How to Increase Your Home’s Value
Easy, cost-effective ways to help your home sell
In today's housing market, it can be difficult for people who are selling their home to get the price they really want. And home remodeling can get expensive, depending on the project. There are some simple tricks you can do to increase the value of your home without killing your budget. Here are some helpful tips from the professionals.
According to Melinda Fulmer of MSN Real Estate, "[y]our best bet is to invest a little sweat equity into a series of small weekend jobs—$300 or less—that boost your home's appeal and eliminate buyers' biggest objections."
Her suggestions include:
Get rid of the clutter. Before tackling any other project in your home, dedicate some time to de-cluttering. Clutter can be a distraction for potential home buyers; they want to be able to envision their stuff in your home. Pack things up in boxes and store them in the attic or in a storage unit, reduce the number of toys around the house, and maintain a system for filing your papers away.
Give your kitchen cabinets a facelift. This doesn't mean refacing them or even replacing them—just a fresh coat of paint can go a long way; stick to white or light neutral colors. Consider replacing the hardware as well, with something simple and modern. The kitchen is the most important room in the house, so it needs to make an impression.
Spruce up the front yard. Improving your home's curb appeal is an easy way to get the attention of home buyers. Replace your street numbers, clean your windows and perhaps touch up any chipping paint. Trim back any unruly shrubs and get rid of lawn ornaments, toys, tools and debris. Little touches such as placing a pot of flowers on the front step or planting some annuals along the walkway can make a big difference.
The professionals at HGTV know a thing or two about increasing a home's value. Its popular television shows, including Holmes on Homes, Property Brothers and Income Property, show you everything you need to know about owning, fixing, buying and selling a home. At its website, HGTV.com, you can find countless tips and tutorials on increasing your home's value. Here are just a couple:
Take your Realtor's advice. Most Realtors will do a walk-through of your home as a courtesy. While you have them there, ask them questions about what they'd suggest changing or fixing. They will know what buyers are looking for.
Improve your home's air quality. Old carpets might be harboring allergens and contaminants. Have a professional company test your indoor air quality. Depending on the results, consider replacing your carpet with tile, laminate or wood floors or, for a more cost-efficient alternative, have your carpets professionally cleaned.
There are plenty of options when it comes increasing the value of your home. What you choose to do depends on your budget and your goal. If you have questions about raising your home's value, stop by your local branch, where a financial professional can help you today.