If you live in an old house, you may believe that your home has depreciated to such a low amount that no buyer would be interested in it. You might also assume that the home won’t be valued high by an appraiser. Fortunately, there are some improvements that you can make to your old dwelling to increase its value and earn you more money on a sale or improve your chances of getting a good rate on a refinance loan.
New Cabinetry
Your current cabinets may be outdated, and replacing them with new ones can help you increase your home’s value. Switching your old cabinets out for new stock or custom cabinets can be worth your investment. You can also choose to get new cabinets in materials like solid wood, laminate or high-density fiberboard (HDF).
Repainting
Repainting the indoor and outdoor sections of your home can give your house new life. New paint can replace the old, chipped paint that your home might currently have. Repainting can also hide minor damages that could decrease your home’s value. Whether you want to add bright and bold colors or classic neutral tones, you can choose from a variety of paint colors that can make your home look modern or more old-fashioned.
HVAC Repair
Your heating, ventilation and air conditioning system might no longer be up to standard, and having all or parts of the system repaired can add value to your home. If your air conditioner is no longer emitting enough cold air, residential AC repair contractors can try to diagnose the problem and render the proper solution. After repairs, remember to keep up with future maintenance to keep it in good working condition.
New Flooring
Old homes often have creaking floors or damaged floorboards, and you should consider having your floors replaced if they’re giving you problems and affecting your home’s value. If you like classic hardwood flooring, you can have new hardwood panels installed or laminate flooring put in that resembles real hardwood but is usually less expensive. You may also choose to get new carpeting that’s comfortable to walk on and made from a hypoallergenic material, such as wool or nylon.
New Appliances
If the appliances that you use for cooking or washing need updating, new state-of-the-art appliances can give you better performance and make your home worth more. Your oven, stove and refrigerator are just some of the kitchen appliances that you should consider updating. Homebuyers and appraisers will also consider your home more valuable if it has a new washer and dryer along with a new dishwasher.
It’s not too late to try to increase an old home’s value in most cases. You’ll likely notice a major difference in how your home is valued after you’ve made the appropriate upgrades. After all, the more move-in ready your home is, the more appealing it will be to potential buyers. Keep this in mind when assessing the value of your home.
