Selling your house can be stressful, and the worry only increases when you do not get suitable offers on your property, even if your home is in good condition and in a desirable neighborhood. This low price arises when not many people are interested in buying your house. Fewer number of potential buyers means lower market value. If you’ve been facing the same problem, let us help you.
5 Ways to Add Value to Your House
You can make buyers interested in your property by renovating certain aspects of your house. If you are wondering how to sell my house in Kansas City by adding value, here are a few projects you can undertake:
Convert Your Cellar
Suppose you have a basement in your house that does not serve many purposes other than storage. Then, you might want to consider changing it into a living area. By converting your cellar, you can add up to 20% of value to your home. Since adding plumbing to a basement is a long and expensive procedure, you might not want to add a bathroom, but you can utilize the space to make a spare bedroom, home office, or home cinema. These projects will only require checking the area’s functionality like insulation and heating. Then just by adding suitable paint and floorings, you can revamp the space.
Depending on the size of your basement, you can even think about adding a small bathroom and kitchen to make the area a studio apartment. This construction will be more expensive, but a buyer will see it as an opportunity to rent the place. Buyers will be more willing to buy a home with this perk for a higher value, adding value to your home.
Turn House Into Flats
If you live in an urban area, you will find that people are reluctant to buy houses but eager to purchase apartments. You can capitalize on this by turning your property into flats. To accommodate two flats in a two-story house, you will have to add a kitchen to the upper flat and might want to reduce the size of the lower one to make space for other spaces. You can split a master bed into two half-bedrooms to fit more people. You may even have to make adjustments to the master bath. You can also opt for a home addition to increase the space.
When dividing your house, you are no longer marketing it to families but young couples or people living independently. The sale value of your two apartments combined will be higher than the value of the house on its own.
Add a Bathroom
Adding a bathroom can be expensive, but you can save costs throughout construction to make it affordable. You do not need to add a bathroom with all its accessories like a bathtub; those are extra costs you can eliminate by adding a powder room instead. For the pipe fittings, you can just relocate your soil pipes and water inlets instead of changing the area’s layout. For tiles, you can use more economical alternatives like vinyl flooring. This way, buyers will have the extra bathroom they require, and you will be able to get a higher listing price on your house.
Utilize Garden Space
If you have a garden space, you should revamp it to show its best potential. Buyers are eager to purchase houses with an outdoor area that requires less work. So consider adding a deck or patio in your garden to make it an entertainment area. Through this remodeling, you are essentially adding another room for the buyers to utilize. More space means more value.
Your home might not have a lot of outside space, and you might think the efforts are futile. However, even constructing a small patio and a hanging garden can make buyers more interested in your property and raise the value of your house.
Convert the Living Area Into an Open-Plan
To give your living area an open feeling, you do not necessarily need to extend the area. Instead, you can consider knocking down the wall between your kitchen and living area to create an open-plan space. Always take professional help when removing a wall because doing it yourself can be disastrous, especially if the wall is load-bearing. Open-plan areas make your living room seem more extensive and are considered a modern layout. This appeals to buyers who are always looking for more space, increasing your house’s value.
Remodeling can be expensive, so ensure you put the funds into areas that will yield the highest profit. You might think that remodeling is too pricey and you can not afford to apply it in your house, but you are compromising the potential your property has by not working on your place. The returns on renovation investments are considerable, so your money won’t go to waste. To make funds for the construction, you can take loans, and to lower the construction costs, you can hire fewer workers and do part of the manual work yourself. By keeping these factors in mind, you’ll have a highly-priced and in-demand house in no time.
Follow HomeInside for more!