13 Dec How to Increase the Value of Your Home Before Selling
Before you hit the market with your home for sale, you may want to consider increasing the value of a few of the bigger money-making opportunities you may have missed. After you purge the home of clutter, filth, and personal items, you’ll want to consider where you can make some updates that buyers are looking for. For example, did you know that kitchen updates will have some of the biggest impacts on your return?
Another area that is often overlooked is the exterior, and that can do really well too. Along with these two areas and the overall cleanup, a bathroom update is a place to focus. Take a look at why these areas are where you should focus and how they can increase your home’s value before selling.
Clean up the house and the yard
The first area, and maybe one of the most obvious, is the overall cleanup of the house will be one of your biggest value increases. A buyer would never want to see your mess, strange smells, or any clutter in a house they are trying to picture their dream life in. Getting rid of personal effects, extra items causing clutter, and a deep cleaning is one of the easiest ways to attract a buyer and increase your value.
The decluttering process is important for protecting your personal valuables and for removing those neutral items like excess furniture or belongings that would make a buyer uncomfortable walking through the home. You want a buyer to envision their things in the home, but they can’ do that if you’ve over-cluttered it with large furniture, family portraits, dog bowls, and offensive artwork. They definitely won’t want to envision their things here if they notice dust everywhere, dirty surfaces, or a bathroom that needs to be cleaned.
Once you’ve finished the interior, head outside because your exterior is going to need to be cleaned up too. Remove children’s toys, dog toys, and outdoor equipment before taking the time to trim shrubs, mow the lawn, and add mulch to the garden beds.
Update the kitchen
The kitchen is one area many buyers tend to focus on. When you’ve put the money into redoing your kitchen, your buyers are going to want to pay more to get their hands on this property. If you could only pick one room to enhance, sprucing up your kitchen is the place to do it.
Make sure to handle minor repairs and then consider if you can afford new appliances, countertops, cabinets, and light fixtures that would bring a modern feel to the home. It will pay off anywhere from 3-7% where you only need to spend between a few hundred dollars to up to $5k.
Update the bathroom
Lastly, the bathroom would be a great third area to focus on for an increased value. Like the kitchen, buyers want a well-maintained bathroom with tile floor that’s been re-grouted or fixtures that have been updated. You can easily add a new vanity or new floor for under a grand which could earn you between 2 and 3% more on your return.
If you have time
Once you’ve focused on these three areas, consider a new paint job, updating your old décor, and making repairs to things like your old carpeting or your broken air conditioner. These are things that could become a discount for a buyer unless you’ve spent the money to already update them.
These are the most important areas to focus on before selling your home so that you can increase the value and get the best possible return!