Updating Your Home in Spring Could Increase Your Home Value
May 14, 2020
Spring is here. It’s time for change. If areas of your home have been bothering you for a while now, there’s no time like the present for a small update. Whether a complete overhaul of the interiors is required or just a couple of changes, pour that new lease of life that spring gives us right back into your home.
If that tired old carpet was getting you down throughout winter, get rid. If an overhaul is needed with a number of carpets, think about high traffic areas – you’ll need something durable and hardwearing. What about the kids? Are they prone to spills? A stylish and easy to clean option will update the look, but make sure it lasts.
Even if you’ve been in your home for a while now, you can still update it with a more personal feel. How much does your home really say about you? Does it embrace everything you’re about and everything that makes you feel good?
With money being a little tight at the moment, you don’t necessarily need to think along the lines of a complete overhaul; just a couple of touches. Think about adding citrus colours and fresher scents to bring the feeling of spring indoors. A couple of throws, some nice cushions or even a feature wall. Let your personality out. You’ll be surprised what you can make of a room with just a couple of alterations.
Where once it was all about sleek, contemporary finishes, we’re now seeing more of a resurgence of shabby chic furniture. Typically it all has the feel of wear and tear to it as the items are deliberately distressed, with designers promising a timeless, classic look.
Many pieces in this trend carry the feel of pre-loved cherished furniture, inspired by antique elegance. Furniture like this is perfect to make a home feel relaxing and comfy – like it should be. If you’re updating in spring, a bold decision instead of flat-pack options could make the world of difference.
Revamping the kitchen is a great way to breathe some new life into a home. But it’s expensive to have a complete overhaul. If you’re on a budget, don’t despair. Adding a lick of paint and replacing kitchen cupboard doors will instantly give the illusion of a new space.
When assessing your home for real estate value, there are many factors that are taken into consideration. Once they’ve all been viewed and assessed, then you’ll have an idea of what the real estate value of your home is. This is information that will be quite important if you want to sell your home, or apply for a home equity line of credit, or a HELOC. The value of your home is going to be very important in both scenarios.
You’ve heard real estate agents talk about location, location, location. There’s a reason for that. The most determining factor in pricing a property is its location. This is particularly important for commercial properties because it shows the potential for profit. The busiest areas will have the highest commercial property value.
Your home’s real estate value is also influenced by where it’s located. The closer it is to commercial places, the higher the value of your home becomes. In fact, the neighborhood surrounding your home is also going to influence its value. Living in a safe and clean neighborhood will make it a lot easier for your home to sell.
You need to know who is buying your home and what’s important to that buyer. For instance, elderly people may want to be close to police and fire stations. Parents of children may want to be near good schools and parks. Young people might want to be close to restaurants and shopping. Think of all these things when assessing your home’s value.
Your home’s physical characteristics should also be considered. Such things as the size and number of rooms will be very important. Some people like fireplaces. Is your lawn healthy? Does your area have reasonable utility rates?
It’s also important to take into consideration the shape of the real estate market. You should try to sell your house before a downturn in the economy since values go down along with the market.
When the economy is in crisis, everyone is trying to sell their houses. There are too many cheap deals available that makes it difficult to sell homes. So much competition means people will sell their houses at below market value. Therefore, don’t wait until then to sell your home.