Here are three ways that you can increase the value of your home before you list.
How can you increase the value of your house?
There are actually a couple different ways you can do this:
1. Adding square footage. Adding space will increase your home’s value, but you will need to ask yourself about the cost. Make sure that the comparable properties in the area will support the additional square footage, and be sure that the cost to build that extra space will not exceed your return.
2. Creating a duplex out of your property. You can legally turn your property into a duplex as long as you have 5,000 square feet or more. You should check your city’s ordinances and discover what potential setbacks might be entailed.
3. Updating your kitchen, flooring, and paint. These are the easiest and most impactful updates you can make to increase your home’s value. Additionally, removing old or worn carpets and replacing it with something more trendy like laminate can also boost your home’s value.
"Be sure that the cost to build that extra square footage will not exceed your return."
If you have any questions or have reservations about making large updates to your home, feel free to reach out to me. I’d be glad to help you out.