If you’re looking to sell your home, you might be struggling with determining the right asking price. When you do finally figure out what price point you should be starting at, you might not always be happy with the result. Increasing the value of your home doesn’t have to necessarily be complicated or terribly expensive. Use these tips to quickly and easily increase your home’s resale value without having to change too much about your home.
First Impressions
The exterior and landscaping of a home can have a surprising impact on your home’s overall value, mainly because these are both specifically responsible for your home’s curb appeal. In a recent landscaping survey, research found that 63% of respondents reported being willing to pay more for an apartment or house if it was located in an area with good green spaces. Likewise, fixing up your home’s siding with a more expensive-looking material can help increase the perceived value of your home.
Color Theory
Think a can of paint can’t increase your home’s value? Think again. The color of certain rooms can impact how much people think they’re worth and are willing to pay, even if they plan on repainting a room. You might not even necessarily need to repaint your whole house; just a few key rooms can help. Zillow’s 2017 Paint Colors Analysis found that homes with blue bathrooms sold for $5,400 more than expected. If you’re looking to put a little more time and money into upgrading your home, fully remodeling a bathroom can give a return on investment of 70%.
Setting The Stage
On average, households in the United States have 300,000 things in them. However, people looking to buy a home don’t want to shop for a home while attempting to ignore all your belongings. Make sure you stage your home properly and keep your own personal belongings well-organized if you can’t relocate them while showing the house. This will help people envision themselves living in the space.
Repairs And Appliances
Do you have a particular appliance in your home that you’ve been waiting to replace, or a leaky faucet that you’ve been putting off fixing because it wasn’t worth the hassle? Now’s the time to fix it, if you want to improve your home’s resale value. The less work people will have to do when moving into your home, the more they’ll be willing to pay for it.
Picture Perfect
If you’re posting your home listing online, be careful which pictures you share of your home. Have them taken by a professional with a high-quality camera, and keep all your rooms as well lit as possible. This will significantly increase the amount of attention your home gets, as well as giving you the best chance for a higher offer.
Increasing your home’s resale value doesn’t necessarily have to be a lot of hard work. Making a few simple changes, even in just how you’re showing off your home to potential buyers, can ultimately increase what people are willing to pay for it. How will you use these tips to increase what your home is worth on the real estate market?
Dual Income, No Kids launched in the spring of 2006 and is now part of District Media, LLC. With over 10 million visitors and syndication on Google News, District Media delivers high-quality personal finance news and advice. Our 58 blogs inform, empower, educate and entertain the public -- free of charge, with all operating expenses financed by advertising.
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