The Truth about Real Estate and Top Determinants of a Home’s Value

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determinants

Regardless of what other people might have told you or what you have read online, determining your home’s market value is no easy task. Sure, experienced realtors can help you with the issue but there are many other determinants that you should be aware of before listing your home.

Potential buyers will look inside the bathroom

If there is one room inside the house (apart from the basement and the attic) that homeowners forget to stage, then that’s the bathroom. However, potential buyers almost always wish to see the water room, so make sure it’s presentable.

Sprucing up the bathroom is way cheaper than you think. An inexpensive LED strip can be used to decorate the vanity mirror while polishing all the handles and knobs will make the bathroom shiny once more. If you have shower curtains, take them down and ideally replace them with a shower cabin.

Energy efficiency is here to stay

A few decades back, the energy-efficient home was an oddity in the real estate market. In the meantime, green homes have become the standard, as folks won’t invest their hard-earned cash in homes that are energy-guzzlers.

Therefore, improving your home’s energy efficiency can never be a bad thing. A fully operational HVAC or a water collection barrel is something that buyers expect to see, so make sure there are plenty of such green home improvements.

Plant trees in the backyard

Speaking of green improvements, there is hardly a more verdant improvement than a tree. In fact, lush houseplants are one of the surest signs that a home is well maintained. Plants need a lot of care to look healthy, so buyers are certain the whole place is kept by people who genuinely care.

If you are looking for a speedy solution, then dig a couple of holes in the backyard and plant several saplings. These will serve as indicators that you have (had) big plans for the estate. Once these trees reach their full size, new owners will have a natural shade, an amenity worth paying extra.

An opening roof is a huge plus

The truth about real estate is that some home improvements are worth more than others. One such example are aluminium louvres that have serious potential to increase your home’s market value.

Made from a material that isn’t prone to rust and a trusted motor, opening roofs are recognized by prospective buyers as luxury additions that they are willing to pay hundreds and thousands of dollars more.

Kitchen appliances are no joke

The fastest way to determine whether a home has been invested in during the past couple of years is to see the state kitchen appliances are in. Age-old models and run-down appliances are a clear signal to buyers that they’ll need to invest a lot in the home.

Before listing your home, take the time to update kitchen appliances. This simple update (you can order everything online and have it delivered to your doorstep) will make the place look modern. It’s not necessary to update every single appliance but only the ones that are in a poor state.

Curb appeal is all about the door

The trick to improving your home’s curb appeal without overspending is to focus your sprucing up efforts on the front door. The lawn is probably green and the driveway is functional but paint is definitely chipping off the front door.

Repaint the door, add a vintage locker for aesthetic appeal, and hang a new home number. Once they stand in front of such a door, buyers will immediately sense that homely feeling that means more green bills for you.

A fresh coat of paint goes a long way

We have left the simplest of home improvements for the end. Repainting the house goes a long way, as walls without dirt on them look impressive. You can cut on costs by painting the walls yourself, only soliciting the help of your family members.

When it comes to the colors, go for neutral tones, such as beige and white. You can create a contrast by painting the ceiling in the same color as the walls but in a slightly darker shade. This trick will make cramped apartments appear bigger.

If you want your home to fetch a higher sale value, then you have to learn about the top determinants. Once you that repainting the house and installing an opening roof are lucrative, you are ready to get busy.