Are you planning on selling your home? Then, you are probably trying to think up various ways to ensure that you fetch the right price for it. That said, it bears noting that getting a house ready for realtor showings can be a tall order – especially if you are working under a certain time or financial constraint. However, the effort you put in at this stage might be the key to attracting the highest bidder.
When it comes to getting the most value from a home sale, the devil is in the detail. This is especially true in the current economy, where growth forecasts are at an all-time low. Despite this, now is the perfect time to invest in your home if you want to capitalize on its value.
Even if you plan to stay in your home for a few more years, there are certain steps you can start taking now. Not only will this approach drive up your property value, but it will also leave your home more comfortable and attractive. Ready to dive in? Here are the 4 top tips for improving the value of your home:
Take Care of the Basics
Before embarking on the more expensive upgrades and renovations, it is important to handle the basics first. Start by checking your plumbing and repairing any leaks, and ensure that the property is well insulated. Repair or replace leaky or broken windows, install storm doors, and replace rusty rain gutters. Ensure that your roof is still in good condition, or contact one of the top roofing companies in northern Kentucky if it requires any work.
These fixes may seem small or insignificant, but they go a long way towards driving up your property value. Keep investing in regular maintenance and repairs as this could be vital to a sale. In the current market, ensuring that your house is in pristine condition has never been more important to potential buyers.
Spruce Up the Paint Job
Few things can give your home an entirely new look and feel faster than a fresh coat of paint. More importantly, it is also an effective way to improve the value of your property. This is especially true for exterior paint. That’s because it can get cracked and discolored from prolonged exposure to the elements over time. Old exterior paint won’t just make your house look unsightly, but it can also make it more susceptible to dampness, rot, and pests. Ensure that you choose a weatherproof paint that has a 10-year warranty for your exterior walls.
But this doesn’t mean that you should neglect the interior either! Update the paint job indoors too, repairing any damaged drywall and paying extra attention to the ceiling and moldings.
Update the Kitchen and Bath
Two of the most important rooms in any home are the kitchen and bathroom. Did you know that research shows that you can increase the value of your property by up to 7% by renovating these rooms alone? Replacing old surfaces and installing new fixtures can transform any old kitchen or bath into a stunning, modern work of art.
But, apart from aesthetic concerns, it can also improve your home’s efficiency. For example, switching to low flow toilets can help you shave a huge chunk off your water bill. Also, updating ineffective faucets and showers, and replacing old tile and grout will make your home more attractive to potential buyers.
The first thing buyers or appraisers see when they approach your home is the front yard. If yours is full of patchy grass or any clutter, it can impact your property value negatively. A beautiful garden creates a calm, peaceful ambiance that potential buyers are drawn to. So get rid of dead trees, trim bushes, and clean up your walkways. Start spreading seeds for new grass and mulch your flower beds. Also, focus on planting perennial plants. They are easier to maintain as they do not require replanting. These steps give your home a curbside appeal that will increase its overall value.
Hey Himanshu, these are really great tips which will help in improving the value of the home. We are in plans to see one of the property and before doing that we will definitely try to incorporate these tips in our home. And I am sure by doing this we will get good value as well.