Similar to fashion, many housing market trends can rise and fall in popularity over a period of time – but there are classic factors that will always impress first time home buyers and appreciate property values. While some projects may require a great deal or coordination, FHA loans are widely available and can greatly assist homeowners in making improvements
If you’re looking to list your current home on the market, updating a number of aspects to the house can help to better attract buyers and perhaps give you an idea of what features you would like out of your next home.
Quality high-end appliances
When shopping for a home, some consumers are looking to personalize the house with their own personal touches and preferences, but the majority enjoy the idea of obtaining brand name, stainless steel appliances with the purchase of the home. Replacing built-in ovens, refrigerators, dishwashers in the kitchen with modern versions can be expensive, but fetch you higher offers when the house is put on the market. Buying appliances that not only look nice, but are energy-efficient, is an easy way to woo buyers. Adding a new washer and dryer in the laundry area is another good strategy to boost others’ opinions of your home.
Sensible floor plans
The days of expansive homes with lots of unnecessary square footage are reportedly over. The National Association of Home Builders noted Americans are becoming increasingly more interested in floor plans that maximize efficiency and provide ample space without becoming too overwhelming. The shift to smaller houses also affords homeowners smaller energy bills, as it costs less to illuminate and heat whatever rooms are being used. While the square footages may be on the decline, the average homeowner is supposedly more interested houses which have first floor ceilings higher than nine feet.
Capabilities for ample storage
While it may not come in the form of a large garage, many Americans may be more inclined to purchase a house that features a plethora of storage options. Walk-in closets for master bedrooms, insulated attics and linen closets are all highly sought after by consumers looking to purchase property. Even if they’re not all filled to capacity, Americans may enjoy having the option to use the spaces.
Updating your home to meet current housing trends is a great way to improve your home value. However, if you find yourself checking the couch for spare change to fund your next home improvement project, you may want to consider refinancing your home loan with Freedom Mortgage to free up some extra funds.
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