10 Smart Ways to Quickly Increase the Value of Your Home

10 Smart Ways to Quickly Increase the Value of Your Home

Hello everyone,

I am frequently asked about ways to quickly increase the value of a home, without costly improvements. 

We all love shows like Fixer Upper and Flip or Flop, but who has that budget?!  Below are 10 things that can give you a big bang for your buck, without breaking the bank.  Do some or do all.  They will definitely help!

1.       Curb appeal is crucial for a good first impression.  Get this right to sell faster at a higher price!   Mow and trim the lawn, lay fresh mulch on the flower bed, perhaps with fresh flowers or potted outdoor plants.  Trim tree branches if needed. Clean off grease spots on the driveway with some cleaner from Autozone.   Power wash or hose off the front of the house and walkways.  Replace/fix dented garage door panels, remove dilapidated basketball hoop…  Then, make the front door inviting with a wreath or welcome sign.  Check Pinterest for great ideas!

Once inside,

2.       Remove clutter and de-personalize.  People want to see how their things can fit in the home.  Too stuffed and cluttered and it can seem chaotic.  

3.       Organize closets and kitchen drawers.  Again, buyers want to be sure they can fit their things.  Show them how spacious and organized it can be.   Note:  Its normal to have a full garage when selling.  No worries there. 

4.       Make every surface shine.  Deep cleaning is a HUGE sales driver!  Everyone loves a fresh smelling, spotless home.  This can move your house to the top of their list!

5.       Take color down a notch.  Lime green kitchen, red bedroom or orange bath?  Consider painting a neutral gray or warm tan.  This will both speed the sale and add value.

6.       Eliminate/compensate for bad odors.  Buyers name the houses they see.  Be the “Clean House”, the “Sun Flower House”, “Organized House”.  Don’t be the “cat pee house”.  This could cost you thousands in lost time and offer amount.

7.       Other powerful inexpensive re-fresh ideas:  Fresh paint has a VERY high ROI.  So does cleaning or replacing bad carpet, replacing old brass/gold knobs and fixtures.  All can be picked up at Home Depot or Lowes.  How far do you go with improvements??  Consider the cost vs benefit of major improvements.  If you are planning to sell, its often difficult to recoup the cost of installing new granite countertops, etc. unless the existing ones are in really poor condition.  Then replace.  When the market slows, this strategy will change. 

8.       Know your home’s strengths and weaknesses:  Location near parks and rec, school district ratings, new or old AC, sprinklers, roof condition, electrical, condition of windows, specific updates… The ability to identify and highlight all positives can really help to hold up value and speed the sale. 

9.       Other services: 

a.       A handyman can fix many little issues for you from plumbing leaks, cabinet hinges, dry rot around the eves and chimney, broken railing spires, tile grout, minor patching and painting, etc. 

b.       Stagers:  Often talked about, but not used as often.  You can typically do your own staging with some good google or realtor advice.  But if you really need it, its available. 

c.       Professional cleaning:  This may cost you a couple hundred, but it is priceless!

10.   TIP TO CONSIDER:  Consider having your home inspected by a certified home inspector before putting it on the market.  This is not required and will cost approximately $475.00.  However, when done beforehand, it can sometimes save you THOUSANDS.  This gives you the opportunity to fix those surprise hidden issues and prevent having to negotiate costly credits during the time of sale, giving you strong leverage and positioning.  It can also make your home more attractive because there will be no surprises to the buyer either. 

11.   Bonus tip:  If you have expensive jewelry, firearms, prescription medications, or other items of value, lock them up or hide them from temptation.  We have never had a problem, but have read about issues. 

I hope these thoughts are helpful! 

I wish you much success in all that you do,

Mike Rowe, Realtor

817/606-7171

[email protected]

 


Mike Rowe, REALTOR Headshot
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Dated: September 11th 2018
Views: 122
About Mike: Mike Rowe is experienced in both residential and commercial real estate. He is a certified residenti...

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