6/23/2020
Small Renovations to Increase Property Value | Chelsea Herring | Title Insurance
a Small Renovations to Increase Property Value by Chelsea Herring | Jun 23, 2020 | Real Estate
There are several reasons why people would need to increase their home’s property value. The first is that it’s a property they purchased that they are looking to flip for a profit. Another might be the desire for a side income by renting out a portion of the home as an apartment. For many, circumstances dictate that it’s time to sell their entire home to begin a new phase of their life. In any event, the primary motivation behind renovating is to get the most return on investment. There are many ways to spruce up a home, but the likelihood of making a profit isn’t high. Roughly two-thirds of the cost of any remodeling job is recouped. Some areas will give you more investment bang for your buck. For this reason, it’s important to choose which areas to focus on when deciding to spend money. Not only is it important to choose the part of the home that will give you the best return, but it is also relevant to explore how deep you want your renovation project to go. It pays to examine the data. A small kitchen remodeling project will recoup more money than a major one, for example. Once you get into the nittygritty of tearing down old cabinetry, the costs of both labor and materials can escalate quickly. You get one chance to make a first impression, and curb appeal is going to be a huge factor when people are viewing your home, both online and in-person. Replace your mailbox if it is looking old and worn and make sure you clean up any weeds in your walkway or driveway. Another way to instantly transform the exterior of a home is by power washing. It’s like giving the walkway and driveway a fresh coat of paint. Landscaping is another quick way to make the outside of a home instantly appealing, and a front entryway is a great place to change a home’s appearance without too much expense. Fresh paint cannot be overstated enough. An eye-catching door color against the backdrop of a freshly power-washed facade is going to make your home very attractive. Paint is also your secret weapon indoors, as well. A fresh paint job in neutral colors can increase your home value by thousands of dollars, and you can save even more money by doing the job yourself.
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6/23/2020
Small Renovations to Increase Property Value | Chelsea Herring | Title Insurance
Links Crunchbase Medium Pexels Quora Real Estate Vacation Rentals
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