5 Ways to Increase the Value of Your Home

Selling a home is easily one of the most stressful things somebody has to go through. From preparing it for a sale, to finding your next home to purchase, there is an endless amount of steps you must go through to come out profitable. 

In order to make as money as you possibly can from the sale, you’ll need to greatly increase the value of your home, which can be done in the 5 easy steps listed below!

1. Curb Appeal

Your lawn is the first thing somebody sees when looking at your house, whether its done driving by or through a showing. It is imperative that you make it stand out, or at least spruce it up a bit, to give off a good first impression. 

House

One way to get a great curb appeal is my touching up on your garden. Some ways of doing this include planting flowers, redoing the fence, adding small lawn furniture, or adding seasonal decorations. Additionally, you should make sure that branches and hedges are trimmed, and the lawn remains freshly cut. 

2. Renovations

One sure way gaining value to your home is by making any necessary renovations You’ll want to prioritize these changes to fit both your financial situation, as well as your time frame. 

When getting renovations done to your home, you need to do a cost-benefit analysis to make sure you’ll be getting a good reward for all the money that you put in. It wouldn't be worth it to spend a fortune of money on something that doesn't necessarily need to be done. 

Possible renovations include repainting rooms that have outdated colors, replacing old or damaged windows, getting new and modern flooring, etc.

3. Simplify Your Home

When people come to view your home, they want to imagine themselves living in it. It’ll be hard for them to do so if your clutter lays all around the house. Simplifying your home to the bare minimum would allow potential buyers to imagine their new life there, and likely increase your chance of making a sale.

When simplifying your home for showings, it is not necessary to buy new furniture or decor. All you need to do is reduce items down to the bare essentials, which basically consists of furniture, with a few decorations here and there. 

Aside from ridding of unnecessary clutter, you’ll want to vacuum, dust, and mop your home regularly to keep it feeling fresh.  Additionally, you want to make sure that your home is always smelling good. Offering simple snacks and drinks at a showing is another tip that often times helps individuals make a sale. 

4. The Kitchen is Key 

The kitchen has been deemed one of the most influential determining factors of a home sale. Whether it be the size, cleanliness, or modernness of it, it remains of the most crucial aspects of any home. This is why it is so important to not only have yours cleaned out, but to also make sure it also stands out. 

If you have a tight budget, some easy and cost-efficient ways to make your kitchen more appealing is a quick paint job or some new curtains. However, if your kitchen is badly outdated, you may want to consider spending a bit more, perhaps on new counters or floor tiles. 

5. Hire an Inspector

Upon completing everything you feel as though you should have, you'll want to hire an inspector to finish analyzing all the aspects of your home that can’t necessarily be seen from the surface. This could range anywhere from termites, to rotting dry wood. In any case, such occurrences could deter you from making a sale, or cause you to have to lower your asking price. 

It is best to get these things looked at well before putting your home on the market. In doing so, you’ll be better equipped to make a good sale. 

Once you've modified your home and, as a result, increased its value, you’ll want to list it in on the Multiple Listing Services, also known as the MLS. The MLS is, in simple terms, an accumulation of all home listings in a given area. To view an example, try checking out the Illinois Flat Fee MLS

With access to the MLS, you’ll not only be able to reach out to a large number of potential buyers in your area, but you’ll also be able to save up to thousands to the commission that would usually be paid to the real estate agent. 

0 comments:

Post a Comment