On average, Ocala's home values sit at around $139,000. Experts expect these values to continue increasing steadily for the foreseeable future. However, home value is not just based on the local property market. It also varies by the specific features of a house itself — notably its upkeep. So, what can you do as a homeowner to keep property value stable, and even increase it?
You have the ability to manipulate your home value. If you do so successfully, you'll have more value in personal assets. You'll also likely be able to set a higher selling price if you decide to move. Making changes to your home will likely prove beneficial in the future.
What Changes Should You Make To The Home?
You'll want to make changes to your home that are practical and financially shrewd. Repairs or refurbishments that are not cohesive, or improperly done, might result in a decline in value. They might also create challenges selling the property, providing upkeep or getting home insurance.
So, what are some of the appropriate changes you can make to your home that make it better?
- Undertake minor exterior improvements. Replace old doors and windows. Paint the siding and replace old awnings or roofing beams. Consider using weather- or damage-resistant materials, such as fiber-cement siding.
- At the same time, think about undertaking a significant exterior remodel. For example, adding a porch or patio will add perks to the property that might make it appealing to buyers.
- Consider closing an open carport to create an enclosed garage.
- Make aesthetic improvements to large rooms, like the living and dining areas. For example, repair any wall cracks, install hardwood floors or replace damaged carpet. Repaint regularly and consider removing popcorn ceilings.
- Consider significant improvements to functional rooms like the kitchen and bathroom. Replacing outdated stoves, sinks, tubs and toilets often make prospective buyers more interested.
- Make practical changes to your landscaping. Ensure that pipelines direct water away from the home. Don't let vegetation overgrow and encroach on the structure. Repair breaks and cracks in walkways if they pose fall risks.
- Never neglect significant structural repairs like roof, wall or foundation repairs. If any of these structures sustain damage, they could become very severe and even spread.
As you make changes, get in touch with your Ahrens Insurance agent. Changes to the home might increase the amount of insurance you need. They might also add risks to the property, that thus need appropriate coverage. Ensure your agent knows about large changes and can provide appropriate coverage.