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How To Increase Your Home’s Resale Value

Millennial Magazine - Home's-Resale-Value

Not only is your home the place you live in, it is also your investment. If you think practically, in addition to your home being your safe haven it is also an asset that you can cherish and use in case of a financial emergency.

Hence, it is necessary that you keep your home updated from a lifestyle and a financial point of view. Irrespective of whether or not you wish to sell your home, your home’s resale value should be maintained and is possible increased at all times.

The following are certain ways you can increase your home’s resale value tremendously:

1. By updating your kitchen

Good kitchens add a lot of value to your home. By installing new appliances and decorating your kitchen and adding paneling in the walls, you can increase your home’s overall value by a considerably high amount. You can check online at kaboodle.co.nz for modern interior design by planning a 3D kitchen on their website. You can shift and choose from multiple color schemes, layouts and styles and decide on what would suit your kitchen the most in 3D prior to making any actual changes in your physical kitchen.

2. Create the illusion of space

Spacious homes or homes that give off a spacious vibe often go expensive as compared to homes that appear crammed. While it is necessary that your home looks cozy, it is equally important that your home looks bigger and spacious than what it actually is. This can easily be done by adding more mirrors around your home. Not only do they give a modern and sophisticated feel, they also make your ceilings appear higher and the room look bigger. In addition to that, you could actually add space to your home by taking out unnecessary pieces of furniture and clearing out things you haven’t used in a while.

3. Make your home energy efficient

You could make your home energy efficient by adding solar panels on your roof. While this is a heavy investment, it is very profitable in the long run and you would also be doing your part for the environment. Homes and properties that are energy efficient have a higher market value. You could also install energy efficient appliances in your home to improve your green score.

4. Install tech support

You should consider installing simple technology in your home. This may include installing thermostats, fire detectors, carbon monoxide detectors, smart locks, smart lighting, etc. While this may require some research on your part, you can always contact companies that specialize in digitizing your home systems. Not only are they pretty cool, they are also trending in modern homes and the demand for such homes is soaring. It would contribute to increasing your home’s value in the real estate market.

Your home represents you and your family. It is necessary to keep it in the best shape possible at all times and hence, even if you don’t plan at selling your home, you should always maintain it in all ways possible.

What do you think?

Written by JR Dominguez

JR Dominguez is the technology, finance and music editor for MiLLENNiAL. When he's not writing, you can find him day-trading stocks, playing video games, or composing commercial scores.

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