5 Ways To Boost Your Home’s Value
When you’re getting ready to sell your home, it can be tempting to pour money into upgrades intended to make your home easier to sell. In reality, it’s easy to put more into improvements than you actually get back out in increased home value. Here are a few areas to look at to maximize your return, while minimizing your investment:
- Prune and Landscape. Overgrown bushes, tangled limbs and wild flower beds can obscure views of your house, and make it appear unkempt. Landscaping is an investment that many homeowners can make with just a little elbow grease, and according to a 2007 survey by HomeGain, a $400-$500 investment in landscaping can bring a return of 3-4 times that in home value. If buyers can’t see what they’re getting, they’ll just move on.
- Create Space. Many older homes in our area were built with very broken up floor plans, while most modern buyers prefer an open feel. If you can easily remove a non-loadbearing wall, you can add thousands to the value of your house. However, be cautious and get a professional opinion, since demoing the wrong wall can cause serious structural issues.
- Basic Care and Maintenance. Before you rush off to replace all the kitchen cabinets, take a look at the basics. What you don’t notice, a potential buyer may see as a whole weekend of work. Repair small plumbing leaks, replace rusty gutters, inspect the furnace and fix leaking faucets. Houses that are in tiptop shape get tiptop offers.
- Easy Bathroom Upgrades. Bathrooms are intensely personal spaces, and buyers like to feel like they’re new. While actually gutting the bathroom and starting over won’t likely generate a positive return, there are a few simple updates that can make it feel brand new. Replace frosted glass with a more modern clear glass, clean the grout, remove rust stains, put on fresh caulk, replace door and drawer pulls and consider a new faucet. In fact, simply buying a new toilet seat can make a difference. Spending a few hundred dollars can really tune up an aging bathroom.
- Remove the “What’s that?” delima. Many houses have a few issues that make potential buyers ask, “What’s that?” Take a look around, or even have your real estate agent take a quick peek, and look for those problem areas. These might include water stains, peeling wallpaper, or bubbling flooring. They can also be quick fixes that don’t seem like a big deal as a homeowner, like a sloppy repair for a hole in the wall. The more questions buyers have, the more likely they are to just keep looking.
Navigating these waters can be tricky, but we have experienced realtors who can help. Even when you’re in the “thinking about it” phase, make the call to McInturf Realty and we’ll help you take a look at where to get the maximum return for your investment dollars, then we’ll help you through the rest of the selling process.
Photo by Siilk/ CC BY
Photo by andiezoe/ CC BY