10 Tips to Add Value to a Home for Sale
If you’re planning to sell your home this year, you want to get as much money as possible for the sale. Regardless of the market where you live, you can add value by making a few changes to your home. Which changes you make will depend on how much money you have in your renovation budget and what’s needed. Here is a look at 10 ways you can add value to your property for a better selling price.
Take Care of Your Lawn
Get the best lawn in the neighborhood, and you’ll have people knocking on your door to see what’s inside. Replace dry, dead plants with new ones designed to thrive in your area. Re-seed your lawn if you have patches of brown.
Repair the Exterior
Look at any areas outside of your house that needs repaired and work on them. Make sure gutters are attached and not leaking. Inspect the fascia, roof, and any other areas outside of your home. Plan to repaint the exterior and fix any siding issues.
While this update can’t be seen, it’s an important aspect to selling your home. Buyers want to know energy costs will be low, and increasing the amount of insulation you have can help reduce those expenses.
Update Appliances in the Kitchen
Appliances that are old or not energy-efficient will detract from a home. On the other hand, buyers will be impressed with new appliances, especially those which have a lower cost of operation. They don’t have to be the fanciest brands, but should be relatively new so buyers won’t have to replace them in the first few years of ownership.
Update Bathroom Fixtures
The bathroom is an often forgotten space in the house, but you can freshen it up and add interest just by updating the fixtures. Install a low-flow showerhead and replace old chrome faucets with brushed nickel or bronze. Adding some “Wow” to your bathroom can help buyers overlook the small space.
Buyers appreciate storage in a home, so find new ways to increase it in your property. Install open shelves in a bathroom, use baskets for personal items, add built-ins in the garage or basement. You can add storage regardless of how large or how small your home is. Get creative and go online to find storage solutions to fit your home.
Clean and Organize
While it’s not a permanent change in the home, cleaning your space and organizing everything will help buyers see themselves in your house. Your property’s features will show through when not hidden by clutter. Consider hiring a professional cleaning company to wash windows, clean closets and do all of the other tasks that only get done once a year. Power-wash the exterior and steam clean carpets. When you’re finished, the house will look almost like new as it sparkles and shines.
Paint Your Walls
One of the easiest ways to add value to your home in the eyes of the buyer is by painting the walls. Newly painted walls create a fresh, clean look and inspires buyers to imagine living there. This is also a low-cost way to enhance your home.
Remove the Popcorn Ceiling
If you live in an older home, it will be obvious with a popcorn ceiling. Buyers don’t like to see work waiting for them when they buy, and most don’t want to deal with the work that comes from changing structural elements. While you’re at it, look at any other major architectural aspects such as wall effects that could detract from the appeal for buyers.
Finish Unfinished Spaces
One of the more expensive projects, completing an unfinished space such as an attic or basement will add major value to your home. This will translate into more money at closing. Just make sure you can afford to do it right, because you don’t want to do a halfway job or you might end up lowering the value from where it is now if buyers see more work to do.
These are just a few of the ways a homeowner can add value to their home either to increase the price or to help the home sell faster. Figure out what’s in your budget for home renovations and updates, and make a plan. Get to work and you’ll see the results when you list your home on the market.