Location, Location, Location
Te neighbourhood you buy into may have more to do with your home’s valuethan the dwelling itsel. A very modest home near the beach may ofer a million-dollar view, while a mansion in the middle o nowhere may have little appeal, nomatter how grand. I you move to an area with excellent schools, that could makeyour home more valuable when you decide to sell. I there are high homeownerassociation ees or special assessments, that could afect the purchase decisionso uture buyers
Beore you put your home on the market, youshould understand that rst impressions are very important. I you have a rusty automobile parkedin your driveway, many would-be buyers willsimply move on to the next house. Making sureyour ront yard is clean will make a signicantdiference.
Experienced real estate proessionals know that a ew well-chosen improvementscan add value to your home. As homes age, many homeowners are renovatingto bring them up to date. While it’s ne to make your house as attractive as thosehomes that surround it, you’re unlikely to recover your costs i your home becomesar more desirable than those o your neighbours. I you spend too much, theoverall character o your neighbourhood may prevent you rom reaping the ullreward o your investment. Remember, a $75,000 renovation project will notnecessarily increase your home’s value by $75,000.ypically, the more modest projects have the biggest payofs. Neatly trimmedlandscaping, new carpeting and resh paint are relatively inexpensive ways toincrease value. Interior painting is a good place to start. Te investment is small,and with a little patience and attention to detail,anyone can do it. Beore you reach deep into yourpockets or something like a kitchen makeover,make sure you weigh the costs and benets o the project.
Some improvements are unlikely to increasehome value. A swimming pool, which needsconstant upkeep and can increase your utility bills, may deter many potential buyers. Tink about uture owners when you select exteriorpaint or your home. Neutral colours tend toappeal to more buyers. An outdoor playhousemay seem ideal i you have small children,but many uture buyers will preer an openbackyard. ry to nd a middle ground thatwill be appealing to a wider range o buyers.
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What qualitiesadd value to yourhome?
Make the Most Out o YourReal Estate Investment
Home values are on the minds o everyonewho enters the real estate market. We allwant to purchase a home at a air price andwatch its value grow over time. No onewants to put a home up or sale and fndout that the equity has not increased or,worse, that the value has declined. Te value o a home depends on many variables,such as age, condition, size, design,crasmanship, amenities and location.o make an inormed, wise investment,consider some o the ollowing qualitiesthat add value to residential real estate.
When in doubt,