Homeowners want to get the best price possible when selling their home, but they often aren’t sure where to start making improvements. The best way to increase the resale value of your home is to follow proven tips from the experts.
1. Take Care of Expensive Projects
As a homeowner getting ready to sell, you don’t want to spend too much. But, if you have an older home, taking care of some of the more expensive projects (such as replacing a roof) shows potential buyers that you’ve maintained it. They will appreciate not having to tackle all the expensive projects as the new homeowners, and you will get a nice return on your investment.
According to The Balance, sellers can put off some pricey home improvements, depending on the housing market, because some potential buyers want a fixer-upper. However, buyers typically shy away from homes that need a new roof because they don’t want the hassle of putting on a new one or are concerned about spending too much. The more repairs you make to the roof, windows and home systems that buyers expect to be in sound condition, the better your resale value will be.
One way to keep the cost of replacing a roof low is to avoid common roofing scams. Unfortunately, unethical roofing contractors try to take advantage of homeowners who are unaware of the scams. Angie’s List shares five warnings from highly rated roofing contractors to help you avoid losing money to a scam: the disappearing down payment, the mysterious door-to-door salesman, the storm chaser, high-pressure tactics and the fluctuating bid.
Overall, the best way to avoid a roofing scam is to check the credentials of roofing contractors before signing on the dotted line. Contact references, ensure they are licensed and insured, and read reviews about them online. Never allow anyone on your roof without checking his information first! Always be sure you ask questions and carefully read a contract before signing.
2. Declutter and Stage Your Home
To help potential buyers envision themselves in your home, declutter and stage it. The more clutter you clear out, the easier it is to clean and maintain your home. As a result, you’ll have fewer expensive repairs to make because you’ve been keeping up with your home over time rather than trying to fix everything at once in order to be ready to sell.
Also, keep in mind that what you consider decoration may be considered clutter by potential buyers. Minimize your personal items and ensure everything is in its place before you have buyers walk through your home. A realtor will know how to stage it for you or will help you hire a professional home stager.
The keys to staging a home to maximize your resale value include putting away family photos, magazines, toys and other personal items. Leave only the necessities in view and put the rest in cabinets.
You should also paint rooms in light, neutral colors that will appeal to more buyers and make your rooms look larger. For some more tips on home staging, check out this In the New House interview with Karan Barton, owner of Inside Out Designs.
3. Focus on Your Kitchen
If you have a tight budget, focus on your kitchen. People spend a great deal of time in the kitchen and upgrading it boosts your resale value quickly. Upgrade to stainless steel appliances, install stone countertops, update your kitchen faucet and drawer and cabinet hardware. Clear off your countertops, clean your nooks and crannies and upgrade vinyl flooring. Adding a backsplash also helps homes sell more quickly and adds value.
If you plan to sell your home, consider making improvements to boost your resale value. Take care of expensive projects like replacing your roof. Next, declutter and stage your home. Finally, focus on updating your kitchen to get the biggest bang for your buck.
Image via Pixabay by alluregraphicdesign
Article By: Seth Murphy / papadiy.com