Is Your House Worth Less Than You Originally Paid for It?

Let’s face it – determining how to price a home is rarely simple for a seller. In some instances, your home may be worth less than you originally paid for it.

Ultimately, if you failed to maintain your house over the years, various home problems may crop up when you decide to list your residence. If these issues go unaddressed, it may be tough for you to maximize your house sale earnings.

With the right approach to preparing your house for the real estate market, you could upgrade your residence in no time at all. Now, let’s take a look at three tips to help you improve your residence and ensure you can obtain the optimal price for your house.

1. Enhance Your Home’s Curb Appeal

How your residence looks in the eyes of potential buyers is key. Because if a buyer falls in love with your house the moment he or she sees it for the first time, you could benefit from a fast, profitable house selling experience.

Improving your home’s curb appeal can be quick and simple. For instance, mowing the lawn and trimming the hedges can help you transform an ordinary front lawn into a pristine one. And if you have any damaged or cracked home siding, you should repair it as well.

2. Upgrade Your House’s Interior

Ensure your home’s heating and cooling system and other internal systems are working properly. If you find there are issues with any of these systems, contact a professional to repair them.

Don’t forget to clear clutter from your house, too. If you find your home is filled with assorted knick-knacks and items you no longer need, you can sell these items. Or, you can always donate the items you no longer need to a local charity or give them to family members or friends.

If you maintain a neat, tidy house, buyers are sure to be impressed as soon as they walk through your front door.

3. Conduct a Home Inspection and Appraisal

A home inspection usually is completed before a buyer finalizes their house purchase. Yet a seller who conducts an inspection may identify myriad house problems. They can then take steps to address such issues before listing his or her residence.

Additionally, a home appraisal may be crucial for a seller. During an appraisal, a property expert will examine a home and offer a property valuation. Next, a seller can use this valuation to determine how to price their house.

As you get set to add your home to the real estate market, you also may want to hire a real estate agent. This housing market professional will craft a custom home selling strategy for you. Plus, he or she will do whatever it takes to help you achieve your desired house selling results.

Ready to list your home? Take advantage of these tips, and you may be able to obtain an offer to purchase that matches or exceeds what you originally paid for your house.

Increase Your Home Value By Rennovating The Attic

If houses with unique architecture are at the top of your wish list while house hunting consider planning to renovate an attic space into an additional room. An attic room is truly one of a kind and will have all of your family and friends wanting to move in too. You’ll also maximize the space in your home and even increase the value of your home.

The first, and most important, step you’ll want to take is to ensure that you can legally renovate your attic. Do some research on your local building codes and contact an inspector for a professional opinion. It’s important to make sure your home has the right support in place to support the added weight your renovations will add to its structure. I can’t stress how critical this step is for both your family’s safety as well as your home’s value.

Okay, so you’re armed with building code knowledge and approval from an inspector. Now you just need a vision to start your planning. Part of what makes having usable attic space so appealing is its unexpectedness as well as the cozy atmosphere that can be created from its nooks and crannies.

A bedroom, either for yourself, a family member or guests, might be where your mind first turns to. Can’t you just imagine waking up each morning to a magazine spread worthy room? You could also create a room dedicated to entertainment. Think a playroom, reading nook, home theater or game room. You could even simply design a better storage solution. 

When dreaming up your new room plan to make the most of it’s one of a kind structure. Add dormers for both natural lighting and cozy nooks to tuck a chair or desk under. Create recessed storage in knee walls by adding cubbies and drawers. You may even want to design a seating solution that doubles as storage.

Another important task for your attic renovation is to ensure your attic has the proper insulation in place before becoming an inhabitable room. Attics are prone to both extreme heat and cold depending on where you live. Insulation not only helps maintain climate control but when added in the flooring it can help to reduce noise impact on the rooms below. Adding temperature controls to the room allows you to further maintain your ideal temp at all times. 

Attic spaces create a fun and uniquely structured room but can easily appear to be too small and dark. Create the illusion of more space and light by choosing paint colors such as creams, beiges, and shades of white. Opt for wall sconces, table lamps, and floor lamps when overhead lighting isn’t an option. If your attic doesn’t naturally have much natural lighting consider adding dormers for more windows and space or a few skylights.

For that classic attic room coziness look to beadboard or wood paneling to add along the ceiling. Additionally, when painted white both add a more clean, modern feel to a room. Decor with natural textures such as straw baskets, leather details, and woven textiles bring in a cozy warmth. However, attics tend to be small spaces so be mindful of decor and give each piece a purpose to add a personal touch without overcrowding.

Whether you bought a new home with plans to renovate or have room in your budget for something more than a quick weekend project turning your home’s attic into an additional room maximizes space and adds a unique touch. You’ll increase your home’s value and have all of your friends and family excited to visit to check out your latest addition. And while it’s not a quick weekend project you’ll have plenty of time to kick back and relax in your new room when all the hard work is done.