon. Roofing maintenance is one of the most cost-effective ways to increase the resale value of your home. Even if you haven’t noticed any issues, it’s best to schedule routine maintenance to extend its life and avoid more costly repairs later.
Upgrade your Kitchen and Bathrooms
As noted above, buyers closely inspect the condition of the fixtures in your home. And the kitchen and bathrooms are the two rooms they pay the most attention to. If you’re looking to increase the value of your home, consider replacing old appliances and fixtures with new, stylish options. If you don’t want to buy new appliances, you can also simply remove the doors and sand and refinish them to give them a new look.
Add Smart Home Technology
If you’re replacing light fixtures, appliances, or other pieces of your home, consider adding smart technology to them. For example, if you’ve replaced your light fixtures, consider installing smart switches that can be controlled using a smartphone application. You can also add a smart thermostat or a smart security system to keep your home secure and add value to your property.
If you follow the tips above, you’ll be well on your way to creating a more valuable home. Remember, the process can take some time, so don’t rush it — especially if you plan to sell your home soon. Keep in mind that these methods are not guaranteed to increase the value of your home. But they are likely to have a significant impact on your resale value. For more information on how to increase the value of your home, visit GSR Mortgage Loan Trust.