You won’t want to sell your home now because it’s too risky. Who knows when the housing market will crumble to the ground? Luckily, bad times don’t last forever, and everything will pick up again, so you need to be ready.
We’ll look at some easy ways to improve the value of your home in 2023. If you do decide to sell when the world gets back to normal, you’ll walk away with a profit. If you carry out the work yourself, it will be even cheaper.
1. Investing In Beautiful New Doors
Curb appeal is one of the easiest ways to increase the value of your home. If you get back and front doors in Winnipeg, Vancouver, Calgary, Edmonton, Ottawa and Toronto, it will instantly make your home more attractive from the street.
You will need to be very careful when choosing a style. Some are more sought after than others, so look around to ensure the ones you like are popular. If you combine them with smart Ring doorbells, it will impress everyone.
2. An Egress Window For The Basement
Don’t leave the basement empty if you want to sell your home. Adding an extra bedroom will make it more appealing when someone looks at the listing. You don’t need to spend much on the room unless someone will use it regularly.
Before you focus on superficial things like wallpaper and light fixtures, reach out to window installation services to install an egress window. The value of your home will rise if it’s a safer place to live.
3. Splitting Your Home Into Apartments
Depending on the size of your home, it might be possible to split it into separate apartments. It can add 30% to the sales price. If you work out how much your home could sell for, you can figure out how much you’ll make.
You need to ensure you don’t go above that number when converting your home into apartments, which shouldn’t be hard if you’re smart. Make sure you wait for planning permission before you start doing anything.
4. Dig Your Own Basement From Scratch
Some people aren’t lucky enough to have a basement in their homes, but it doesn’t mean you can’t create one. If you hire the right contractors, it’s possible. You will need to consult a professional first to make sure.
You must be very careful when hiring a company to carry out the work. If someone messes up, it could destroy your home. You can convert your attic into an extra room if digging a massive hole under your house is too much.
5. Build A Home Office In The Garden
A large percentage of people who come to view your house will work from home. Most employees who found out it was possible during the pandemic decided they wouldn’t work from an office building again, which makes complete sense.
If you have an amazing outdoor office in your garden, they’ll have a bigger emotional attraction to your home. It’s only a good idea if you’ll use the office once it’s ready. Don’t build one simply because it’s a good selling point.
Wait A Few Years Before Selling
It’s probably a good idea to see how the market shakes out before trying to sell your home. Not only are homes dropping in price, but interest rates are terrible today.