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Real estate value

7 Solutions to Enhance Your Property and Turn It Into a Luxe Place 

April 19, 2023
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When putting a house on the market, every homeowner wants to get the best price for their property. However, with a variety of options to choose from, it might be hard to tell which home improvement projects add the most value.

Below you’ll find a list of seven solutions that will turn your home into a luxurious place and attract the best offers when the time comes to sell.

Upgrading insulation

In order to make your home more appealing to potential buyers, you’ve got to make sure you cover the basics first. Homes that require more energy to run translate to increased monthly expenses, which is a big turn-off for buyers.

Homebuyers look for homes that are optimized for living and cost less to maintain, which is exactly why you should consider investing in insulation. Inspect your home for areas that leak air and add caulk or insulation where needed. Installing programmable thermostats as well as light bulbs will also help retrofit an energy-inefficient home and help save hundreds, if not thousands on monthly utility bills each year.

Kitchen remodeling

Often considered to be the heart of the home, the kitchen is one of the rooms where we spend the majority of our days – prepping food, packing lunches, and eating together with our families. Therefore, it makes sense that you’d want to make it as appealing as possible to potential buyers.

Invest in quality, energy-efficient appliances, and choose a soothing color palette that looks fresh and modern. Wine fridges and warming drawers can make any kitchen look extra luxe, while plenty of storage and a pantry are modern kitchen must-haves. Now, the costs of kitchen remodel can run from just a couple of thousands to up to $75,000. However, given how the ROI on these projects can go up to 120%, kitchen remodeling is considered a wise investment.

Patio addition

As staycations continue to rise in popularity, more home buyers are looking for appealing outdoor spaces where they can spend their holidays, placing decks and patios high up on their list of priorities. When you consider how a deck or patio addition can translate to 80% (and higher) return on investment, it’s definitely an investment worth considering.

High-quality polished concrete is one of the most cost-effective flooring options for a patio, with durability and low-maintenance being two features that make it particularly popular among homeowners. Using only high-quality materials and hiring reliable contractors you can trust will help maximize your returns and add significant value to your home.

Bathroom addition

The number of bathrooms in a home plays an important role in how potential buyers perceive your home, especially individuals with larger families. Adding another bathroom is an easy way to boost your home’s value and appeal to a wider range of buyers at the same time.

Depending on how much you invest, you can expect to recoup anywhere from 80 to 130% of the costs that come with bathroom addition. Think about whether you have enough space for a full-bath or half-bath, and look for rooms and spaces that you don’t usually use (e.g. closets, spare rooms, understairs storage space, etc.) to build an additional bathroom.

Attic or basement conversion

Converting underutilized spaces in your home such as attic and basement is also a great way to add value to your home and convince a buyer to purchase your property. It’s also a cheaper alternative to building out while also maximizing your square footage.

That being said, attic/basement conversions can be quite pricey investments, with ROI ranging from 60 to 70%. However, additional rooms both above and below ground levels can make for great playrooms, bedrooms, home offices and theaters, and present some extra square footage many buyers could use, thus increasing your chances of selling your home faster.

Installing underfloor heating

This is one of those high-end features many home buyers are looking for these days, especially those who are on the lookout for clean, streamlined, minimalist interiors. Installing underfloor heating eliminates the need for radiators, which translates to additional space and walls free of heating devices.

What’s more, heating your home from the floor up translates to even distribution of heat while also resulting in less monthly energy usage. Moreover, an in-floor heating system delivers comfort and luxury, and listing it as one of your property’s features may help attract more buyers and result in higher offers.

Installing triple-glazed windows

How energy-efficient your home is will largely affect its selling price, and consequently, how long it sits on the market. Single-pane windows are one of the things that are a major no-no for many home buyers due to their inefficiency and heat loss that comes as a result.

On the other hand, investing in triple-glazed windows means improving the energy-efficiency of your home, not to mention the added security and the amount of money you’ll be saving on heating and cooling costs by updating your windows. You can recoup anywhere from 60 to 90% of your investments, so upgrading to triple glazing is something home sellers should definitely keep in mind.

 

When preparing your house for sale, it pays to know which projects and features are worth investing in. The tips above will give a boost to your home’s resale value and help you sell faster and for more money.

 

 

In the USA alone, there are millions of homes are sold annually. Before many people sell a home, they will make some repairs and upgrades. This can make the home more desirable to buyers, and also increase the selling price in many cases.

However, it is also possible to sell your home “as is”. This means you sell it in its current state, without making any repairs or fixes. Sure, it might fetch you a lower selling price, but it can make the overall selling process much quicker and easier to deal with.

But before you dive in, it is important to make some considerations before selling a home in this way. With that in mind, this article is going to go over a few tips to help you learn what to know before selling a home as-is.

Know your buyers

Before you try and sell a home as-is, it is a good idea to familiarize yourself with those who might be buying it. When selling “as is” it is important to know that you will be drastically reducing the number of people interested in buying your home. Many people want move-in ready and don’t want to walk into a lot of work.

While there are some individual buyers, you can sell it fast to House Heroes and similar companies, too. These companies buy homes in cash, and can often close incredibly quickly, simplifying the process as much as possible.

