How to Improve Your Home Value

Posted by Laine Smith on 10/25/13 9:58 AM

Topics: Economy Home Ownership

Getting top dollar for your home doesn’t always require expensive remodeling or landscaping. The goal in increasing your home’s value is to eliminate buyers’ biggest objections and boost your overall home appeal. The best way to position your home for a top-dollar offer is to present it in turn-key condition.

Painting a Wall

Curb Appeal

When it comes to real estate, a book is always judged by its cover. To entice more buyers to inquire about your home, spruce up what they see from the curb. If your lawn is looking bare or neglected, put your green thumb to use. At the very least, plant a few shrubs, pull weeds, trim overgrown trees and rake and dispose of leaves. You may also try a few of these budget-friendly landscape projects:

  • Line your walkway with solar-powered lights.
  • Keep the lawn mowed and edged. Reseed any bare spots.
  • Add color to your flower beds.

Updated Kitchen

The kitchen is the most important room in the house to have move-in ready. If your cabinets are in good shape but outdated, apply fresh paint and a new finish. White and neutral colors are best for most but if your kitchen gets a lot of natural light, dark brown or black could also be appealing options.

Don’t neglect the hardware, either. Brushed nickel door pulls and faucets say simple and modern to prospective buyers. The same also goes for kitchen appliances; matching energy-efficient appliances in black or stainless steel will potentially attract more buyers.

Organization

Clutter and insufficient storage are major turn-offs to prospective home buyers. Miscellaneous items lying around are distractions for buyers and make your house seem smaller. Shoving those items in a closet doesn’t solve the problem either. Figure out a way to get your “extras” under control either by stowing them away in storage and getting rid of non-necessities.

If your home doesn’t boast ample closet space, install rods and/or shelves on multiple levels to create extra room. Mount storage units and shelving in the garage to eliminate clutter. Buyers will appreciate the efficiency of the extra storage space, as well as be able to visualize their own belongings in the house.

Fresh Paint

Painting is one of the least expensive ways to freshen up you home’s look. But don’t coat your walls with bright colors; stick to neutrals and avoid anything too dark.

The easiest way to add value to your home is to keep up with routine maintenance: plumbing, electric, heating and cooling, yard, paint, structural, etc. Most issues will be found during the home inspection and appraisal. It is important that you, as the seller, address the issues the buyer is requesting to be fixed per the home inspection and make the required repairs before trying to close the deal.

Buyers want a solid, safe home and will look for signs of a well-maintained house. Keeping your home in optimal shape will reduce the amount of work you need to do when it is time to sell.

 

Thinking of selling your current home and buying again in the near future? Our Upsizing & Downsizing Guide is a great resource for repeat homebuyers.

Download: Upsizing/Downsizing Guide

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