Five Tips To Maximize House Value With Interior or Exterior Remodels

February 21, 2023

With the fluctuation in the housing market, every property owner must consider ways to keep their house values as high as possible. Property value is especially critical for self-employed individuals who also use their homes for business purposes. From finding personal loan options for the self employed to upgrading the exterior paint color to refinancing your mortgage, there are several ways to increase the value of your home. Here are some creative ideas to get you started:

1. Take Advantage Of Loan Options

When planning for any large home renovation project, financing is a vital part of the equation. For self-employed individuals, there are some personal loan options available that can help you get the cash necessary to make these updates. One option is the FHA 203(k) loan, which can provide you with a low-interest rate and up to 100% of the money needed for home improvements.

When looking for personal loan options for the self employed, start by researching the different loan products available and compare rates before making a decision. You should also consider speaking to a financial advisor to ensure you understand each option's pros and cons before committing.

2. Upgrade the Paint Color

A simple yet effective way to increase your home value is to repaint the exterior of your house with more modern colors that will draw attention from potential buyers. Consider taking into account both current trends as well as the climate in your area when choosing colors. For example, if you live in a room with a lot of sun and heat, lighter colors reflect light and keep the house cooler.

Be sure to research local regulations before painting, as some cities require that you submit designs for review before doing any exterior work. Additionally, you should use high-quality paints and brushes to ensure the job is done correctly.

3. Refinancing Your Mortgage

Refinancing your mortgage can be a great way to improve your financial standing. By refinancing, you can lock in a lower interest rate and save money on monthly payments. It could free up additional funds that could then be used to finance other home improvement projects or increase the value of your home.

It's essential to consider the timeframe of when you plan on selling your home, as this could be a deciding factor in whether or not refinancing is beneficial for you. Before committing, shop around for different mortgage products and compare rates.

4. Install Energy-Efficient Fixtures

One of the best ways to increase your home value is by investing in energy-efficient fixtures. Installing solar panels, low-flow showerheads, windows, or other energy-efficient features can make your home more attractive to buyers. These features can also reduce monthly energy costs, a great selling point for potential buyers.

To get the most out of your energy-efficient upgrades, research all possible options and compare the prices of different fixtures. You should also talk to a professional to ensure the installation is done correctly.

5. Improve Curb Appeal

Another great way to make your home value soar is by improving its curb appeal. This can entail replacing the front door to landscaping the yard to make it more presentable. Adding outdoor lighting or a splash of color with flowers and plants can also help create a warm and inviting appeal.

When making curb appeal improvements, research your local building regulations before starting any projects. Additionally, consider consulting with a professional landscaper to discuss the best options for your home.

Final Thoughts

Improving your home's value doesn't have to be a complicated process. With the right renovations and upgrades, you can increase the value of your home without breaking the bank. To make sure your efforts pay off, research all available options and consult with experts before making any significant decisions.

 

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Carlos Diaz
I believe in making the impossible possible because there’s no fun in giving up. Travel, design, fashion and current trends in the field of industrial construction are topics that I enjoy writing about.

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