You may not be planning to sell your home anytime soon, but that doesn’t mean you shouldn’t invest in the equity of the property now. Building your home’s equity gives you value that you can use, even if you don’t sell your home.
If you ever find yourself in a bind, you may need to borrow against the equity of your home. If you’re selling your home, boosting the equity will help the property sell for more faster. You could look at this post to know more about how you could sell your home faster.
However, here is a quick overview of a few ways you can boost your home’s equity for under five hundred bucks.
Invest in some curb appeal
Adding a few touches to the outside of your home is always great for boosting property value. You can reimagine your backyard landscape design with DreamzAR app or similar others by uploading your garden images. This may help in generating a number of ideas within your budget in a quick span of time. Additionally, you can modify design elements in order to see real-time updates in the design. This might be useful to transform the exteriors according to your taste.
Spend a few hundred bucks purchasing bushes, flowers, trees, and sod.
Fertilize the lawn at the right time, so it will grow full in the spring.
There’s never a second chance to make a first impression on buyers, so make sure not to forget the outside of your property. If your landscaping is already complete, spend a few hundred on a fresh coat of paint.
Consider getting your roof repaired
Extreme weather conditions and ageing often cause damage to the roofing system. This might pose problems like water intrusion, gradually causing damage to the interior of your house. In this regard, it might be helpful to consult roofing contractors stuart fl or similar others nearby who can assess the current condition of the roof and repair the damaged areas. This usually addresses leak problems, while also enhancing safety of the structure.
Upgrade your kitchen for efficiency
The kitchen is the heartbeat of the home, and homebuyers seek out properties solely for their kitchen build. Make sure your kitchen isn’t subpar, and upgrade different elements of the space for efficiency.
Install Energy Star appliances, so you can claim the costs on your taxes when the year is done. Spend a little of the budget on new countertops, and refinish the cabinets for a tip top look and a functional floor plan.
Spruce up your bathrooms
The bathrooms in your home are nearly as important to the value and sellability as the kitchen. People spend a lot of their time in the bathroom, and they want to enjoy their time. A simple makeover of your bathrooms will make a world of difference.
Replace old fixtures, paint the room with a fresh coat, and put a thorough cleaning on the space to make it far more desirable. Grime and soap scum won’t convince the bank your home is worth more.
Clear out your yard
Clearing out your yard from unwanted trees is another important aspect of boosting your home’s equity. While trees can bring beauty and shade to your garden, they can also pose risks if they are not properly cared for. Trees that are overgrown or diseased can cause damage to your home, leading to costly repairs and lowering your property value.
For this reason, you can contact professionals for tree removal in your area, and to prevent any damage from falling branches or uprooted trees due to storms. Additionally, removing diseased and unwanted trees clears up more space for landscaping projects that can further enhance your home’s equity.
Add a porch/deck area
Add some recreation space to the outside of your home, and you’ll likely see close to a full return on your investment. Homebuyers covet a spacious outdoor area for barbecues and other social gatherings.
Finish the attic/basement
Install insulation and drywall in your attic or basement space to expand the square footage of your home. Compounding your livable space gives you and your family more room to stretch your feet, and more rooms look far more appealing to potential homebuyers. A three bedroom home is worth more than a two bedroom home.
