How to Increase the Value of Your Home
If you’ve made the big decision to sell your home, and you want to increase its value, we’ve got some helpful tips, just for you!
Where to Start
Recruit a pro. It’s important to take the time to meet with either a realtor or interior designer and walk through your home together. Their professional eye might see something that you didn’t. Keep in mind, most realtors will do this as a courtesy, but a professional designer will probably cost a fee.
Hire an inspector. There’s more to selling your house than making it look pretty. Hire a professional inspector to check your house from top to bottom — including the roof, foundation, plumbing, hidden water leaks, electric systems and anything that seems small, but could potentially become an expensive problem later on.
Care and maintenance. Is your faucet leaking? Does the toilet run? From carpet stains to light fixtures, potential buyers are going to come in and examine everything with an eagle eye (as you should when looking for your next home), so make sure everything is in proper working order.
Make a checklist. Save time and money by making a plan and creating a list of every suggestion made by the professionals. How much will it cost to fix, add or renovate? Have an idea of how much value will be added to your home with each recommendation, so you know the return on investment.
Upgrade the kitchen. Most real estate experts agree that the kitchen can make or break home sales. And you don’t necessarily have to spend big bucks on costly remodel projects to add value to your home. Even minor updates, like a new sink or countertops, can boost your home’s resale value.
Bathroom beautification. Bathroom upgrades are widely seen as a cost-efficient way to add value and appeal to your home. Start by re-caulking the tub, sink and shower to fix any broken or cracked seals that could lead to mold or water damage. If you have it in the budget, update the bathroom’s look with a new countertop, sink, faucet or toilet. Or, consider replacing the floor and finishing things off with a fresh coat of paint.
Paint perfection. For rooms with bold colors, design experts recommend painting over with neutral shades. This way, it’s easier for the buyer to picture their own color preferences, without being distracted by colors like “flamingo dream” or “nacho cheese”.
Create space. A simple, inexpensive way to increase the value of your home is by making it look bigger. Rearrange the furniture to best fit the space or remove certain pieces to open things up. An open-floor plan is on a lot of buyers’ lists, so work with what you’ve got to make the most space.
Contain the curtains. A small detail that often goes overlooked are the window treatments. Many curtains are bulky and block light from entering the room. Make sure your windows let in as much light as possible to really give the room an attractive appearance.
Floor flip. A stained, worn carpet can diminish the perceived value of your home. If you have the budget for it, new carpeting or other flooring options can help add value.
Light basics. The right lighting in a room can make all the difference. Install dimming lights so people are in control of the ambience in each room.
Adding Curb Appeal
Landscape. People often judge a book by its cover, and in this case, the outside of your home is what buyers will judge first. Make sure your lawn is healthy, weed-free and freshly mowed. Likewise, it’s smart to prune trees and shrubs, weed flower beds and add potted plants around the garage and entrance.
Front-door makeover. The front door can be a crucial focal point of your home’s curb appeal. Think about painting the door with a distinctive color, or if you have the funds available, consider replacing it with one that’s eye-catching and up-to-date.
Open the shades, let some fresh air in and get excited about adding value to your home! Consider trying out our other ideas for appraising and staging to sell your home. That way, you can confidently focus on finding the next special place where you can pursue your dreams. Before moving into your new place, talk to your American Family agent and check out our homeowners or renters coverages to make sure your new hard-earned dream never goes unprotected.
Related Topics: Home DIY