Old homes are very charming, and their old structural designs offer a charm that simply cannot be replicated by new homes. However, as enchanting as old homes are, especially to new home buyers, there are certain things that commonly reduce the overall value of old houses. They can really take a toll on sales prices too, especially if they overshadow the aesthetic charm.
Values of old homes can be increased with proper remodeling and renovations in certain areas. Not only will it modernize functionality and provide the proper amenities for homeowners, but it will also help to ensure that your old home holds a strong value.
Below are some renovation tips to help you increase the value of your old home:
- Install solar panels. One of the main problems in old houses are the outdated, energy inefficient electrical systems. Installing solar panels will provide renewable energy to help counteract that and reduce energy bills.
- Fix your plumbing and electrical systems. You don’t want to live in a house where you need to do constant repairs because of leaky faucets and pipes or open and damaged electrical wiring. The need for constant repairs quickly reduces the value of your home, so it is better to fix issues properly up front, so they don’t require ongoing maintenance.
- Install functional windows and doors. They control the level of protection of your home, and if they are unsturdy or in poor condition, that is a major drawback. So, make sure that your windows and doors open and close properly.
- Offer a garage. Even if you don’t mind parking your car in the street or in your open driveway, the next homeowner might. Plus, some communities are strict about parking cars on the streets.
- Clean up your garden and enhance your landscaping. Curb appeal does a lot for the overall value of your home. If you have a garden in your front yard, make sure it is well-maintained and add some flowering plants to enhance it.
- Repaint. If the paint on your old house is chipping off or outdated, repaint it before you try to sell it. A fresh coat of paint completely transforms a house. Choose a color that is updated, but that also fits the style and vintage of the house.