When you’re getting ready to put your home on the market, one of the most important things to consider is how you can increase its value. By making a few strategic changes, you may be able to boost your asking price and speed up the sale process. Here are some of the best ways to increase home value on your home for sale.
Maintenance and Repairs
When selling your home, it’s essential to make sure that all maintenance and repairs are up to date. If there are any issues with the house, buyers will view it as a fix-it project and discount the price accordingly.
Additionally, an inspector will uncover any damage during the home inspection. If the house fails the inspection, the buyer may back out of the deal or request that you make the repairs before moving forward.
You must take care of any maintenance and repairs for these reasons before putting your home on the market. By doing so, you’ll ensure that your home is move-in-ready and avoid any last-minute surprises.
Staging Your House for Sale
When you are selling your house, the goal is to make it as appealing as possible to potential buyers. This process is known as staging, and there are several ways to go about it.
First, it is vital to give the house a thorough cleaning. Cleaning creates a fresh and inviting space. Next, declutter the rooms and remove any personal items that could distract buyers from imagining themselves in the home.
It is also important to neutralize the space, which you can do by painting walls in neutral colors and removing any eccentric or dated fixtures. Then, you can start to accessorize the rooms by adding some strategic furniture and art pieces.
Finally, don’t forget about curb appeal. First impressions matter, so make sure that the outside of your home is just as inviting as the inside.
Making Small Improvements
Sometimes, the key to increasing home value is making minor improvements rather than major renovations. These types of projects are typically less expensive and time-consuming but can still have a significant impact on the overall value of your home.
Replace window and door screens: Old or damaged screens can make a home look run-down from the outside. Replacing them is a quick and easy way to give your home an instant facelift.
Re-caulk windows, baths, and doors: Caulk can become cracked and worn over time, allowing water to seep in and cause damage. Replacing the caulk around windows, baths, and doors will help to prevent water damage and make these areas look more appealing.
Invest in new hardware: Something as simple as replacing old door handles or light fixtures can give your home an updated look without breaking the bank.
Replace faucets: Worn-out or outdated faucets can make a bathroom or kitchen look dated. Replacing them is a quick and easy way to give these rooms a fresh new look.
Update light fixtures: Outdated light fixtures can make a room feel dark and dated. By replacing them with newer, more stylish options, you can brighten up the space and give it an updated look. Also, make sure all of the lightbulbs are working throughout the house.
Change doorknobs and locks: Like hardware, doorknobs and locks can make a house look dated. Replacing them is a quick and easy way to give your home an updated look.
Light switch and outlet covers: Old or damaged switch and outlet covers can make a house look run-down. Replacing them is an easy and inexpensive way to give your home a new look.
Bigger Home Improvements
Although small improvements can go a long way, sometimes you need to make bigger investments to see a significant increase in home value. These types of projects typically require more time and money but can have a major impact on the overall value of your home.
Make it energy efficient: Energy-efficient homes are in high demand and making your home more energy-efficient can help to increase its value. There are a few ways to make your home more energy-efficient, including weatherstripping doors and windows, sealing gaps and cracks, and insulating walls and attics.
Add smart home features: Smart home technology is becoming increasingly popular and adding these features to your home can help to increase its value. Some examples of smart home technology include security systems, thermostats, and lighting controls that can be controlled remotely with a smartphone or tablet.
Update appliances: Old or outdated appliances can make a home look dated and can be a turn-off for potential buyers. If your appliances are in need of an update, consider replacing them with energy-efficient models.
Offer a home warranty: A home warranty is an insurance that covers the repair or replacement of home systems and appliances. Offering a home warranty can give buyers peace of mind and can help to increase the value of your home.
Your Real Estate Agent
Your agent is an expert in assessing residential real estate and plotting a course for making it as attractive as possible to buyers. If you’re selling your home, consult with your agent about the best ways to increase its value.
A Listing Appraisal
A listing appraisal is an objective opinion of value for a property that a professional appraiser typically performs. The appraiser will provide you with a report that includes details about how you can make improvements and add value to your property. This type of appraisal can help determine the fair market value of your home and help you price it correctly when putting it on the market.
There are many ways to increase the value of your home. Some of these methods are small and simple, while others require more time and money. Be sure to consult with your real estate agent to get their expert opinion on the best ways to increase the value of your home.