If you recently purchased a single family home that is a bit older but has a lot of potential, this can be a very fun project for you. If your goal is to sell the home for a good amount more than you bought it for, there are certain things that you can do that really appeal to potential buyers and increase the value of the home. This ensures that the buyer not only likes the home but that it is appraised for the amount that you would like to sell it for. This article will discuss 2 things that you can do to increase the value of an older single family home:
Update The Kitchen
A selling point in a lot of different homes is the kitchen. This is because it is a focal point in many homes, and is also a room that is used all of the time. Because of this, it is important that this aspect of the home is appealing. One way to make it appealing in an older home is to update it. This update can be a complete remodel, or it could just involve updating some of the older things within the kitchen. For example, you could gut the kitchen and incorporate all new cabinets, countertops, flooring, etc., or you could just do an update that involved replacing the old appliances with new ones, painting the cabinets, updating appliances, and adding a backsplash. Both methods will help to increase the appeal of the kitchen to potential buyers, as well as the value of your single family home.
Install Air Conditioning
A lot of older homes actually weren't built with air conditioning in them because the type of systems that we have now were not yet created. However, if your older home has duct work in place for a heating system, this makes it much easier for you to install an air conditioning system because you simply have to run the air conditioning work through the same duct system that the heating system goes through. Hiring a professional to do this costs around $3,500 to $4000. However, it will likely increase your single family home by much more than that and will make the home much more sellable. Also, the home will be much more enjoyable for you while you are living in it because you can actually keep cool during those hot summer months.