Inexpensive and Simple Changes Can Boost Your Home’s Value
While North American real estate sales have continued to struggle over the past several years due to the economy, experts predict that homeowners will see an increase in sales in the spring of 2010. Low mortgage rates, tax benefits and lower prices will contribute to this increase in real estate sales. However, are homeowners prepared for the upcoming increase in home buyer traffic?
Most homeowners would like to purchase a home that’s move-in ready. However, most home seller’s aren’t interested in making, or can’t afford, major changes or improvements to a home that’s being sold. There are a few simple changes that homeowners can make to boost the value of their home before putting it on the market.
First impressions are important, right? Curb appeal, the first thing potential buyers see when driving up to a home, is as important as the home’s inside appeal. Most homeowners feel that the condition of a home’s exterior is an indication of a home’s interior condition.
Paint is an inexpensive way to spruce up a home’s exterior. When painting a home for resale, homeowners should choose a neutral color that would be attractive to a wide variety of homeowners. Any damaged siding or porch floorboards should also be repaired before painting.
Lawn maintenance is also something that the homeowners should take into consideration when preparing to sell their home. Bushes and shrubs should be trimmed and grass should be cut. If landscaping is at a minimum, homeowners should invest in sturdy, colorful plants that complement the home’s exterior color.
Interior Paint and Floors
Experts agree that flooring is an essential key to boosting a home’s interior appeal . Homeowners don’t need to invest a lot of money to replace flooring. However, homeowners should be willing to invest time into rebuffing and waxing floors and steam cleaning carpet.
Paint is another way to freshen up a home’s interior. A fresh coat of paint will give a room, or an entire home, a new smell and feel that is enticing to prospective home buyers. Homeowners should be careful when choosing colors for repainting. Like the exterior of a home, interior paints should be a neutral color that will appeal to a wide variety of homeowners.
New Appliances and Fixtures
Replacing appliances and fixtures is an expensive change that some homeowners don’t want to commit to. However, simple fixture changes and an addition of one inexpensive appliance doesn’t have to be a budget buster for home sellers. Faucets in bath and kitchens can often be changed by almost any do-it-yourself novice and be picked up inexpensively at many home improvement stores.
New appliances can be costly. Homeowners should scour home improvement stores for discount, close-out or clearance appliances. Even adding one new appliance to a kitchen can modernize it enough to be appealing to a buyer. If homeowners are on a tight budget, used appliances can be purchased online or at local salvage stores. One thing that homeowners should consider when purchasing used appliances: there will be no warranty to offer home buyers, and used appliances will need to be checked for electrical issues.
Repairs and Improvements
Most prospective home buyers aren’t interested in purchasing a home that requires costly repairs and improvements and most are willing to pay more for homes that are already in tip-top shape. When considering putting their home on the market, homeowners should take inventory of all major areas of their home like the roof, electrical and foundation.
If possible, homeowners should make any repairs to these areas before listing their home for sale. Odds are, when the home is sold, an inspector will find any areas that need repair and the home buyer will request these be taken care of before the purchase is finalized.
Getting Rid of Clutter and Cleaning
It seems that cleaning and getting rid of the clutter is a given. However, a lot of home owners tend to bypass this very important step. By presenting a clean and clutter free home, homeowners are presenting to buyers that home has been taken care of.
Homes on the market should be free of any unnecessary clutter and personal items. Family photos and artwork should be put away so that buyers can imagine their family mementos filling the walls and mantel. Also, any unnecessary furniture should be put into storage to that rooms appear larger.
As important as getting rid of clutter, cleaning is also an important step in the home selling process. Homeowners need to take a hard look at bathrooms and kitchens and make sure they are thoroughly cleaned before any viewings of the home. Mold and mildew should be cleaned away and mirrors should be free of spots and streaks.
Even though a homeowner’s furniture is probably not being sold with the house, all furniture should be neat and tidy. Slipcovers and a dust cloth can be an asset to a homeowner when trying to sell a house.