Consumer Information
Guest blog by Emila Smith
For many people, a home is the biggest investment they will make. While it is always exciting to make property improvements that make it feel more like home, it’s always a good idea to consider whether the money you are spending will convert into added value when it comes time to move on and sell.
In September 2021, the median property price in Shelby, North Carolina, was $ 181,300, up a staggering 45% year-over-year.
House prices are on an upward trajectory, but to add value through renovation, you need to not only recoup any money invested in the improvements but also add value over and above the amount outlay.
Whether you want to make improvements solely to add value, or you’re renovating regardless and want to add value as you do, here are nine improvements virtually guaranteed to add value at resale.
Redecorating
Let’s start with a relatively inexpensive option that can make a surprising difference – adding a fresh coat of paint. Revitalizing a drab, aging space with paint is an affordable way of significantly enhancing the property, especially when done smartly. For optimal value-adding results, add accent walls that cleverly match any decor, appliances, or other features, and as a general rule, stick to neutral colors for easy resale.
Updating The Exterior
While we’re on the subject of paint, when it comes to selling a property, curb-side appeal sure does count. First impressions make a big difference, and the overall quality of the exterior of your home says a lot about how the property is generally cared for. Dirty walls, cracks, fading paint, and broken gutters do not convey a property worth valuing highly.
Ideally, plan to pressure-wash the exterior of your home regularly. If the exterior walls could use a new coat of paint, consider what will best fit the neighborhood’s aesthetic, and again, go for something fairly neutral.
A new, high-quality front door can also work wonders for your home’s curb appeal. Whether you want to incorporate the look of natural hardwood into your home’s aesthetic or simply repaint the current door, you shouldn’t underestimate the potential of addressing the door.
Updating Your Kitchen
The amount of work that you choose to undertake when improving your kitchen can vary widely. For some kitchens, all that is needed is a minor remodelling, which can still change the look significantly and make it seem considerably more modern.
Minor kitchen remodelling could include replacing or refacing cupboard doors (i.e, painting over), changing handles, repainting the walls, and/or adding a tiled splashback, modernizing the lighting, and replacing the tapware or the whole sink if it’s seen better days.
An added tip is to always go for energy-efficient, smart technology when replacing lighting, appliances, etc., as this can also add value to your home.
Walker Woodworking
Walker Woodworking
Walker Woodworking