Numerous factors contribute to the valuation of a real estate property. Factors such as market trends, location and home maintenance are among the chief aspects that help in valuing a home.
While aspects like market trends are out of our control, we can do our part regarding home maintenance and tending. One can keep their house in shape by committing to maintenance activities such as regular renovations, re-application of paint, trimming of wedges and so on.
Renovations such as new siding and a fresh coat of paint alone have the potential to raise the value of your home.
How a Fresh Coat of Paint and New Siding Increase Property Valuation
Here are some significant reasons to invest in new siding and paint that will do your home wonders:
- Increased Perceived Value
When potential buyers are presented with a freshly painted house, it immediately gets their attention. Buyers are more allured to properties that have an aesthetic feel to them. Moreover, frequent repair work will convince the buyer of the well-maintained nature of the house further convincing them to pay more!
- Extended Lifespan
Fresh paint and new siding will protect your house’s exterior from environmental factors such as weathering and moisture damage. Not only will this increase the longevity of the house, but also require less frequent repairs.
A durable home has a better market value than an unkempt home that needs work to be done.
- Enhanced Energy Efficiency
Replacing your siding with a newer one will provide your home with better insulation which in turn increases energy efficiency. This is an important factor when presenting your home to potential buyers who are concerned about sustainable living.
- Reduced Long-Term Repair and Maintenance Costs
Painting your house when it needs to be re-painted and installing new siding will help address underlying home concerns such as existing damage, rotting and cracking. Homeowners can resolve these problems before they escalate. Doing so will make the house much more presentable and durable.
As homeowners, you must get a fair price for the home you have built with your time and effort. You can maximize its value by conducting good maintenance practices such as applying new siding and reapplying paint when you see any deficits in your home.
If you run into any confusion then experienced businesses such as Triangle Painting & Siding can help you by evaluating your home and recommending the needed solutions.