Adding value to your home before putting it on the market can be achieved in a variety of ways; there are some approaches to boosting property values that are more effective than others.
Not to mention, particularly attractive to prospective buyers in the current market.
In contrast to the economic turmoil of the past 18 months, average house prices are currently sky high. Demand continues to outstrip supply in key regions worldwide which will continue to fuel property price in the future.
For those who are intent on getting every possible penny for their homes in 2022, these are the renovations that come most highly recommended:
- Install Smart Technology
The installation of smart technology is a great way of boosting the appeal of your home. Slowly but surely, smart devices, appliances and controllers are being adopted by households worldwide. Sooner or later they will become the norm, hence the appeal of giving your own home a head start.
From dishwashers to refrigerators to televisions to home lighting automation systems, anything and everything can be given a ‘smart’ makeover. This generally refers to enhanced control and connectivity, enabling your devices to be controlled via a central hub. Typically the smartphone you carry or a voice assistant like Amazon’s Alexa if preferred.
- Intelligent Lighting
This feeds into the category of smart technology and can be uniquely effective in presenting your home in an attractive light; this is because a smart lighting system provides you with total control over illumination within your home using a smart light switch, no neutral wire is even required.
Smart lighting is about taking things beyond the traditional on/off switch. With a smart lighting controller, you get to control everything from intensity to colour to hue to timing and so much more. This means you can set the perfect ambience with the ultimate mood lighting in order to present your interiors in the most appealing way possible.
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- Energy-Efficient Upgrades
With utility bills hovering at all-time highs, there has never been a better time to step up energy efficiency. Pretty much anything you can do to make your home more efficient is guaranteed to make it more attractive. This could mean installing a smart thermostat, improving the energy efficiency of your windows or investing in insulation for your attic.
How much it costs to keep your home warm and comfortable throughout the year will be one of the first questions prospective buyers ask. The more you can convince them your home is energy-efficient, the more likely they are to make you a good offer for it.
- Step up Home Security
A top priority for each and every property owner worldwide, home security can be a make-or-break factor. There are limitless options available for steering home security in the right direction at an affordable price. You can install a burglar alarm, set up exterior lighting, add shutters to your windows or simply upgrade the locks on your exterior doors.
Your job is to make prospective buyers see your interiors as a safe and protected refuge from the outside world. Many home security devices can also be connected to your smart home technology system, for added convenience and appeal.
- A Fresh Coat of Paint
Nothing brings more visual appeal to a home than a fresh coat of paint at the right time. This applies to both interior and exterior paint alike, which can make all the difference in the world in the eyes of prospective buyers.
Where a property has been freshly painted, viewers envisage one less task to take care of if they make an offer. When repainting a property before putting it on the market, go for something neutral that the prospective buyer will see as a blank canvas. Try not to go for anything too personal or divisive; opt for something simple and timeless.
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Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication’s content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.