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Zillow Research Paper

Decent Essays

10 renovations for skyrocketing your property’s valuation, and how to get them done properly

Before you get too excited about Zillow’s estimate of your home, remember that Zillow have never been inside your home. In fact, their own website states that it is “computed using a proprietary formula” and notably, “It is not an appraisal”. Therefore, the true value of your home could be very different to what is displayed on Zillow. The great thing is, you can skyrocket the value of your property by carrying out some renovations.

1) Paint

After living in a home for a while, it is easy to forget that it might have lost its fresh look. Some dirt and scuff marks hold memories, but a prospective buyer won’t see it that way. A lick of paint can …show more content…

Notably, professionals will know the right types of paint to use, and are more likely to give a good result. Shop around for painters online to find one with a good reputation and in your price range.

2) Lighting

A trend in modern home building is to add skylights, with bigger windows in order to have more natural light coming in. Depending on when your house was built, the lighting might be less than ideal. This might be fine for you, but it means that you aren’t maximising the property value.

It isn’t advisable to do this on your own, especially if you have no experience. Hire some professionals and check images of past work. If done properly, it can make your home look ultra-luxurious.

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On the other hand, a well kept garden makes a home look more inviting, could increase the value and also makes it significantly easier to sell. Fortunately, you can improve the look of your garden using some books and Youtube videos. Besides helping to skyrocket your property’s value, gardening can be incredibly therapeutic.

5) Build a spare room

Nothing beats space in a home. However, depending on the way your house is built, it can be difficult to extend into the loft or build into the ground (very expensive). Notably, you can build a spare room which is attached to your home. This could be used as an extra bedroom, game room etc.

6) Tone down on the decorations

If you are looking to renovate in order to sell your home, it is important that a potential buyer can see themselves living in your home. Therefore, the decorations which you think make your home stand out could put people of. Therefore, some simple renovations would be to take down any bright wallpaper, wall decals etc.

7) Kitchen

The kitchen is one of the most important parts of the home. Therefore, a kitchen renovation can shoot up the value of your property and make it easier to sell in the future. In order to save money on a kitchen renovation, buy the parts yourself and then negotiate with an experienced kitchen renovator to fix it for you.

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