5 Inexpensive ways to increase the resale value of your home
The housing market can be finicky. It rises and falls from the smallest of economic changes. But no matter what the current status of the market may be, you want your home to have the highest value. At first glance, you may think this means spending a large sum of money to attract potential buyers. The truth is that you do not have to do so. A few simple and affordable steps can enhance the value and appearance of your home.
1. Bring out the elbow grease
When potential buyers come into your home, they want to see their future home. They do not want to a see a massive cleanup project in conjunction with the moving process they are about to begin. This means, for the cost of some cleaning supplies and old elbow grease, you can increase your home’s value. In fact, a well-cleaned home can increase the value by hundreds, if not thousands, of dollars.
This is going to take more than your day-to-day maintenance. You need to deep-clean your home in a way you’ve likely not done. Every nook and cranny will need to cleaning. Get on top of the counters and wipe the kitchen cabinets. Get down on the floor and take a dryer sheet to the baseboards. From top to bottom, every part of your house should need cleaning. It will be time-consuming and you will use more cleaning tools and solutions than you usually do. But the end result will be a sparkling home with a higher value.
2. Declutter every room
“‘Tis better to donate than to accumulate!” Clutter can take a beautiful home and turn it into a mess inside and out. Whether it’s a stack of magazines or a pile of rubbish, start in one area at a time and reduce, reduce, reduce.
Not only will this making the moving process easier, it will also make your home look cleaner and more open. A large closet will not look spacious with overflowing shelves. Gather everything up and make a trip to your local donation spot. You’re helping the less fortunate, saving money on your move and getting a tax deduction.
3. Take down the photos
It may sound counterintuitive to depersonalize a home. But potential buyers want to envision themselves in the space. It can be hard to do this with someone else’s photos on the walls and tables. Take a minute to go ahead and pack those away.
Go through your children’s rooms and do the same. Hanging art, trophies and photos are all items to pack away. It will help your buyers feel like your home could be their home.
4. Update the hardware
If it is in your budget, upgrade the faucets and knobs in the kitchen and bathrooms. If your home is still sporting the golden round knobs, replace them with more modern options. If that’s not in your budget then give them all a good cleaning.
If you plan to include the kitchen appliances, be sure they are clean and odor-free.
5. Increase Curb-appeal
Landscaping may not increase the actual value of your home but it can help make a great first impression. Mow and feed the lawn, trim the trees and if the season is correct, plant some flowers. You don’t have to spend a fortune but consider how your home looks from the outside. Many potential buyers will judge the inside of the home based on how the outside appears.
Take a look at the other houses in your neighborhood to see how yours compares. If you come back envious of your neighbors, use that as inspiration and head down to your local nursery.
Regardless of the market, there are simple tricks you can do to increase the value and increase the time to sell. Keep your eye out on the trends that home buyers are following. If you can see your home through a buyer’s eyes, you have a greater chance of flipping your home in little time. Increasing the value will mean a faster and larger sale.