Owning a home is everyone’s dream. Owning a house however means you have the sole responsibility to ensure it is in the best condition possible. This entails taking care of everything from the simple necessary repairs to handling larger issues. It is only in doing this that you can protect your home from depreciating and making it as comfortable and appealing as possible. Consider seeking the help of real estate professionals or even inspectors to find ways in which you can improve the value of your home.
Many people are short of ideas when it comes to increasing the value of their homes. Some are torn between updating their kitchen, the bathroom, or even investing in a new roof. While working on either of these might seem like a wise idea, you need to identify just the spot/area that needs to be updated. Where you put the money in is more important than how you do it. Here are a few ways in which you can protect your home from the current market trends.
1. Regular Maintenance
Routine maintenance is the one best way to preserve/protect your home’s value. According to the National Association of Realtors, it would be advisable to set aside at least $500 per month for big repairs. Plumbing, electrical, and roofing problems do put a considerable dent on the home’s overall value. For this reason, you need to keep up with minor fixes to ensure these do not get beyond your control. Simple practices such as cleaning the gutters, weatherproofing, replacing broken shingles and roof tiles, and stopping leakage go a long way in protecting your home’s worth.
2. Work on the home’s Curb Appeal
Good aesthetics play a huge role in almost anything. Loose railings, a dirty siding, broken light fixtures, and even an unkempt exterior only show how fast the property is depreciating. Consider applying a fresh lick of paint after every few months, ensure the garden is in the best condition, fix broken fixtures, and most importantly, keep the entire house clean. Keeping the trees and the lawn in the best shape also shows how caring you are as a homeowner hence protecting the value of your home.
3. Consider Some Upgrades
Old cabinets, outdated appliances, and countertops in both the kitchen and the bathroom can cause a drop in your home’s value. Replacing any older and inefficient appliances can give your home a value boost. If possible, consider going for energy-efficient appliances for an upgrade. These include dishwashers, refrigerator, light fixtures, and even the heating system. Although you might want to take on a remodeling project for your home, you need to be careful with the areas you choose for an upgrade. This is according to the National Association of Realtors.
Vacant homes due to foreclosures can also have a significant impact on the houses within the neighborhood. For this reason, you need to be watchful of empty homes that fall into disrepair with unkempt lawns, dead or encroaching bushes, as well as bushy flower gardens. You can make it your responsibility to pull out weeds in their yards, as well as clean the compounds to preserve the neighborhood’;s appeal. You could also engage neighbors to help keep the neighborhood clean and protected.
5. Seek Professional Advice
A real estate consultant can help guide you into boosting your home’s value. The best thing with working with a professional is that they can notice even the smallest problems that if repaired, can give your home a significant boost in the market value of your house. Consider calling a real estate sales agent or even a home inspector for help identifying mechanical and structural problems that could be causing your home to lose value. The inspector should be able to make a list of recommendations on possible repairs that could make a difference in the property’;s worth.
A well-maintained house lasts a lot longer and is more valuable than a neglected one. Taking the initiative to ensure everything is in the best condition possible in the house is one way to protect the house’;s value. You won’t need an expert’s eye to see a well-kept house, and one that needs serious work to restore its former glory. That said, it would be advisable to take the necessary measures to ensure the house is in the best condition possible.
Some factors can affect the price and value of your home. These include regulation changes, rising interest rates, and economic patterns that affect/influence a buyer’s decision. While you might not have control over such factors, taking care of what you have control of is all that matters. Working with a professional realtor can help protect your home’s value.