In the span of your lifetime, a home is probably going to be one of the largest purchases you’ll ever make. With a starting price around $150,000, most homes have some serious digits on the price tag. Knowing this, it’s really important to maintain the integrity and maintenance of the home. To take it a step further, your home is an asset that can appreciate in value. Thus, you should take the necessary steps to make sure that happens. Start by paying your mortgage on time each month. As you continue to pay, you’ll build equity in the home. It’s also good to upgrade and update the home. When you purchased the home in 1996, Formica countertops were in style. In 2018, granite countertops are in style. Make the necessary updates and increase the value of the home in these ways.
1. Stay on top of repairs.
Stay on top of all your repairs. When repairs go ignored, this can do a lot of damage in the long run. Be intentional about fixing appliances when they’re broken. If your garage door Denton is broken, get it repaired quickly and avoid homeowner’s association notices and fines.
2. Increase the curb appeal.
First impressions are so important. Make a good first impression by hiring a landscaper to maintain the grounds. Plant flowers and keep the exterior of your property clean. Stand out as the best-looking home on the block.
3. Create an open floor plan.
People love to entertain guests in their homes. One of the best and easiest ways to entertain is with an open floor plan. When people have a clear view from the kitchen to the living room, they’re able to have more fun and connect. Call an architect to help you decide if you need to knock down some walls in the house and get rid of barriers in order to create this open plan.
4. Add a bedroom.
When there’s an additional bedroom in the home, it’s easier to charge more money when you’d like to sell or rent the property. You can work with a contractor to rework the space and create a bedroom. You can also talk to the contractor about building a bedroom as an attachment to the house. The home extension will increase the chances of more money at closing or within a tenancy agreement.