If you plan on selling your property, you’ll certainly want to sell it for more than you bought it. In some cases, your property may need a bit of TLC in order to meet up with the market standards. And there are several really affordable techniques you can use to spruce up for your home for the property market.
Here are 8 simple tips to get you started.
1 Upgrade your kitchen –
The kitchen is one of the first places potential buyers go to when looking at a house, especially potential buyers who are married. It is actually considered to be the heart of the home, so you may need to start your improvements from here. For an affordable sum of money, you should be able to change the faucets on the sink, replace the handles on the cabinets and put up better, energy efficient lighting.
If you have a large budget, you can do a complete or gut kitchen renovation. This involves a complete overhaul of your kitchen, including adding new cabinets, changing the sinks and faucets, replacing the countertop and even renovating the kitchen island. If your kitchen appliances are worn at the edges, you should also consider replacing them.
2 Revamp your bath –
A cracked, old or dirty bathroom or toilet will not do the value of your home any good. Even if it’s an extra bathroom or toilet that’s never been used, potential buyers will be turned off if it’s not good to look at.
It will not cost a lot to completely replace your baths, showers, stalls and toilets and whatever you spend will eventually find its way into what you charge for your home. Sometimes, even changing the layout of the room can be a huge improvement and give added value to your home.
3 Clean and declutter –
Your home will never sell if it’s dirty or cluttered. Even if your home is in top shape, stuff lying around will make it appear decrepit and in need of repair. You need to do everything in your power to make your home appear presentable. This may not necessarily involve expensive changes. It could mean picking up stuff and putting them in their right positions.
You may also need to take away those stuff you no longer need. Do a garage sale or give them out— just take them out of your home. Sometimes, a simple rearranging of furniture can do the trick.
4 Paint –
If your home appears old, dilapidated or ugly, buyers won’t give it a second glance. First impression is just as important when looking at properties as when you meet new people. Home décor expert, James H from Cardinal Pro Painters suggests a fresh coat of paint will go a long way in making your home look new, fresh and more appealing.
“If you plan on painting, avoid colors that would make your home stand out for the wrong reasons. You can go with the original colors your home came with. However, if you’re thinking of changing your color scheme, go with something that shows your home in a flattering light. Consider the permanent elements in your home, such as driveways, patios and stonework, and choose colors that complement or blend in with these elements.
“You may also need to do a bit of touch up inside the house itself, such as repairing the walls and replacing the paint or wallpapers,” he said.
5 Create more space –
Minimalistic is the new trend, and you can apply it to your home also. This means that you may need to remove that non-structural wall or even the kitchen island. Any fixture in your home you know you can make do without should be taken away. This way, you’re making more space and creating a sense of flow that potential buyers will appreciate.
Buyers are now into open spaces, wide open floor plan and having the sitting room just off from the kitchen. You may also need to down the walls of the den in order to get a bigger room. Open spaces allows for better ventilation and better lighting. It also gives the new owner the chance to play around with the layout of their new home.
6 Improve exterior appeal –
A few strategically placed plants on the curb will do your home a lot of good in the eyes of potential buyers. There are also a whole lot of improvements you can make to the exterior of your home. You could invest in a new or renovated walkway, a better driveway, outdoor lights, a new mailbox and even a fresh coat of paint on the fence (if you have one). Trimming overgrown shrubs and hedges and making simple repairs to the façade will also give your home a modern and more appealing look.
7 Make it more efficient –
Improving on your home’s existing energy efficiency is a good investment that would pay off when you sell. Even if you don’t eventually sell your home, lowering your overall energy cost will save you money for as long as you own the house for.
According to a report by the National Association of Home Builders, energy efficiency is one of the top attributes potential buyers look out for when considering a property, second only to safe neighborhood. There are lots of things you can do to increase the energy efficiency of your home, such as installing a fresh insulation, identifying and sealing leak points and changing your windows and doors. An energy efficient window can lower your energy costs by as much as 20%.
8 Upgrade your home security –
No one wants a home that’s prone to break-ins and burglaries. Even though this may be a capital intensive investment, installing or upgrading your home security setup will be a huge part of your home’s appeal to potential buyers. People are looking for a home and neighborhood where they and their family can live in relative peace and safety, so having proper home security system in place will meet this need for them.
There you have it, a total of eight simple and some not-so-simple steps you can take to increase the value of your home. While the plan is to increase the value of your property, you need to make sure you don’t overdo things. You don’t want to carry out really expensive improvements and not see returns on your investment at the end of the day.