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Everyone wants to get the most value for their home. The trick is getting the
most value while spending the least amount of time and money. One of the keys
for adding value to your home is to repair, replace or remove anything that
could turn buyers away. Try our 10 tips for improving the value of your home and
watch your investments pay off big!
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Nothing makes a faster statement than painting. One of
the simplest, most cost-effective improvements of all is paint! Freshly
painted rooms look clean and updated and that spells value. When
selecting paint colors, keep in mind that neutrals appeal to the greatest
number of people, therefore making your home more desirable. On average, a
gallon of paint costs around $25, leaving you plenty of money to buy
rollers, painter's tape, drop cloths and brushes.
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Get a Professional Opinion. Check with your local
Realtors to see if you can have someone come and view your home and give you
their professional opinion. You may also try getting a consultation with a
home stager or decorator. A fresh pair of eyes, especially professional ones
can give you valuable insight on how a potential buyer sees your home and
what you can do to improve that all important first impression of your home.
Prepare to spend between $75-$200 for a consultation.
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Improve your curb appeal. No question that shrubs and
colorful plants will add curb appeal to any home, but when shopping at your
local garden center, make sure that you "think green." Purchase plants that
are native to your region or plants that are drought-tolerant; these require
less water and maintenance, which means more savings to you and more green
in your wallet.
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Remove that popcorn ceiling! What's on your ceiling? Few
structural elements date a house more than popcorn ceilings. So dedicate a
weekend to ditching the dated look and adding dollar signs to the value of
your home. This is a project you can tackle yourself. First, visit your
local hardware store for a solution to soften the texture, then simply
scrape the popcorn away. Removing a popcorn ceiling may not seem like a big
change but one of the keys for adding value to your home is to repair,
replace or remove anything that could turn buyers away.
Get your home inspected. A home inspection is vital before
you put your home on the market. The last thing you want is to have a
contract on the table, only to hear the inspector has found dry rot. If you
know in advance, you can take care of it. If a home inspection turns out
well, it is likely the buyers will feel good about their purchase and not
ask for costly fixes or concessions. A home inspection will also give you a
heads up on upcoming costs and buyers will be impressed and feel more secure
with a homeowner who has regularly had the home inspected.
Small bathroom updates equal a big return. Bathroom updates are always a
smart move. A great room to update for less than $750 is the bathroom. The
two rooms that benefit most from even small renovations are the kitchen and
bathroom. One cost-effective change, like replacing an outdated vanity, old
plumbing and lighting fixtures or adding a new tile floor, will guarantee a
lot of bang for your buck and give your bath an updated, modern look.
Fix all small repairs and complete your "Honey Do"
list. Walk around your home and make a list of all the little things that
are broken or in need of repair. Individually, small repairs might not seem
important, but if every room has just one thing wrong, those small things
will add up to create the impression that your home has been neglected. If
you don't feel comfortable tackling the repairs yourself, hire a handyman
for a day and watch your "to do" list disappear.
Add Some energy efficient features, Nowadays everyone is looking for
ways to go green. Install a tankless water heater, upgrade to star efficient
appliances, and add a programmable thermostat. Seals around the windows and
door frames and improved insulation will lower your electric bills and
letting potential buyers know they won't be paying an arm and a leg for
utility bills is a great selling feature.
Spend your budget on your kitchen. Whatever your
budget is spend the majority of it on your kitchen. Adding marble
countertops, stainless steel appliances and replacing or at least improving
your cabinets will all go a long way in improving your home value. On a
limited budget replace the cabinet hardware and paint the doors for a fresh
new look. Keep the counter uncluttered and sell that valuable counter space.
Fix up the Entry way. The look of your front door and
entrance play heavily into the overall curb appeal of your home. As visitors
enter, the front door serves as the transition into your home and is part of
their first impression. Entry doors are architectural components that should
complement your home's overall design, not detract from it. If your existing
front door isn't up to par, head down to your local home improvement store
for a more energy-efficient and attractive replacement.
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