In addition to building equity and seeing your property’s value increase over time, owning a home can also be a financial decision that pays dividends over the years. Several factors can affect the rate of property value appreciation, including the community in which your home is located, local housing demand, and the overall economy. Nevertheless, homeowners can increase their home’s value over time by upgrading and making changes that increase its appeal.
If you plan to sell my house in Chattanooga, TN, soon, or if you wish to increase the value of your investment, there are many steps you can take. Here are six proven strategies that will pay off when it comes time to sell your home.
Update Your Home’s Finishes
In some cases, superficial changes can impact buyers more than more extensive renovations. For example, it’s incredible how much difference a fresh coat of paint can make, all for a low cost.
Moreover, according to some experts, fresh paint can increase your home’s sale price by up to 5 percent. You can also increase the value of your home by replacing old light fixtures or replacing your front door.
Upgrade to Energy-Efficient Features
As a homeowner, you can reduce your utility bills by making energy-efficient home upgrades. The upgrades will also appeal to buyers when it comes time to sell, as many are interested in energy-efficient features to reduce their home costs.
Even installing modestly priced modern appliances can boost the sale price of your home if your old appliances guzzle energy and date your interiors.
Boost Curb Appeal
Your home can make a great first impression with simple landscaping features such as new plants and fresh mulch. The best part is that you can make most of these changes on your own, and they don’t cost much. The visual impact will influence potential buyers as well as appraisers.
Renovate Your Kitchen or Bathroom
Many real estate agents claim that selling a home begins with selling its kitchen and bathroom. The return on investment from a kitchen or bathroom remodel can often be 100 percent or higher. Furthermore, the number can be higher depending on the finishes you choose and how much an improvement these changes offer over your home’s current state.
Upgrading the kitchen or bathroom is the best way to increase your home’s value if you have a limited renovation budget.
Invest in Your Basement or Unfinished Spaces
A home’s fair market value is determined by its finished square footage. Adding carpet and drywall to a room can make a room look finished and become a profitable addition to your home without investing in a heavy-duty makeover. As a result, you increase the value of your home by expanding the footprint of this finished space.
Clean & Declutter Your Home
A little deep cleaning goes a long way if you’re selling your home or getting an appraisal. This is an excellent time to dust high places, clean baseboards, mop floors, and donate excess junk and clutter.
Sell My House Fast in Chattanooga, TN
If you’re looking to sell your home without having to make repairs, upgrades, or cleaning, Favor Home Solutions is your best ally! As trusted cash buyers in Chattanooga, TN, we have helped countless homeowners sell their homes for cash regardless of their financial or legal circumstances. Plus, there are no gimmicks, fees, or commissions involved!
We buy houses in Chattanooga, TN, and we’re ready to assist you in any way we can. Contact us today to learn more about getting a free, no-obligation cash offer for your home!