6 Tips to Increase the Resale Value of Your Home
As the housing market is making its upsurge to recovery, there is no better time than now to make some necessary home improvements. Whether it’s upgrading the bathrooms, working in a fresh coat of paint or giving those kitchen cabinets a makeover, there are several important tasks that can give you numerous advantages in the event of a home resale.
The first huge step when marketing a house to buyers is getting them to come inside. A house with outdoor debris, sloppy landscaping, and unattractive trash or recycle bins lining its curb is not going to excite anyone to step into a house. Organizing, tidying and cleaning the exteriors before marketing a home is essential.
The bathroom and all its fixtures and details are often a bigger selling point than the four walls of a bedroom. Upgrading the faucets and sinks will give an instant facelift to a bathroom. A combination of smaller improvements, such as painting, de-cluttering and redecorating, are easy and will win over buyers, too, without putting a huge dent in your wallet. Adding storage solutions, such as a vanity or linen cabinets, will have a positive impact as well.
CLOSETS AND OTHER STORAGE
Nicely designed and functional closets are always a surprise to potential home buyers. Some nice storage solutions (e.g. pantries, media units, garages) can also make a significant difference, as buyers don’t often come across these.
Painting walls is usually the first go-to change most people make to their homes and it is for good reason. Cold, sterile walls are not welcoming and could hinder the impression on a buyer about the homeowner’s interest in maintaining the house. It is easy, fast, and inexpensive, so it’s hard to find an excuse not to, right? If you don’t do any other project, paint!
CONVERT THE BASEMENT INTO A LIVING ROOM
These spaces tend to have the reputation of being the “catch-all” area where clutter accumulates. Get creative with the décor: Create a wine storage and cocktail lounge, game room, home theater, piano room… the possibilities are endless!
Start with a simple pantry cabinet makeover to create an organized, welcoming kitchen. If you’re ready for a bigger investment, renovate by installing all stainless steel appliances, updating the backsplash, applying a fresh coat of paint, and adding new cabinetry and countertops. Modern elements should not be mixed with traditional or dated elements.
As far as the exterior of the home, your investment in a deck will get you the most return in cost – about 80% according to Remodeling magazine. The addition of this outdoor space moves potential buyers to daydream about the parties they can host, enjoying family dinners outside, or where they are going to place their mighty grill. Overall, it can be a huge selling point.