Also, be sure to know what selling a house as is means for buyers, so you can better understand them throughout the process. The better you know prospective buyers and what they are looking for in an “as is” home, the easier the entire process will generally be.

selling
Photo by Curtis Adams from Pexels

Always be open and honest

When selling a home as-is, there are likely to be some things wrong with the home that need some attention. It is important that you be open and honest about what these things are. You are obligated to tell the buyer about a variety of things such as potential mold, structural issues. If you misrepresent the condition of the home, you can find yourself in a lot of trouble.

If you purposely hide certain things from a buyer, you could be held liable, and it is simply not a very kind thing to do. Be clear about the pitfalls of the home, and answer any questions you are asked as honestly as possible.

Be ready to move quickly

In general, the home buying and selling process is a long one. It can often take months and months for the process to be complete. This can be annoying, and certainly a little frustrating at one time or another.

However, when you are selling as-is, expect the process to move a lot quicker. Many buyers of these homes want to close as fast as possible, and you need to be prepared for this. Ensure you have everything in order and have your next living situation figured out.

The main reason why these sales can move so quickly is that there is no need to wait for repairs, and the buyers don’t need to take as much time with things like inspections.

Photo by R ARCHITECTURE on Unsplash

Keep it clean and presentable

Just because you don’t fix up the home a ton before selling, doesn’t mean it should be a pigsty. You want to make an extra effort to keep your home as clean as possible when selling it. The cleaner home is, the more that potential buyers will be able to look past some of the upgrades or changes required.

Also, the cleaner and more presentable you keep the home, the readier you will be for showings. Selling “as is” is all about the opportunity, and you never want to miss one because you weren’t able to show a home. If your home is always tidy and taken care of, you can take on showings at a moment’s notice, and give yourself the best chance of finding a great buyer.

Know your absolute bottom price

 

When selling an as-is home, it is a very good idea to know your absolute bottom price. Negotiations are always important when buying and selling, and it is especially true with as-is sales. Expect to go back and forth with potential buyers until a price is agreed upon.

The last thing you want is to miss out on a potential sale by taking too long to counter, or not knowing how low you are comfortable going. Take some time to know the lowest you will accept, as this can ensure you give an instant counteroffer and have the best chance of closing the deal quickly.

In conclusion, we hope that this article has been able to help you learn what you need to know before selling a house as-is.

One of the most common mistakes when renovating and remodelling the home is to focus on the interior alone. Well, those who seek to flip the house or simply boost the value of the property should make an effort to keep both their homes and gardens up-to-date and maintained. It is high time to migrate to the great outdoors, get busy, and feel the gentle breeze and rejuvenating sunlight cuddling you.

Bring the inside out

One of the upgrades that add real value to your home is the addition of the deck or patio. They expand the living area in the most cost-effective way possible. What is more, with the creation of the entertaining area these investments can take the homey comfort to the garden. This is the pure embodiment of the indoor-outdoor lifestyle, which is gaining momentum across the globe. To pull it off, you need some weather-resistant outdoor furniture, as well as a host of throws, pillows and rugs.

outdoor living room for higher property value

Tend the land

Landscaping improves the curb appeal of the house, and adds up to 28% of the value to it. It is a good idea deal with any gaps in planting or pests that want to spoil the outdoor party. Furthermore, trees are essential pillars of any green sanctuary and they also enable the storm water run-off and provide shade, allowing you to save energy. Make sure they are healthy and native to your area. This is also crucial when picking plants and shrubs, but muse on flowers that introduce vivid splashes of colour and picturesque drama into the garden.

A photo of tulips

A fresh start

A fresh coat of paint is one of the most efficient ways to give your property a makeover. Namely, a nice first impression can be amplified with stronger, carefully-chosen paint colours. Revamp the entrance by repainting and upgrading the door or replacing it altogether. Just do not forget to trim the plants, repair the roof, and clear the pathway. Consider purchasing outdoor lighting fittings as well, since it prevents slips and falls, and averts intruders from easily approaching the home. This makes it one of the most wanted features for home buyers and renters.

buckets of paint

Go fancy

Stylish fencing forms a zone of privacy and comfort, keeping pets and kids in, and unwanted guests out. Now, since most fences are installed in the backyard, the impact on the curb appeal is marginal. This is not the say that, however, that it does not affect the value of your real estate. And as for a forward front, you can go for retaining walls and terracing. This way, it is possible to transform useless, sloppy surfaces into something that hinders erosion and run-off, and adds texture and colour. Done right, these features will give your house a face-lift and turn some heads.

garden fence

A fiery embrace

If you want to be able to use the area all-season long, do not fret— there are ways to heat it up. Summon the dancing flames with a fire pit, and ensure the much-needed warmth during colder days. An outdoor fireplace is another enthralling spectacle that transforms the space and makes it more inviting. Also, I would not overlook a wood fired pizza oven can prove to be useful during social gatherings and backyard parties. For a more romantic sensation, you can use antique chandeliers to illuminate the quiet, chilly nights.

Fire pit in your garden

Before and after

Even before crossing the threshold, buyers should be able to witness the splendour of your property. Of course, it is just as important that you enjoy your personal castle more, enhance its value, and customize it so that it reflects your taste. Remember that maintenance and beautifying tasks go a long way in making a positive change in your environment. Put the best face of your property forward, and you will spend the time outside like never before.