Just a few years ago, people used to believe that housing prices never went down. All somebody had to do was to buy a house, sit around and wait, and then sell it a few years later at a profit. Of course, that myth was shattered a few years ago when the bottom fell out of the housing market. Now many people are sitting on top of negative equity, meaning that they owe more on their house than what they could get if they tried to sell it today. No matter what kind of position you are in, there is hope. With some simple home improvement projects, you can easily increase the value of your home. This will make it more attractive, more comfortable to live in, and easier to sell should you ever need to.
Repainting is a great cost effective way to increase your property value. A fresh coat of paint gives your house, both on the inside and the outside, that “brand new” look. Also, painting really isn’t that difficult. Sure, it’s time consuming and boring, but it can easily add several thousand dollars to the value of your home. You just need some basic supplies, like paint brushes, rollers, ladders, and covers, and some paint. Then you’re ready to go.
The kitchen is one of the first places people look when checking out a new house. That’s why doing improvements to the kitchen is always profitable. You can change the tile, upgrade the appliances, or redo the cabinets. There are several options when it comes to the cabinets. You can change the handles, resurface the cabinets, or change them out completely.
The bathroom is also a room that can help increase your home value. Changing the tile will give it a fresh look. Also, changing out the cabinets will also add a few thousand dollars to the value of your house.
Landscaping is very important, especially in the front yard. The front of your house will make a strong impression on any potential buyers. The front should look nice, but not too complicated. It should look like it’s easy to maintain, and pleasant to the eyes.
Adding another room can give you quite a boost to your value. One way to do this is to convert an attic into an extra bedroom. Clean it up a little bit, put in a bed and some dressers, a wardrobe, and you’re good to go. You might need to cover the walls, but it shouldn’t be too expensive.
These ideas should help to give you some positive value to your equity. The more improvements you make, the more your house will be worth.