Ultimate Guide to Increase the Value of your Bel Air Real Estate
After a long and one of the biggest market meltdowns in 2008, the housing market in the United States is now back on track and is expected to experience a significant boom. With the housing prices rising to new highs, the change is already evident in many parts of the country. As a result, many homeowners are now considering selling their homes and investment properties to make a profit.
Are you also thinking of taking advantage of the situation and sell your Bel Air house for top dollar to make money?
What if we tell you that you can further increase the value of your house just by making a few simple changes to the existing structure?
Sounds good, right?
Read on to learn about some proven ways to increase the value of your house in Bel Air:
1. Increase the Living Space of Your House
This is a no-brainer – increasing the living space of your house is a surefire way to increase its resale value. This can be done in several ways, such as by finishing your basement, building a deck or patio, or by adding another room. If nothing else is an option, you can even consider converting your attic into a usable space.
2. Make Your House More Energy-Efficient
Making your home more energy-efficient doesn’t necessarily mean making upgrades worth tens of thousands of dollars. According to HVAC experts, even small changes like replacing the old thermostat of your HVAC system with a smart one, repairing old and leaky windows, and adding more insulation to your house, can make a significant difference to your monthly energy costs.
If your budget allows and you want to go big, you can also consider replacing your old built-in home appliances and lighting fixtures with the energy-efficient ones and getting solar panels installed on the roof.
3. Improve the Curb Appeal of Your House
The first thing that potential buyers see when they come to inspect a home is the exterior. For a large number of buyers, the exterior of a property can make or break the deal. Buyers give it a lot more value than most homeowners think.
According to a recent survey, 76% of the country’s top-level real estate agents agree that improving the curb appeal is the biggest (number 1) measure that homeowners can take to increase the market value of their houses. And when we talk about improving the curb appeal, you don’t necessarily have to make major renovations to the exterior of your house.
Measures as simple as weed control, mowing the grass, planting a few flowering plants, and giving the exterior of the house a fresh coat of paint, also offer great benefits. But, if you really want to go fancy, you can install a front paver walkway with colorful plants, shrubs, and lightings around it.
4. Replace Exterior Doors
While this is not the most exciting home upgrade, replacing the front and garage doors of your house can help boost its curb-appeal and financial value.
According to an estimate, replacing the garage door can add over $3000 to the resale value of a house.
5. Build a New Patio or Deck
Outdoor living trends have been all the rage lately! There is no better way to extend your living space to the outdoors as well as elevate your dull and boring backyard than by building a patio or a deck.
Although these are costly upgrades, they are known for providing a high ROI. According to an estimate, a deck built with high-grade materials and having additional features, such as railings, built-in benches, and/or a fire pit, can cause as much as a $9000 increase in the resale value of your house.
6. Upgrade Your Kitchen
Kitchen upgrades and remodels are one of the best ways to increase the value of your house in Bel Air. After all, the kitchen is one of the first few things that buyers inspect to determine if a home is really worth the asking price.
But, when it comes to kitchen upgrades, there is so much that homeowners can do that it is easy for them to get carried away. Often, people undertake home improvement measures that end up breaking their budgets.
Always consider the overall value of your house when upgrading your kitchen and if you will be able to recover the remodeling cost. Interestingly, small kitchen remodels have been found to recoup more cost than massive upscale remodels.
Hire Pezzini Luxury Homes to Attract the Best Buyers
When you are done upgrading your house, get in touch with us. We’ll help you get the best potential buyers. We are one of the most trusted real estate companies in Bel Air and have been trusted by hundreds of sellers and buyers for a long time. Contact us today at +1-310-275-2076 to get the best deal for your Bel Air house.
