Renovations Tips to Increase your Home Value

When you own a home, there will always be a list of things that need to be done. As a smart homeowner with an affordable house and lot, you want to make sure that the time you allot for home renovations increases the value of your home.

However, some improvements to our home investment add more worth than others when it comes time to sell or refinance, but all have the potential to improve our quality of life, and this is why the cost of the greatest home renovations may quickly add up. That's why it's important to calculate your potential return on investment from a renovation project before you commit to it.

Fortunately, simple and minimal improvements in your house and lot Philippines may be made to the interior and exterior, as well as the bathrooms and kitchens, and can significantly raise the property's resale value.

Renovation Tips to Increase Home Value

There are methods to improve your home without going into debt or draining your resources to complete a whole-house makeover, which may increase the value of your property. Here are some minimal renovation ideas for your Lumina Homes investment that don't cost much money but may significantly increase your house's market worth.

A. Minimal Cost with Good Value

There will be expenses for any home remodeling project regardless of whether you opt to hire an interior designer or do-it-yourself. The finest investment you can make in your house is the one that increases its value while also satisfying your budget. Because of this, it's crucial to give projects plenty of thought before beginning. Below are simple upgrades you can apply to your home to attract potential buyers while you save money.

De-cluttering and deep cleaning

A house that is tidy and well-organized makes a fantastic first impression on prospective buyers. Get started with a thorough cleaning of every space by getting rid of the clutter that is usually ignored. It is one of the least expensive solutions to greatly improve the cleanliness of your house.

You may improve the appeal of your property and boost its marketability by implementing these suggestions.

Retouch your walls

Retouching your home with a fresh coat of paint can do wonders for a room's aesthetic. It's a cheap improvement that can make a big difference. Consider giving your house a new coat of paint in either neutral colors that will never go out of style or in bold, eye-catching hues that will make your property stand out to prospective buyers or assessors.

Upgrade and clean your floors

Hardwood floors, laminate flooring, or vinyl plank flooring are all good options to consider replacing old or outdated carpeting. These choices are long-lasting, don't need intensive cleaning, and may update the look of your house for little money.

Install energy-efficient upgrades

Including double-paned windows, insulation, and high-efficiency HVAC in the list of energy-saving bathroom upgrades will save you money on energy costs and boost the value of your property over time.

B. Keep Up with the Latest Trends

As a real estate investor, being up-to-date is crucial if you want to maximize your profit when selling a home. Keep up with popular home improvement projects and make sure they fit in with the ambiance of your community.

Apply smart home technology

This is not a low-cost way to boost your home's worth, but it might pay off in the end. Smart home amenities, such as a security system with smart locks for doors, smart thermostats, or smart lighting in a room, may make your house more desirable to any buyer who values convenience and technology.

Refurbish or upgrade your kitchen

While the price tag is higher than average, the return on investment is also assured to be much higher for a kitchen makeover. In fact, you can get up to 72.2% of ROI with an average kitchen remodel. For this, think about renovating your countertops, existing cabinets, and getting smart devices and energy-saving appliances.

Make some bathroom renovation

If there is only one bathroom in your home, then improving it is a great way to add value. Add some lighting fixtures, a towel bar, and some built-in storage if you have the space. Once you offer your property in the market, you can recoup as much as half of the initial investment.

C. It's About Functionality

The rule of thumb is to prioritize functionality and practicability. In this manner, you may get more for less money.

Make repairs before things get worse

As a homeowner, you should make any necessary cosmetic fixes before an appraiser visits. Fixing things like leaking faucets, shattered windows, and holes in the wall or ceiling fall under this category.

Adding an extra room is always a plus

For those who have the means and are motivated to do so, you may want to increase the amount of living space in your current house. There are few ways to do this, such as constructing an extension, setting up a home office, or transforming a spare room into a playroom, an entertainment room, or even a mini home gym.

Looking for a home investment that can give you extra room and space for extension? You can check out our Athena, Armina, and Angeli Single Firewall units! In addition to privacy, it offers premium quality from the ground up, to extensions that will make your house your ideal home.

Spruce up your front yard

A little investment in your home's exterior through landscaping may have a significant impact on the value of your home. The area from the driveway to the front door is especially important in the case of house and lot packages because of the initial impression it makes. Having healthy green bushes and a spotless pathway with solar panels can increase the "curb appeal" of your home.

Keep track of your home improvements

If you keep note of the work done and the prices involved with each renovation, you'll be able to provide the appraiser with a complete picture of the home's improvement history. The appraiser will have a better grasp on the value of your property's improvements, the quality of the materials utilized, and the state of your home overall if you provide this data.

There is a direct connection between the amount of money you may get for selling your property and how much work you put into it. If you aren't quite ready to put your house on the market, you may still benefit from making it more aesthetically pleasing for yourself and your family as well as increase your home equity loan or its cash-out refinance when getting a personal loan.

Choosing to have an investment in an affordable house and lot for sale such as Lumina Homes give you a better way to manage your budget while getting the prime worth and convenience that you paid for.

Lumina Homes offer various bare-type home units all over the country, giving you supreme control on how to design and renovate your house and lot in Philippines and increasing your home value.

Check out now our large selection of home units in over 50 communities nationwide!