7 Upgrades That Can Increase The Value Of Your Small Home
Improving Smaller Homes
Selling your home can be a stressful experience for a variety of reasons. This is because there are so many factors to consider and different aspects to manage that can make you feel overwhelmed. For starters, you have to make sure that your home looks presentable so that you can convince prospective buyers to buy your property. On top of this, there will be various negotiations involved with real estate experts that you will need to undertake.
When it comes to larger homes, getting paid the appropriate amount is not always a problem, as bigger houses mean homeowners can ask for a larger premium. However, problems can arise when you have a smaller home. It may be more challenging to find aspects you can improve, therefore harder to convince sellers to pay a higher price for your home. As a result, you may be unable to increase the value of your small home. Not to worry, however, because we have you covered. In this article, we will provide you with 7 upgrades that can help you increase the value of your small home. Without further delay, let’s get into it.
1. Upgrade Home Appliances
Regarding the real estate market, it is customary for kitchen appliances like refrigerators, ovens, microwaves and dishwashers to be left by the sellers, especially if they are built-in. This is because it is a hassle to move them. It not only adds to moving costs, but the appliances can also be damaged or cause damage to other valuables during the moving process. If your small home does not particularly stand out on its own, you can consider upgrading the home appliances in the kitchen.
An even better incentive for prospective buyers is energy-efficient kitchen appliances, as these can help with long-term savings on energy bills. This can add value to your home, as buyers always look for ways to save money and avoid as much hassle as possible when moving into a new place. If they see that you have new, energy-efficient kitchen appliances, they may be more likely to pay a higher price.
2. Give An Impression Of Spaciousness
The size of a home is a critical factor in its value. While you may be unable to increase your home’s size, you can certainly make the rooms inside seem larger. There are various techniques you can utilize to make your home seem bigger than it is. For starters, you can maximize the effect of natural lighting within the house by giving your rooms a fresh coat of white paint. White walls can help to reflect light, making the room look brighter and more spacious. This effect can further be heightened by making use of large windows and carefully placed mirrors to reflect more light.
After this, rearranging the furniture helps to maximize the space available in your rooms. Place more oversized furniture against walls, whilst ensuring that they do not block any pathways. This effect can be heightened by having a clear focal point in the room, whilst ensuring that there is as little clutter as possible.
3. Make Your Home Energy Efficient
With rising energy costs nowadays, it is only natural for potential buyers to consider how energy efficient the new home they are buying is. This includes looking at if there is proper insulation and if the windows and doors are draughty. These flaws in your home will result in rising energy costs which can decrease your home’s value significantly. Therefore, adding some extra insulation to the walls and attics is an excellent idea. You can even opt for exterior cladding that provides further insulation and protection, making your home exterior have more of a modern aesthetic. Additionally, you should ensure that the wiring, sockets and other components are correctly sealed to prevent energy losses. You can also consider purchasing energy-efficient appliances, as mentioned before.
4. Improve the Exterior
You may have often heard the expression that first impressions count. This expression definitely holds true for your home’s exterior, as it is the first thing any potential buyer will notice, regardless of your home’s size. Therefore, it is in your best interest to make sure the exterior of your home is as well presented as possible.
For starters, you can add a new walkway to a front garden, or repaint your front door so that your home’s appearance is more eye-catching and neat. Alternatively, you can surround the front of your home with shrubs and bushes, which can make your space look attractive, spacious and welcoming.
5. Upgrade the Bathroom
The bathroom is typically the most challenging room in the house to remodel and construct due to the extensive costs involved. Despite this, you must ensure that the bathroom looks as functional and aesthetically pleasing as possible. After all, if it is not up to par, potential buyers will consider the costs of remodeling the bathroom on top of the costs of purchasing your home, which will likely lower the value of your home.
As a result, it helps to upgrade your bathroom space. This includes giving it a fresh coat of paint, adding new lights, retiling and installing new sinks, bathtubs and toilets. The cost of remodeling could be worth it to boost the value of your home. Adding mood lighting and a minimalist design can help your bathroom appear larger, further increasing your home’s value.
6. Upgrade the Kitchen
Alongside bathrooms, the kitchen is another room potential buyers look at in particular. Most people look for modern, efficient, well-equipped kitchens regardless of size. Again, it may be beneficial to go for a full-fledged kitchen remodel if it does not fulfill these requirements. However, even minor tweaks that can have a significant impact on your whole kitchen if remodeling is out of your price range. These can include:
- Replacing the kitchen faucet and sink
- Adding new cabinets, drawers and other storage furniture
- Adding modern lighting
- Adding a fresh coat of paint.
Additionally, adding an island to your kitchen creates a focal point, making it look larger.
7. Invest in Interior Design
Investing in modern interior design may seem unnecessary if you are looking to move from a house, but it can go a long way in improving the value of your home, especially if you live in a smaller space. Emphasizing the positive aspects of your home’s aesthetic can help to make the most out of your space when presenting it to others. This can also enable you to increase a small home’s value as they typically have lesser price tags. Therefore, we highly recommend hiring an interior designer to give you advice and suggestions after going through your home. Again, if a complete redesign is out of your budget, you can consider some of these less costly ideas:
- Having your rooms follow a simple color theme
- Installing modern curtains and blinds
- Repainting all the walls, ceilings and doors.
To sum up
It can be overwhelming to go through the process of selling your home, as there are various aspects and complexities to consider. This can be especially difficult if your home is smaller, as getting a premium price for a smaller space is more difficult. This is where certain upgrades can help you increase the value of your home, much more than the investment that you will have put into them. In this article, we have looked at various upgrades that can help you increase the price you can offer to potential buyers. We strongly recommend investing in these upgrades to obtain the maximum amount of money possible. We wish you luck with your home selling endeavors. Thank you for reading!
Brought to You by OutFactors
This information is provided by OutFactors, a home cash buyer. At OutFactors, we buy houses as-is for cash and close quickly. To get a great cash offer on your home, you just need to enter your address and answer a few simple questions about your house. The entire process only takes about 2 minutes, and personal information is NOT required. Yes, that is correct! No registration, no telephone number, no email address – not even your name.
If you get started now, 10 days later, you can be sitting at a table signing the closing documents and collecting the cash for your house. So get your cash offer now!
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Small Home Upgrades | Increase Home Value | OutFactors – Dallas Fort Worth, Texas