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How To Increase The Value Of A House And Make Money On Its Sale

Posted by S. Kotliar on August 11, 2021
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Specialists of the multidisciplinary construction companies have been working in real estate and investment market for more than 10 years. Cosmetic and capital repairs of residential premises, construction and reconstruction of private houses and commercial buildings, development of interior design and landscape projects will make the difference. For both, buyer and seller. Most of the times, but not always.

 

Home improvement does not just improve the quality of life in it. Competent changes can be a profitable financial investment due to an increase in the market value of your property. Also, if you significantly increase the market value of your home, it will be possible to get a more favorable mortgage for the purchase of a new home.

 

If you are thinking about improving housing conditions in order to increase the value of your home, then Parkhomenko Real estate Team will help you understand what exactly buyers are paying attention to when searching for housing in your area. Some trends in renovation and rebuilding are even constant favorites, attracting buyers from all over the country.

 

What are the most profitable?

Re-equipment of the basement

The number of meters of living space in a real estate is one of the key factors affecting its market value, and it is the basement that are a prime example of unused space in many homes. The transformation of the basement  into a bedroom with a bathroom is a direct way to increase the market value of the property. If your house initially has enough bedrooms, think about an alternative use of space – basements will make great home offices, cinemas and game rooms.

 

Landscaping and Concrete

Of course, it is easy to forget about the importance of the garden when the weather is not always friendly. But even a few simple changes that will enliven a dull or untidy outdoor area can have a significant impact on the market value of the house. Do not limit yourself only to flowers and other plants – adding areas for games and recreation, beautiful patios, equipped barbecue areas, etc.also plays a big role.

 

Exterior works

No matter how beautiful the interior of your home is, the first thing a potential buyer will see when getting acquainted with your property is its exterior, which means that you need to pay attention to such moments as cracked walls, peeling paint or dilapidated windows – such details can significantly worsen the impression of your home. Work on the exterior is important not only in terms of improving aesthetics, some changes – such as the addition of eco-doors and windows, as well as insulation and decorative plaster of external walls will help to increase the energy rating of your home and, as a rule, reduce the cost of heat and electricity bills.

 

Kitchen renovation

Nowadays, the kitchen is not just a room where they cook, it has become a place of meetings and communication, where many people prefer to have fun and even work. Therefore, those who want to increase the value of their real estate, it makes sense to pay attention to the conversion of the kitchen. Beautiful new kitchen furniture and appliances can be a key point in the sale, which will favourably distinguish your home from others.

 

In practice, some changes may be more attractive to potential buyers than those that may be a priority for you. But if you are not planning to sell your house in the near future, then, of course, it is better to think about what improvements will make your house more comfortable for your personal residence.

 

You can always find an option that will be a good compromise solution that both suits you now and works for the future.

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