How to Increase the Value of Your Home

You’re thinking of selling your home, one of the best things you can do before contacting a realtor is to increase the value of your home. It’s important to do this, but without breaking the bank. Luckily for you, there are simple changes you can make that are budget friendly, and can make a huge impact to the value of your property. Keep in mind that the changes you make need to appeal to potential buyers, so leopard spotted walls may not be the best idea as buyers will start adding up the cost to remove the ‘zoo-like’ qualities.

No matter your reason for selling, PaydayLoansCashAdvance wants to help you get the most value for your property. With that in mind, we’ve gathered these easy tips for increasing the resale value of your home.

Starting Outdoors

To the potential buyer nothing works better than first impressions. A quick update and a few minor changes can increase the value of the property and increase what the realtors call ‘curb appeal’. While updating the exterior of a home could be a minor or major investment, it can pay off rather quickly by both appealing to buyers and increasing the value of the property as well. Some of the inexpensive things you can do are:

  • Maintain a freshly manicured lawn
  • Clean the driveway and sidewalks and remove weeds popping out of the cracks
  • Create flowerbeds with a mixture of colorful plants
  • Use fresh mulch in gardens and around trees
  • Repair any damage to fences
  • Paint the house and/or trim in a fresh neutral color
  • If the home has a wooden deck, pressure wash it and treat it with wood sealer
  • Keep gutters cleaned out
  • Make any minor repairs you can that improve both aesthetics and value

Moving Inside

While you’re changing your home to increase the home value, you’ll want to be sure to not follow trend’s and instead make timeless changes without bold colors. Keep your colors neutral, but not necessarily the stark ‘institutional white’. Bold use of color is off putting to buyers, as they want to be able to imagine what the rooms of the house would look like with their things in it, with their family there and not yours.

Kitchen and Baths

Even small changes to these rooms increase the value of the property. The kitchen is one of the big selling points and should be up-to-date. If your appliances are more than three years old, you may want to consider replacing them. Make sure any appliance purchase you make has a high energy star rating which will appeal to buyers, offer you tax deductions and best yet, increase the value of the home. Consider replacing laminate countertops with a solid surface such as either granite or concrete. A less expensive upgrade countertop is an overlay made from resin or composite granite. Kitchen cabinets can be upgraded with some fresh paint or some crown molding or wine racks.

Flooring

One largely overlooked item within the house is the flooring. The more resilient the flooring the more value it adds to the home value. Natural stone, wood and tile are the favored picks for today’s home buyers. Low end carpet and vinyl are things that detract from the resale value. Tile, wood, and natural stone are the top picks for buyers. If you currently have vinyl or low-end carpet you can lose interest in your home. Remember that the more resilient the flooring, the more valuable it is.

Finances

It is best to make all the upgrades you can afford. Much of the manual labor and installation work can be done by you, if there are things you aren’t sure of then it’s best to hire a professional. But many things can be learned if you take the time. You may want to investigate taking a home equity loan in order to make some major upgrades. The extra money you make on the sale of your home will be pay for the loan.

Other ideas that will increase resale value:

  • Create storage and display space on plain walls by adding simple open shelves or building a wooden bookcase
  • Add a display shelf above windows in kitchen and bathrooms
  • Make a reading nook in a bay or box style window
  • Add molding trim to rooms within the house
  • Dress up ceiling mounted light fixtures by adding a medallion
  • Add a fireplace – a no-vent gas unit with realistic logs adds ambiance and value
  • Install a bay window – this adds value but also adds the appearance of space to a room
  • Install new windows – replace the old and drafty
  • Refinish wood floors – invigorates the look, adds to resale value
  • Update lighting fixtures

As you can see, there are many things that you can do to upgrade and increase the value of your home. While some of these will come with great expense, there will be great benefits down the road when the home sells. Remember this, the more your property is valued at means more money for you after the sale. Another perk to these upgrades is the ability to add to the appeal for the house, with any luck you could end up with two interested buyers who will engage in a bidding war.

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