Improving the Value of Your Home
If you are in the process of selling your home, or have been living in your home for awhile and are curious how to improve upon or maintain the property value without spending a lot of money in the process, then this article written by Greg Schryer titled “How to Improve the Value of Your Home” is a great resource on what to upgrade in your home without breaking the bank. An excerpt of the article is listed below, but to read the full article, please click here.
“…Fix It Up
As a homeowner trying to sell, you might be thinking that a slew of luxurious upgrades is just the ticket for boosting the value of your home. However, the experts say that sticking to the basics is your best bet. Pay attention to simple maintenance adjustments around the house that could use some tweaking such as plumbing repairs, insulating low/bare areas in the attic, inspecting the furnace and the septic system, window repair, weeding, etc.
These kinds of fixes go a long way toward market value and the investment of a few hundred dollars could actually increase it by a few thousand. You might be surprised by how low-cost your maintenance upgrades need to be. People think that they have to break the bank in order to raise the value of their home, but that’s not normally the case at all. Simply ensure that your property is in great condition and you’re on your way to a bigger and faster sale.
Floors are one of the first things buyers look at when considering a house, and they’re usually put off by the idea that they have to redo all the flooring in their prospective dream home. Ninety-four percent of real estate professionals recommend spending money on floors. But luckily it doesn’t have to be a lot of money—a little goes a long way. If you have old carpeting, upgrade to engineered flooring, hardwood or a more modern carpet. Broken tiles and damaged floorboards are also key features to look into. The more refreshed your floors look, the better. If you have maintained a colour scheme that is now outdated, you may need to upgrade in order to appeal to today’s buyers. Ensure that all carpet that smell of pets is removed or steam cleaned.
Simple and cost-effective, paint is one of the best improvements you can make to your home when preparing to sell. It’s a quick way to freshen up every room and give it a clean, updated look. With fresh paint you can easily increase your home’s value and the amount of work involved is fairly minimal. Selecting colours can be tricky, which is why keeping a neutral theme is usually a wise option. Buyers want to visualize their future home and imagine what kind of theme and décor they will go with once they move in, and keeping shades neutral helps with this. Make sure to freshen up all those baseboards too – buyers notice.
Updating the bathroom is a smart decision because buyers consistently rank this as a top priority. It’s an important room in the house and when you have at least two you want to be sure that moving in isn’t going to cost your buyer a pretty penny. Renovations are hugely beneficial, like replacing an outdated vanity, upgrading old plumbing and light fixtures, or replacing dated and stained sink and shower faucets. A bathroom fix-up to give it a modern style will guarantee buyer interest and a big boost in home value.”