Sellers want to sell their homes at the best possible prices, but they often don’t know where they should be investing their money to increase the value of their homes. Here are the five ways which immensely help homeowners to do so.
1. “Sprucing up the kitchen”:
It is important to have the kitchen in a good shape before selling a home, as it is what often “sells a home”. This doesn’t necessarily mean that homeowners have to spend a lot on this sprucing. Simply making minor repairs like changing the faucets, light fixtures, or perhaps adding new cabinet doors and handles can make all the difference. If the budget is there, spending more on a new cabinet system or appliances will even more so increase the home’s value.
2. Repairing the bathroom:
Fixing up the bathroom before selling will definitely add value to a home. The greater the updates, the more valuable a home will be. Even though changing the bath tubs, toilets, sinks, and light fixtures will make a home most valuable, there are fairly minor changes that homeowners can make which can also add great value. Removing rust stains, applying fresh caulk, updating doorknobs, adding new faucets, and re-painting, can do wonders to increase a home’s value, and it can all be done for a reasonable price.
3. Flooring / Carpeting
It is essential to spend some money on floors if they are damaged or are in need of a fix up. Hiring professionals to clean carpets before an open house/showing is a cost effective way of making a home look better/ more valuable. Other less costly repairs include replacing broken tiles and patching damaged floor boards. If a floor is badly damaged, replacing it all together is a good idea, and adding hardwoods generally boosts most value.
4. Making Space / De-cluttering
People generally find big spaces appealing, so taking down a nonstructural wall or removing a kitchen island may be a good idea, since it creates the illusion of space. An even less costly way to create space, is to simply de-clutter. Getting rid of large furniture, organizing spaces, depersonalizing as much as possible, and letting natural light in, will be most appealing since it creates space and allows buyers to visualize themselves in that space.
5. Painting:
Painting the interior is a great/easy way to increase a home’s value. Painting can be somewhat costly, so in cases where sellers don’t have the budget to paint the whole house, only painting rooms that really need the touch up will suffice. To save money, sellers sometimes opt to only painting the kitchen and bathroom, since these rooms should be in good shape. Another tip is to paint in neutral colours, since bright colours can be distracting and less appealing. It’s best to stick with whites, off whites, greys, beiges, and neutral colours, as buyers can visualize themselves better in such spaces.
If you want more custom tips on how you can improve the value of YOUR home, contact me today!