Making use of your exterior is our seventh secret to boosting the value of your house:
Selling your house can be a complicated and frustrating process. Are you going to get the price your home is worth? How do you make sure that your house’s resale value doesn’t drop after years of living there? One way you increase the resale value of your house is by updating features and adding certain elements that can contribute to the value and appeal of your home. It’s important to choose projects that will give you the highest return on your investment, especially if you’re thinking about selling your house. The hardest part is knowing which home improvements actually increase the resale value of your home and which ones are a waste of time or money. If you are planning on putting your house on the market you should start scheduling any renovations you intend to make. Learn our seventh secret to boost your home’s value below.
7: Remember the Great Outdoors
Your home’s property is another opportunity to expand its living space. Adding a deck or patio, with room for seating and a built-in or freestanding grill, is a way to create a defined space for outdoor living on a large or small scale.
But remember the rule of low upkeep, especially if your future buyer is likely to be a millennial. “They love outdoor spaces, but whereas prior generations might have gone for the pool, Gen Yers recognize the maintenance costs associated with it,” Berger says. “They’d much rather see an outdoor fire pit surrounded by a simple seating arrangement.” Don’t go for overly lush landscapes, especially in drought-stricken regions with high water costs. (Check our guide to outdoor living.)
Curb appeal. Trimming overgrown shrubs and making minor repairs to the façade, including painting the front door, can deliver quick results. Replacing worn-out siding is a major undertaking, costing $12,000 on average, but it can give your home a complete facelift.
Water-smart yard. Replacing a section of turfgrass with native ground covers or pea gravel will reduce the maintenance costs while adding visual interest.
Potential bump: 3 to 5 percent
At Stonebridge Mortgage, our goal is to make sure you find a real estate loan you that allows you to get the property you want while also feeling secure about your ability to make the payments. Click to learn about our Real Estate Loan Integrity.
SRC: Click to read more ways to boost house value.