Home is one of the biggest investments for most people and so it only makes sense to do as much as you can to boost the market value of your home. Depending on your budget, this can mean doing minor repairs or renovations to make it more attractive to prospective buyers. But while home improvements can increase the value of your home, not every renovation will help in selling your home faster.
To make sure that your home improvement project has a significant impact on the worth of your home and maximizes your returns, here are 5 upgrades that make perfect sense.
Spruce up Your Exteriors
Curb appeal matters to most home buyers. In fact, they might not even check your property from the inside if the exteriors are not appealing. Create a lasting first impression with a solid and grand entry door that looks expensive and have it installed at an affordable cost.
Manufactured stone veneers look expensive but cost much less so adding stone veneer will definitely increase the aesthetical appeal and the value of your home. Don’t forget the garage door because this is one replacement that will get you the highest returns. And finally, complete the look with the addition of a classy wooden deck!
Remodel Your Kitchen
No you don’t need to gut your kitchen down to the studs and start from scratch. Just a few upgrades like adding a stylish stone countertop, reclaimed wooden flooring, and refurbishing the kitchen cabinets will do the trick without costing you a fortune!
Upgrade Your Bathroom
A bathroom with upscale features can sell your home! So make sure your bathroom upgrade includes a walk-in shower, support bars, and other key aspects that enhance comfort and safety. And go with neutral colour palettes for a refreshing vibe.
Splurge on a New Coat of Paint
The colours you choose to paint your house with can make a massive difference to the resale value of your property. Cool and neutral colour palettes are a big hit with home buyers so go with serene tones like taupe, blue, and rose quartz. Painting is the easiest and yet the most effective way to boost the value of your property.
Fix Your House Plumbing and Drainage
The plumbing, piping, and drainage of the property often take a backseat when it comes to home improvement. But they are not an afterthought for a buyer. So don’t ignore these important repairs and replacements if you want to get the most bang for your buck.
Having a Budget Constraint? Here’s How You Can Fund your Home Improvement
If money is getting in the way of your home improvement project, home owners can consider applying for a personal line of credit for home improvement. It works just like a home renovation loan and needs no collateral. Homeowners, who don’t have savings, don’t want to use their credit cards due to high interest rates or don’t want to dip into then savings, can count on a home renovation loan to fund their renovations and repairs at relatively low interest rates.
And, if you choose a personal line of credit for home improvement, then you will be charged interest only on the amount you use and not on the entire amount that was disbursed to you. A personal line of credit is available online, needs no paperwork, and you can withdraw as less as ₹ 3,000 multiple times or the entire approved limit in one go. The approval is pretty quick and you don’t have to go through any paperwork. This makes perfect sense for a home improvement project where you cannot estimate the cost in advance. And you can repay the loan in affordable EMIs over the duration of 36 months!