There are a few reasons why you might want to add value to your home, the most common reason being that you’re ready to sell up and want to maximize the return on investment of your current property, this principle of adding value to something before you sell it on is as old as business itself, but knowing how to add value is the real secret.
One of the fundamental errors that people make when trying to increase the value of their home before selling it is spending too much compared to the increase in value that it will create, homes are a big part of our lives and we have some emotional attachment to them, so making them look as nice as we possibly can and often overpaying is a common pitfall that people make, even when the decision has been made to move on.
Luckily there are plenty of relatively simple and affordable things that we can do to our homes that we can be fairly confident will increase the value, without breaking the bank. So when you’re ready to move up to the next price bracket and you need to squeeze a little more out of the house you’re selling then think of it like a business decision of simple return on investment, otherwise costs can easily spiral out of control.
And while the advice for adding value is fairly standard, ensuring your home is smart-ready and even investing in a few smart devices that potential buyers will see around the house is a great way to increase the perceived value of your home.
So check out this new infographic put together by Fast Florida House Sale that gives an idea of how much particular improvements might cost, and the possible ROI that you will see from doing them: