Conversely, when looking at a home to buy, it’s important that you look at it in terms of potential so that you can plan ahead and find ways to make the home more profitable than it may currently be. Here are a few examples:
Aim to make a good impression
For homeowners, this means taking care of the outside of the house. For home buyers, this means looking at the outside of the house and checking if you can do something that can improve its outwards appearance. A house may be beautiful but needs repainting. Adding a fresh coat of paint can raise the value of the house and make it attractive to future buyers. The hedges around the house may be growing in an unflattering way and you may realize that trimming the hedges, giving the front lawn a makeover can open up the house’sbeautiful facade a lot more. The curb appeal of the house can attract more buyers and raise the house’s market value a lot more.
Check for anything extra you can improve on in terms of usability
Learning to spot unrealized potential can help you sell the house better or raise its value. For example, having a tended, well-maintained oversized backyard can highlight the fact that the space can be used for an expansion. Maybe a separatehome office, tree house, or anything similar. Extra spaces in the house that are clean and accessible can draw the attention to the fact that it could be extended to a room. Get creative with the use of space so that the house will have an improved value.
Work on your kitchens
If you already own a home, it would raise the value of the home dramatically if you have a well-tended kitchen. This is one of the most important selling points of the house so it’s going to make a lot of difference if you make an effort to take care of it. When buying a house,check and see what kind of work needs to be done on the kitchen. It may be a diamond in the rough, it may just be too expensive a project to take up.
Work on your bathrooms
Most realtors will tell you that two things rank high on the factors that affect a home’s value and these are the kitchen and bathrooms. Replace the light fixtures on your bathroom, make sure the faucets are working and look presentable and take out the stains from the tiles and the bathtub. If possible, hire professional cleaners once in a while to clean your bathroom and keep the grime that builds up over the years at bay.
