Tips to Increase Your Home Value
When you put your house on the market, you want to get top dollar for it. There are some simple ways to increase the value of your home as well as some major renovations that will pay off if done well. Here are a few tips to increase the value of your home:
- Create Space
- De-Clutter & De-Personalize
- Curb Appeal Matters
- Update Your Kitchen
- Do the Basic Maintenance
- Go Neutral
- Don’t Over Upgrade
If your home feels a little crammed, it’s important to open it up so it feels spacious. One easy way to do this is by removing unnecessary furniture, allowing for an easy flow of traffic through your home. Sometimes, the best way to open up a space is by knocking down a wall. Open concept homes are very popular right now and will likely cause your home to sell much faster. Be sure to know the price of doing a project like this beforehand, and do the math to see if if will pay off in the end.
Buyers don’t care about your knick-knacks and personal items. Too many personal items make a home look cluttered and messy, and the emptier your house is of unnecessary decor, the easier it is for buyers to imagine their own personal items in the home. Clearing out closets and cabinets so they are only half-full will make it look like there is plenty of storage in the home, as well as make it look clean and neat.
Be sure to prune bushes and trees back so that your home isn’t blocked. Mow the lawn, dead-head flowers, and sweep off any debris or leaves in the driveway and walkway. This will be the first thing that potential buyers see, so it’s important to keep it clean and inviting.
When you’re selling your home, you’re really selling your kitchen. Remodeling your kitchen has endless benefits. You may spent a couple thousand dollars on new countertops, but a buyer may ask you knock off $10,000 of your asking price because of an outdated kitchen. An easy way to instantly update your kitchen is to paint your cabinets, and you can do it yourself. Replace the cabinet hardware and buy one fancy stainless steel appliance. When you have one high-end appliance, people think that all the rest are high-end too.
Before people buy a home, they generally have a home inspection done to make sure everything is in working order. There are a lot of things that you can fix before this is done, so it looks better and buyers won’t back out. Repair plumbing leaks, insulate the attic, replace rusty gutters, repair or replace leaky windows, and inspect the furnace and septic system. All of these things may seem like a lot, but it can mean the difference of making the sale or the sale falling through.
A fresh coat of paint can make a huge difference to buyers, but not if it’s hot pink. Repaint your walls with a neutral color like beige or off-white. By going with a neutral color it allows potential buyers to have a blank canvas to work with to project their own ideas.
While it’s important to have your home looking new and fresh, you don’t want to over upgrade because you most likely won’t get the money back. Avoid adding on to the house or doing huge makeovers. Work on small improvements that don’t take a lot of time and money, like replacing cabinets hardware, door hardware, buy inexpensive new curtains, and clean! Sometimes people think they need something new when all they need to do is clean it. Clean the grout, clean the blinds, clean the floor. Make sure everything is spotless.