A home appraisal is one of the best ways to determine a property's market value. Fortunately, you can take several steps to improve your home's appraisal. A higher appraisal value means you can sell your home for a higher price, which can result in a larger profit for you as the seller.
So you must implement a home improvement strategy to improve its appraisal value if you want to sell your home in the near future. Read on to learn four effective ways to do just that so you can get the best possible price for your home.
1. Clean and Declutter
You can clean and declutter as an inexpensive way to increase your home appeal. Alternatively, you can hire a professional to work on your home. A clean interior can make a very good first impression when a prospective buyer comes to inspect your house. The purpose of a good cleaning is to make the buyer imagine themselves living in the house with a neat view.
As you clean your house's interior, do not forget to tidy up your lawn and exterior. Fix any broken or damaged areas or replace them with good-quality materials. Deal with any bushes, trees, and unkempt vegetation that can decrease your curb appeal. Wash your windows, and repaint them if the primary frame material is wood.
2. Increase Usable Square Footage
Extra usable space in an existing home might increase your home's financial appeal as property appraisers base home values on the proportion of livable square feet they include. Thus, you can boost utility and add value to a home if you add a restroom, a master suite, or another area that homeowners might need or use.
Also, you can install a separate mother-in-law suite, as most houses lack this feature. When you go to sell, such an improvement might make your home stand out from the competitors.
Moreover, you can add a single huge mirror to a room to make it appear larger than it is to enhance the square footage of your home visually. You can also switch out heavy closed curtains for vertical blinds or shutters that let in light. You can also add an outdoor space, such as a new conservatory or covered patio, which can add to the value of your home.
3. Install Smart and Eco-Friendly Features
A fantastic approach to reducing your electricity costs is to use energy-efficient lighting, like LED lights. You can connect the lights to an application that you can control and manage remotely.
You can also install double-glazed windows, and eco-friendly appliances can also help you save money on energy and also improve the comfort of your house. Also, update your insulation and add home chargers for electric vehicles. Contemporary homeowners like these features, which might help raise your home's value.
4. Renovate or Upgrade Home Features
An improvement to your kitchen, bathroom, or outside doors might offer a significant return on your investment. Replace your outdated front door with a solid mahogany door with frosted glass to improve your curb appeal quickly.
Depending on the finishes you select, the work you're willing to do yourself, and the degree of improvement these improvements provide over the state of your property now, a kitchen or bathroom makeover can provide a larger return on investment.
You can also increase your home's value with modest kitchen and bathroom renovations, such as replacing an old, stained sink with a new, gleaming stainless model. These improvements can make your house more appealing to other potential purchasers, which will raise the evaluation.
Contact us
at East Coast Appraisal Service if you want a home appraisal in New York City and surrounding areas.