Whether your home is already on the market and you want to get the most you can for it, you’re in the process of preparing to sell, or you just want to increase your home’s value, there are various go-to renovations people usually think of. Some may think about converting a room or adding one. Others think of big projects like remodeling the kitchen or bathroom. But it’s often the little things that count, and those that offer the greatest return on investment. These are some tips we got from these experts in property management. Let’s take a look at a few surprising things that will add value to your property.
As you may already know, your landscaping can be very valuable. But simply adding one or a few trees to your property could be enough to significantly increase its perceived value. It has been estimated that a tree could add as much as 10% to your property’s value, which is impressive when considering the minimal investment.
You can decide to go for a mature tree or a nursery tree if you’re playing the long game. If you’re going to go down that route, you have to know which nursery tree to plant on your property. You don’t only want to think about the end results, but also your local soil and temperature conditions, sloping, susceptibility to pests, etc. So, make sure that you speak with an expert first before you choose the type of tree you’re going to plant.
Your Front Door’s Color
Did you know that there is a direct correlation between specific door colors and how much they are able to fetch on the market? It has been estimated that a door painted in shades of charcoal or black could get as much as $6000 more on the market on average. Not bad for a $50 bucket of paint.
Color is probably one of the least expensive things you can make use of to change a property and one that has the most powerful results. According to Zillow, neutral colors like taupe for living rooms and blue for bathrooms sold for higher while rooms with very specific colors like raspberry red, and brick kitchens sold for less.
However, this is not the case for all colors. Blue for kitchens is definitely in right now. After looking at 32,000 photos for listings on sold homes across the country, Zillow found that blue kitchens sold for almost a $2,000 premium. So, it would be wise to inform yourself about trends in general, but be careful unless you are thinking of selling the property immediately.
A Sprinkler System
Having a sprinkler system might seem like a detail for you, but it definitely won’t be for buyers who are worried about maintenance. Having a sprinkler system could become a major selling point and will never be a negative. It’ll also help if you have a pristine lawn to show off the benefits of having one.
These are all things that could significantly increase the value of your property. These often offer much better returns than the classic choices, so make sure that you look into them and see if they would be a good fit for your property and market.