Thinking of selling your house?
4 proven ways to increase home value based on my book "How to sell your home for more money?"
Some factors that determine what a house is worth are out of your control, like its location and the current conditions of that market. However, there are several tricks and repairs you can do to increase your increase home value.
Whether you want to build equity faster or get top dollar when you sell, use the tips below to raise the value of your home.
1. Make it attractive - 30 seconds first impression formula
Curb appeal — how your home appears from the street. A home’s exterior needs to make a prospective buyer want to walk through the front door. You need to make sure existing landscaping is well-maintained. If your yard seems dull in comparison with your neighbors, consider planting flowers, laying a mutch or painting the front door and driveway. Once the exterior looks good, focus on the kitchen and bathroom. They are the most important selling points and those rooms must be updated to keep a property reaching its highest value. A minor kitchen remodel recoups 81% of its cost in added value on average, versus 53% for an upscale kitchen remodel with stone countertops, custom cabinets, and commercial-grade appliances, according to Remodeling magazine’s “2018 Cost vs. Value Report.”The same is true for bathrooms; a midrange remodel — new flooring and a few updated fixtures — delivers a 70% return on investment, while an upscale bathroom remodels — heated flooring, custom cabinets, and designer fixtures — sees 56% on average.
2. Make it easy to maintenance
Since many home buyers worry about buying a home that will need constant maintenance and needs replacing a major component, you may consider replacing or repairing them before putting it up for sale. Make sure the A/C units, water heater and the roof will be in great condition. It will have a major influence on getting the higher price. Improvements that make things easy to clean and maintain may also increase home value. Consider replacing stained carpet with the tile of laminated floors
3. Make it looks bigger
Square footage has a huge impact on value. Price per square foot is one way helps people compare homes that are similar in style and upgrades. Bigger homes often command higher values, and even if an appraiser doesn’t officially acknowledge the full value of added space, a buyer will likely notice. