Is your Home's market value right ?

Your home is your most valuable possession and your lifetime investment. Updating your home’s functionality at regular intervals always provides you with high return on investment if you plan to sell your house sooner or later. There are number of factors that are associated with high return on investment like improved surrounding space, functional layouts and updated modeling of the house.

According to Federal Reserve Board guide on mortgage loans, lenders look carefully at your home’s present market value and if the appraised value of your home is not greater than the mortgage balance then they are unlikely to grant you the loan. But the good news is that now you know this and there is a solution to it. 

Some of the improvements that can increase the market value of your house.
There are various home improvement projects available these days, before you start remodeling the house be sure to checkout the newly renovated homes in your neighborhood. Some of these home improvement projects are:

·         Add eye-catching amenities: This says that add some unique features to your house that gives it an exclusive appearance. For this you have to first look for any good inexpensive project, then add those features to your home which are not present elsewhere in your locality. For example, building a swimming pool outside your home will obviously give it an extra edge. People will look forward to your house first and then to others in the locality. Plant beautiful tress, build a lawn garden or go for yard landscaping.

 ·         Kitchen Remodeling: For this upgrade all the materials as per the current trends. Make a careful cabinet selection like replace old kitchen cabinets with pine wood. Make an attractive kitchen counter as it’s the most appealing feature of kitchen. If kitchen is not spacious then increase the flooring area so that more people can accommodate at a time.

·           Renovating walls: Decorating walls with beautiful colors make your home look trendy and beautiful as well. If you want to give totally new look to your house then wall paneling is the best option for you. There are professionals who perform the task of paneling walls with wood, this increase the market value of your house. 

·         Renovating bathroom: It requires proper planning of what type of remodeling you want to do in your house. This is because for this you need to take some permits from the higher authorities like for plumbing and reconstruction. Remodeling bathroom can add more value to your house. You can add recent designer things to your bathroom like designer toilets, bath tubs and mirrors.

By considering these tips you can add a good real estate market value to your house and attract potential buyers. But before starting any renovating projects carefully consider the costs of the project and plan your project well in advance. Take all the necessary legal permits so that you don’t break any code of conduct.
 
Author Bio-
Eveleene Salt works with Man and Van which deals in housing removal, packing, storage and renovation services. She devotes her maximum time to write about her experiences during work.

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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