Upgrading to a new home is exciting but also overwhelming as the emotional attachment to your old home kicks in. However, change is a necessary part of our lives to enhance the quality of our lifestyle and to meet the needs and requirements of the family.
The process of selling your property is just as complicated as selling a new one. When you sell your old property to move to a new one, the value of your old property determines how much you can borrow for a mortgage. Every homeowner wants to bid goodbye to their old home with satisfaction, which depends upon the value they receive for it.
If you are considering buying a home at a high value, then this blog is for you. Read on to learn how to boost the value of your property and get a satisfying deal.
Add Usable Square Footage
The value of your home depends upon how much livable square footage it possesses. Adding usable square footage to your home, such as adding a bathroom, a new room, or another living space, enhances the convenience and functionality of your home, boosting its value to the maximum.
The more value you get for your house, the lower amount you will require in the process of home loan approval.
Make Your Home More Energy Efficient
How much energy your home consumes is a big concern for many home buyers as it can become a burden of exceeding expenses. Therefore, a home that lowers utility bills can enhance the value of your home. This can be done by using smart technology, such as installing smart thermostats, which improves efficiency and saves money.
Investing in a smart thermostat enables homeowners to control the environment of their house from anywhere, allowing them to save power and eventually save a good amount of money on power bills.
Work On Curb Appeal
First impressions go a long way, and a home that not only caters to your needs and requirements but also offers functionality and a great appearance around the house compared to nothing. Therefore, landscaping can help you add extra value to your house, making a solid deal.
Don’t let your finances hold you back. You can always opt for loans to remodel and increase the value of the house to get a big deposit for your next home.
Update Your Kitchen
The kitchen is the centre of attraction for many homes. This is the place that changes the whole image of the house. A kitchen is where you spend a lot of your time cooking and preparing delicious meals for you and your family, and the more convenient it is, the happier you and your family are.
Therefore, it is ideal to upgrade one of the most important parts of your home by updating them. You can either make slight changes to fix the issues in the kitchen or completely remodel it for an increased home value.
Upgrade Your Bathroom
The bathroom might be the second most popular space after the kitchen, as both these spaces are meant to take care of you and your family. A beautiful, shiny and clean bathroom that offers great showering space along with a small changing room or an inside walk-in closet, if possible, can spike the value of your home.
Following these steps, you can get good value for your home, and a mortgage broker can help you pay the loan faster for the new home. You can also freshen up your home with paint, covering the dull and ruined spots of the home and making it as good as new. However, it is essential that you prioritise all the fixing and repairs within the budget so as not to lose more than you get.
