This is it!
You’ve lived in your home for a while and its come time to upgrade, downgrade, or anything in between. The excitement of something new that better suits this season of your life starts to hit you.
You look around and realize that the improvements you wanted – when you moved into the home – got put on the backburner all these years.
We get it.
Kids or life have different plans for your budget than you thought.
Now is a better time than ever.
A few simple updates can be the difference of a buyer negotiating thousands of dollars for your home value. You don’t want to miss out on that much equity just because a couple hundred dollar face lift.
So, here is 8 simple ways you can increase the value of your home before you put it on the market!
1. Open up the space in your home
The rave of homes these days are getting more bang for your buck. A house layout created 20 years ago can easily feel 2/3 smaller than the same type of house layout today. If you have an older home, it can be opened up easily. By knocking out a wall between rooms, extending the kitchen, or even taking out a breakfast bar can make a big difference in the feel of your home. You can take it from feeling like a 2,000 square foot home to feeling like a 3500 square foot home when you walk in by these simple improvements. These simple improvements may cost you only a couple hundred dollars if you choose the right one. With a small budget, you can still increase your home value through this facelift.
2. Natural lighting
One way to make your home feel bigger is by adding windows to your home. This natural light can make your home light up without having to use the electricity. More windows can equal more savings in that area. Having larger windows will let in the Vitamin D that we all crave, especially in the winter. Anyone would rather be in a home that is opened compared to a home that feels like a dungeon. So, open up those walls to the outside and get a better view!
3. Keep your landscape taken care of
Spring cleaning outside can add value to the curb appeal which will add value to your home. Vines, branches, and other landscape can get out of control at times and be in places it should not. This may cause damage to your siding and foundation over time. This step will not only bring instant home value, but it also can prevent you from having to spend a lot of money in the future on repairs. A clean and well taken care of lawn will attract more people. This can, in return, give you a better chance on selling your home. More potential buyers can increase the chance of the sale.
4. Update the parts of the home that will broaden the market
The kitchen and bathrooms are what people look at when deciding a home. An open-concept kitchen and updated countertops/cabinets can be the decision factor between homes. Let’s be real, happy wife – happy life. If there is a home available with a better kitchen for the same price, it could very well be the deciding factor. Bathrooms, especially the master bathroom, can make or break a deal on a home. Not everyone has the kitchen or bathroom updates as a preference on their home, but statistics show that many people do. So, to broaden the chances and market of your home, look into getting these areas fixed up before putting it on the market.
5. Hire a professional home inspector
This one is important to keep from surprises. Before you sell, get a home inspection done on your home. Many home inspectors will offer a discount for a sellers inspection. The last thing you want is for issues to arise in your home on a buyers home inspection report and make the home value decrease. Many buyers will negotiate home repairs into the cost of your home if there are many/big repairs. Don’t get blindsided by these repairs. It may cost you a $10 trip to Lowe’s to fix but could potentially make someone back out of a deal if there is a list of 100 potential problems to repair.
6. Have neutral wall colors
There is a market for fun and unique wall colors. But, for the majority of home buyers, a neutral wall color will appeal to them more than an uncommon wall color. Do some research before painting your home. At the time of writing this article, grays are the in color. See which color is trending right now and go for it! A simple paint job can make a big difference in the value of your home. Don’t limit it to the inside of your home. If it is an old home, chances are the colors aren’t necessarily in style or it might need a face lift. Painting the exterior of your home will make it look like new and help buyers see it in such a different light. You may end up looking like a new construction by the time you are done with it.
7. Don’t rush into a sale
It is easy to want to take the first offer on your home. Especially when people are telling you that it is not a sellers market right now. Good comes to those who wait. If you aren’t happy with the offer placed on your home, be a little patient. Now, this doesn’t mean place your home on sale for $30,000 over the home value, but it does mean don’t allow someone to come $30,000 underneath the clear value of your home. You will be getting a new home and the last thing you want it to be upside down on your current home. An awesome realtor can help you with getting the most out of your home.
8. Make your home smarter
It is the day and age of technology. Updating the thermostat, locks, security cameras all “smart” can increase the appeal of your home. How many times have you finally finished everything in the house and jumped in bed to realize you left that stinking hallway light on? Have you ever wished you could just snap our fingers and it be off? Well, not you can – kinda. With a smart system, it would be easy to roll over to your phone and turn off that light. Nobody wants to get back out of the sheets to turn out that light! Having a smart thermostat can also keep the HVAC bills lower too. Turning the thermostat to a more efficient temperature when you are not at home can make the difference in paying more or less for the utilities you use. It’s not always easy to remember to turn the thermostat to an efficient temperature before you leave the house every time. By having a smart thermostat, you can easily change it by a tap on your phone.
These 8 simple ways to increase your home value can come in handy when it comes time to get your top dollar. A simple update can be the deciding factor of a home choice for everyone. The last thing you want is for you to miss out on getting thousands more for your home because a part of it isn’t aesthetically pleasing. These improvements can also happen over time. They do not have to be tackled all at once.
If you need an inspection, contact the best inspectors in town at Parker Inspections. You can get a quote easily by calling 9189786844! We would love to hear from you and any questions you may have.