4 Ways to Boost Home Equity
Selling a home is often a major undertaking. You never know how long your house will sit on the market, and the entire time it does, you have to keep it clean and ready for showing. The whole rigamarole is exhausting. But if you think ahead, you can make a few, strategic improvements before listing it that will most likely speed up the sale and possibly increase the price. Check out these ideas for boosting your home equity.
Maximize curb appeal.
Your house needs to make a stellar first impression. Clean up your yard, plant some new flowers and bushes, fix your front steps, and maybe add a new coat of paint to your front door. One of the best ways to improve home equity is to make it look inviting.
Improve the kitchen.
You’ll get some of the greatest returns on investment when you upgrade your kitchen. You don’t necessarily have to completely remodel it—even a new coat of paint will help. But you might also consider adding a nice countertop, replacing the backsplash, or installing stainless steel appliances.
Make your home low-maintenance.
A lot of potential buyers are looking for homes that don’t need constant upkeep. So, you can increase your home equity by making improvements accordingly. Replace any major parts of your home that could be failing, like your roof, water heater, or HVAC system, and update your plumbing and electrical system. You might also think about installing floors and countertops that require little-to-no maintenance.
One of the best ways to improve home equity is to lower its energy costs. Install high-efficiency windows and LED lights, and add enhanced attic insulation. If you really want to go all-out, you can place solar panels on your roof.
Of course, once these improvements pay off and you sell your house, you’ll be in the market for a new one. Contact a Hibbs agent to find the right insurance policy for your dream home.