As a homeowner, you know that maintaining or increasing your property value is essential if you plan on one day reselling your investment. Fortunately, increasing your home’s value doesn’t have to be time-consuming or even costly. In this blog post, we share five basic home renovation tips to help you increase the value of your residential property.
If you are a landlord in the Fort Collins area, you can save valuable time, money, and worry over marketing and renting your residential or commercial property with Mountain-n-Plains real estate services. We offer the best property management services in Northern Colorado, from marketing, to rent collection, to dispute resolution, and more. Read on to learn how you can increase your property’s value then get in touch with our property management company today!
Update Kitchens and Bathrooms
In the real estate world, the “kitchen is king.” This is because an updated kitchen tops the list of essential features for most first-time home buyers. Updating your kitchen doesn’t have to involve tearing it to shreds and starting from the ground up. With some simple, cost-friendly renovations, you can modernize your kitchen in no time.
Start with appliances. Replace any outdated appliances with newer, more energy efficient models (this may even end up saving you money on your utility bills). Make sure the appliances match the room’s aesthetic, if possible. Get rid of old, outdated flooring, like vinyl tiles, and replace them with a more modern material, like wood. If this isn’t possible, then simply repolishing your kitchen floor can help as well. Lastly, consider updating to features with value-added buzzwords, such as stainless steel and quartz.
Pay Attention to Curb Appeal
Selling a property relies on it looking just as attractive on the outside as it does on the inside. Prioritize curb appeal with updates such as landscaping, roof replacement and repair, exterior painting, windows, siding, and gutters. Easy, low-cost things that you can do include trimming the lawn regularly, keeping any greenery healthy, repainting window panes, doors, gutters, garage doors, and other exterior features, and installing outdoor lighting. All of these things add up to a well-kept home that will stun potential buyers when they first see it.
Build an Outdoor Structure
Another element of curb appeal is hardscaping, which refers to the manmade features of an outdoor space. These include things like fences, retaining walls, driveways and more. The most prominent type of hardscaping, however, is functional outdoor structures, such as decks, patios, gazebos, courtyards, and any other space where homeowners and visitors alike can kick back and enjoy the great outdoors.
While building an outdoor structure is often costly unless you attempt to DIY (many resources explaining how to make decks, pergolas, and other outdoor structures are available online), it can offer a return on your investment many times over when it comes time to resell your home. Patios and decks are top contenders on the list of most desirable features for new homeowners, so investing in these structures will not only add functionality and fun to your own outdoor living, but also may pay for themselves in spades.
Make Your Home Smarter
“Smart homes” are the latest buzzword in real estate, and it’s no wonder why. Smart home technology allows homeowners to control various aspects of their property — such as lighting, audio, climate, security, windows, and much, much more — with the click of a button or a simple voice command. Some of the most popular smart home products on the market today are the Nest thermostat, which learns what temperatures homeowners like and adjusts accordingly, Yale smart locks, which offer keyless and reliable exit and entry into your home, and Google Nest outdoor security cameras, offering advanced activity detection at any time of day. Best of all, all of these features can be integrated into a single app, making managing your home easier than ever before.
Hire a Property Management Company
If you’re leasing out your property, then hiring a property management company, such as Mountains-n-Plains, can add significant value to your investment. This is because keeping a property in prime condition, especially when it’s a rental, can cost you a lot of time, money, and stress.. Property management companies take care of common landlord responsibilities — such as handling any accidents, repairs, or difficult tenants — for you, helping to maximize the value of your rental home by producing a sustainable return on your investment.
Get in Touch With Us Today!
When you need a property management company in Northern Colorado, look no further than Mountains-n-Plains. We have been providing the Fort Collins area with exceptional property management and rental services for more than thirty years. Contact us today to get started.