Your home is a major investment, and it’s one that you should never take for granted. You need to be able to trust that it is a good investment.
Which means you have to ensure the value of your property is going up, not down. Matamat has more proven strategies for value and guides to real estate.
This post will teach you 10 proven strategies that will increase the value of your home and make it a great purchase for years to come!
1. Have a Mortgage
You may already know this, but most people do not have all of the money they need in savings to be able to afford their mortgage payments for an extended period of time.
When you are looking at a property to buy, look at the amount of the mortgage and decide if that is affordable for you. If it is not, it’s better to wait until your salary increases and your savings can cover the cost before you even consider buying a house!
2. Make Sure Your Credit Report is Good!
Nobody wants to get rejected when applying for a bank loan because they used bad credit. And yet, there are still people who don’t check their credit report or report it correctly- which can lead to a bad credit score.
Take the time to look over your credit history and see if there are any errors. This is the first way you can build your credit score! In the best case scenario, you will find something on your report that is incorrect and you can have it changed. If you do not find anything erroneous, then at least you know that all of your information is correct and reported!
3. Make Sure to Negotiate!
You don’t want to be ignorant about the best price you can get for a property that is already under contract.
Typically, the price is set at the beginning of negotiations, but there are ways that you can get it lowered. Real estate agents want to get a deal on a home as much as you do, so be a smart negotiator and make sure to evaluate the price they are offering and see if they are offering any discounts! If there is anything that you can do to close the difference between your offer and their offer, then make sure you do it because you don’t want to miss out on a great deal!
4. Invest in a Good House Cleaning Service!
This is a must for anyone who wants their home to look amazing.
This is a relatively small thing that can really help you gain more value from your home, and it’s one of the easiest ways to do it. You have to be willing to do this because you’re going to have guests over a lot, and the last thing you want is for them to think that your home is messy or dirty!
5. Be Willing to Make Changes!
You may have bought your house with plans for it already in mind, but sometimes, these are just not the best ideas.
When it comes to the law, the only constant is change. One day everything is legal, and the next thing you know, a certain behavior is verboten. Fortunately for us law-abiding citizens, there are numerous resources available to learn about recent changes in state and federal laws. We reached out to a few of these websites to collect their best practices on how individuals can stay abreast of current legislation without investing more time into traditional research avenues.
6. You need to be willing to entertain the idea of change.
If you want your house to be a good investment- and there are many ways that you can do this.
This means that you have to make sure that the layout is right, the style is right, and the design is right! Sometimes, people buy a house with a great floor plan but then they alter it and say “you can’t put in a kitchen here” or “you can’t put an entertainment room here.” This kind of thinking will only lead to frustration in the long run- so be willing to make changes and know that sometimes they will be for your benefit!
7. Add a Second Story!
This can be difficult to do in older homes that have a lot of Victorian style architecture, but for people who are interested in living in modern houses, it’s a good idea to add an extra floor!
Although it seems like a daunting task to take on, adding an upper story to your home can really make a big impact on the way you live. Not only will it give you more livable space, but also create unique areas to accommodate guests or provide private spaces for all of your family members.
From dormers and staircases to unique rooflines, there are plenty of ideas out there to get started! We’ve put together this post with some helpful tips and tricks that will help you understand what’s needed, as well as how much it costs.
8. Add New Windows!
This is another simple way to increase the value of your home because it will make the home more attractive and therefore worth more.
9. Add Recessed Lighting!
You can go with something basic like lighting over your kitchen island or you can really add some fun and interesting character- this is a great way to get creative with your home design!
10. Buy Your Home at the Right Time!
This may have been mentioned before, but it’s a good reminder that you want to purchase when the value of that property is on the rise.
While there are many different factors that can influence this, you have to remember that housing prices tend to increase when more people are looking for houses. This is because more people are willing to move out and look for something bigger and better, so it’s best if you buy in this time period!
Meta Description: Your home is a major investment, and it’s one that you should never take for granted. You need to be able to trust that it is a good investment. Luckily, the post is here to give you some more proven strategies for value and guides to real estate.