Easy Ways to Increase the Value of Your Home

remodeling

The real estate market is a challenging place right now. If you are thinking about selling your home and want to improve your home’s resale value while not breaking the bank, here are some quick and easy ways to boost the value of your home. Even if you are not planning on selling, the tips laid out below will help you do some updates that you may have been holding off on.

First off, you should create a plan. Think about what exactly in your home may need updating and start from there. Are you selling your home or are you just doing some much needed updating? If you are planning on selling your home, hiring a home inspector might be a good idea to see what exactly needs to be done.

Kitchen

Remodeling your whole entire kitchen is an expensive project and can take a long time. If you are looking for cheap and quick ways to upgrade your kitchen, start by doing small renovations.

Changing the color of your cabinetry can make your kitchen look drastically different without changing anything but the paint. If your cabinet knobs are looking a bit old or they might have scratches on them, changing them out will help your kitchen look new and modern. Updating a new kitchen faucet set and fixing a leaky faucet will do wonders as well.

If your budget allows it, replacing the appliances if they are outdated will help your kitchen look better and more modern. You can either choose white or stainless steel but make sure they all match, or you can try a brightly colored appliance to bring attention to a certain part of the kitchen.

Bathroom

Touching up your bathroom could play a major role in people wanting to buy your home. Buyers want areas that make them feel comfortable and maybe almost a spa atmosphere. This can easily be done by updating the shower head, replacing the toilet seat, or adding new countertops to the bathroom. Installing heated lamps or flooring can be a nice luxurious touch as well.

If your floors are looking a little dingy, re-grout the tile as well as in the tub and shower for a new and fresh look.

Bedroom

The bedroom is your sanctuary after a long day. It is the perfect place to unwind and relax so you want it to be comfortable. Switching out the bedding and pillows is a quick fix to transform the room. You can add or eliminate furniture to make it the space you desire.

If you are planning on selling your home, repainting the bedroom, or redoing the flooring/carpet is a great place to start! If you have the space for it, think about expanding the closet or adding a second closet for a his and hers closet!

Other Spaces

Add a fresh coat of paint or redo the flooring in your living room and hallways to add some life back into your home.

If you haven’t updated the artwork or decor in your home in a while, doing that will liven up the place a significant amount. Updating the decor in your home will give your space a whole new look without breaking the bank.

If you have an office or an extra room, think about possibly adding a closet, if you have the space.

Exterior

The exterior of your home is just as important as the interior. Whether you are selling or staying, updating the exterior of your home will go a long way!

Replacing your garage door will help the curb appeal of your home. Your garage door might be discolored or have scratches and dents in it. Replacing the garage door is not something that will break your bank and it will improve the exterior of your home greatly.

As we are on the topic of doors, repainting your front door can increase your home value and curb appeal. Giving your front door a new splash of color or a new coat of paint will help significantly. Replace the light fixtures on the front of your home to ensure that they work and to add more decor.

Plant new flowers or even plant a tree to liven up and add color to the outside of your home.

Takeaway

Whether you are getting your home ready to sell or just doing some much needed remodeling, these quick and easy tips will help improve the look and value of your home.

What You Need to Know Being a First Time Home Buyer

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Buying a home may seem like a difficult and long process but there are many steps that you can take to make it easier. The market we are currently in can make the process seem like it’s going to take a while or that it is going to be impossible but with the steps you can take and having a great real estate agent, you will soon be in your next home.

Home prices continue to rise as we move along through the summer which may scare new home buyers into waiting longer. Although home prices are increasing, rent is also increasing so buying a home may save you more money in the long run. Monthly mortgage payments are on the rise but comparing mortgage payments to rental payments, paying for mortgage is still significantly lower than rental payments, according to the National Association of Realtors.

With prices on the rise, determine a budget for yourself and/or if you are buying a house with someone else. Determining and sticking to a budget will allow you to know what you comfortably can afford but if you must go over that budget in a bidding war, it may not be the best thing for you. You may want the house that you are in a bidding war for but if it well exceeds your budget, it may not be the right home. Create a budget where you can possibly exceed by a little bit but not too much.

Think about if you are ready to commit to a loan. Mortgage loans are typically 15 to 30 years so ask yourself if you are ready to commit to this home for a while and if you have the money to do so.

If you are ready to commit to a loan, do your research and find the right type of loan for your situation. There are many types of loans to choose from that range in various forms of how little or how much your down payment can be which may help your financial situation.

Getting pre-approved for a mortgage loan is a major step that you do not want to miss. This major step lets you know just how much you can afford and shows the seller that you can afford to buy their home.

This step may be a very vital part in getting a home. If there are multiple offers on a house, getting pre-approved may make you more desirable to the seller and you may not have to be in a bidding war.

All while in the process of this, make sure you are keeping your credit stable, and you are not draining your bank account. When buying a home, you want to make sure you keep your spending on the low to show that you are responsible with your money.

Also, be sure to scout out the neighborhood at different times of the day to make sure that the community is the right fit for you.

Buying your first home may seem like a stressful and daunting task but with the right help from the right real estate agent, you will find the next home for you!