In real estate, an owner’s goal is to increase the equity available in their property. When you are considering buying property in Yuma, you may want to focus on two factors: how can you easily improve your current property and what you could do the future property to make the property more valuable-in other words, increase your equity in both homes.
It’s not necessary to have lot of cash to make improvements which causes a home to appreciate in value. Most changes can be made easily and inexpensively. That way, when you’re ready to put it on the market you’ll have a beautifully upgraded home worth much more than you paid for it.
It may sound shallow, but cosmetic improvements can make a world of difference and don’t have to cost a fortune. For example, just updating the exterior color may attract buyers that hadn’t given it a second look before. That doesn’t mean you should get outrageous, but drive around Yuma and see what homes really stand out because the paint is so extraordinary.
Consider using a soft shade for the main body, a contrasting one for the trim, and maybe a bright or unusual shade on the door. If you’re color challenged, talk to an expert at the paint store. You may be surprised by what tones look really great together. You very possibly can get by with just changing the trim around windows and doors. If nothing else, if your current paint is peeling or faded, be sure to fix those areas.
Your yard creates street appeal to prospective buyers. Any grass should be healthy and green. Yuma, unlike some desert locations, has an ample supply of water, so keep that lawn looking fresh. If you have poor soil, make rockeries with large desert plants to add beauty. There are a number of flowers and shrubs that thrive in this environment and you can invest a fairly small amount to create beauty around your home.
The kitchen is probably the most valuable upgrade you can make. In fact it can bring you as much as 150% of what you invest in the remodel. There is something about a kitchen that makes people want to congregate there, and Yuma residents are no different.
There are a lot of gourmet cooks out there who may not even view a house without a beautiful and efficient kitchen. That doesn’t mean you have to invest in the most expensive cabinetry, counter tops, and appliances when you make your Yuma home improvements. You don’t want to spend your profit before you even make it. The idea is to have a bright and well-functioning kitchen with enough room for guests to mill about before and after dinner.
If you’re short on bathrooms (especially if you have only one) use an existing space to build another. You don’t need much space, but Yuma buyers definitely take that into consideration. If you don’t have a master suite, a good improvement is to add a bathroom to the main bedroom. A good contractor will help you with the design if needed.
The days where a person or family stayed in the same home for a lifetime are pretty much over. It’s definitely in your best interest to continue making improvements in your Yuma home or to look at properties that offer you the potential to make easy improvements and easy profits. When you see how much you’ve made after the sale, you’ll be really glad you did!
Click here to get a free copy of Jeff Nelson’s, “7 Common Home Buying Mistakes,” a 10-page report that describes the mistakes to avoid when purchasing your new home in Yuma, Arizona.