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Buying or selling your dream home is an emotional step. When we buy a home, we have to keep it well-maintained and make repairs from time to time to keep it in the best liveable condition. And when we decide to sell it, all we want is to get the maximum ROI.
On the other hand, it is true that the selling price of the property depends on many factors like location, amenities, and the real estate market. However, at the time of selling, we cannot change all these factors, but there is still scope for improvement.”
Increase the value of your home?
Now the question is – How to increase the value of your home on a budget?
So, let’s find out in this article.
Enhance the curb appeal
This is the first and most important thing every home seller must do to increase the value of their property. For this, they can work on two areas given below:
- Landscaping Improvements: This step is for villa owners with a private yard and landscaping. To enhance the curb appeal, they can install more greenery, attractive flowering plants, and seating arrangements. For example, Verona at DAMAC Hills 2, Dubai, is a new villa development by Damac Properties with a spacious lawn and luxury amenities and features.
- Exterior Painting and Repairs: Another crucial aspect to enhance the curb appeal of the housing is to paint your exterior walls, main door, and everything that is visible from a distance. Additionally, sellers need to address every small and big repair before putting their homes up for sale.
Interior Updates for Maximum Impact
When the potential buyer of your home is satisfied with the frontage, then they will come inside to check the interior and other factors. For this, you have to update the interior of your home for maximum impact. Here’s what you can do:
- Kitchen Upgrades:
A beautiful kitchen always works well for getting a good price, and you don’t have to spend a huge amount of money to renovate it. You can simply transform the kitchen with a repaint and make changes or add some hardware like sinks and cabinets.
- Bathroom Upgrades:
Bathrooms are another major influencing factor for home buyers, so you cannot overlook this area. A neat, clean, and well-equipped bathroom can add more value to your home-selling deal. First, we suggest that if you have an old-style bathroom, you should consider a complete reconstruction with a new one. Otherwise, you can enhance the look with a few simple touches like new blinds, changing the toilet seats, deep cleaning of tiles, repainting the walls, etc.
Transform the bedroom & the common areas
A spacious bedroom with a false ceiling, attractive lighting, and proper ventilation with privacy are major concerns for home buyers. So, sellers need to work on these areas. Additionally, don’t forget to renovate the common areas of the house, such as the lobby, living & dining areas, and balconies.
These are the basic tips to increase the value of your home on a budget, which are applicable all over the world when you are planning to sell your home. However, when you are looking to buy a property in Dubai, only Top Luxury Property can help you find the best deals from top luxury developers in the city.