One of the benefits of homeownership is that you can build equity in the property with each mortgage payment. The lower your loan’s principal balance, the more you could make from selling the house in the future as the value of the property increases. Many homeowners in Parker, Colorado, who are looking to sell their homes in the future will start to think about boosting the resale value to make more money.
Perhaps you are starting to think about moving to a new home, and you want to take advantage of your equity to make as much money as possible. The more value you add to your property as the owner, the higher the listing price can be.
There are a lot of things you can do with your home to boost its value in Parker, CO. Here are five strategies that could work for you and have a good return on investment.
Bathroom Update
One of the most profitable home improvements you can implement is a bathroom renovation. Bathrooms are very important elements in any home, so investing in them can significantly impact the total value of the home. Even a smaller update, such as a vanity replacement, can be enough to increase the listing price of the home without losing the interest of future buyers. A total bathroom remodel can skyrocket the value and earn you a 100% return on investment at sale if you make the right decisions. Ideas for bathroom renovations include new tubs, a showerhead update, a double vanity, new fixtures, and more water-resistant flooring.
Painting
If you are looking for an inexpensive update that will boost curb appeal and attract better offers for your Parker, CO, home, then a fresh coat of paint can go a long way. If you want to maximize the aesthetic impact without spending very much on paint, you could change the color of the trim and molding around your home. An aging garage door will quickly look far younger with a new color. Painting the siding with a bolder color can also increase the appeal of the home and is rather easy. To spice up the inside a little, you can add an accent wall in your family room that contrasts with the color of the other three walls. Painting is the perfect summer home improvement project because it is inexpensive and does not take a ton of time, but it will have a big impact on the property’s aesthetics.
Put in a Garden Shed
Taking care of the yard is one of the highlights of homeownership. People love to spend time outdoors on their properties, but a lawn requires maintenance to be kept neat and beautiful. Having a place to store all your garden equipment and machines can be a useful upgrade for the property’s exterior. Plus, if you can make positive aesthetic choices and blend the shed into the lawn through landscaping features, then the next buyer will be willing to pay more for your home. Finding storage sheds for sale in Parker, CO, is relatively simple, so you can skip the labor of building your own if you want a finished product that can be put up quickly, though some owners elect to build the sheds themselves.
Purchase Efficient Appliances
Appliances are crucial in a home. They allow you to wash clothes, cook food, store food, use warm water, and more. Buyers want to see low utility costs when they are searching for homes, and investing in efficient appliances can significantly lower the monthly costs of owning your home. Many newer water appliances, including dishwashers, washing machines, and freezers, consume far less water than older models. A more energy-efficient oven consumes less electricity to run, further reducing the electrical bill each month. If you invest in more efficient appliances before selling, buyers will be willing to pay a higher price for the home.
New Flooring
Flooring is another important element of a home’s interior. The right materials and aesthetic can thrill potential buyers, while flooring that is stained or in disrepair could present as unappealing. Investing in a new floor could be the perfect home renovation that increases the value of the property. One of the most popular materials for new flooring is laminate, which can mimic the aesthetics of hardwood while being more resistant to spills and water damage.
Get More Bang For Your Buck With the Right Home Improvements
Selling a home can be stressful, especially if you are worried about making enough money to finance your next home. Fortunately, you can boost property value while you occupy your Parker, CO home by investing in home improvements. Be sure to do your research, however, as investing in projects that other buyers would not like could reduce the amount of money you will make when you sell the home.
About The Author
Hassan Zaka
I am an expert in accounting and possess diverse experience in technical writing. I have written for various industries on topics such as finance, business, and technology. My writing style is clear and simple, and I utilize infographics and diagrams to make my writing more engaging. I can be a valuable asset to any organization in need of technical writing services.
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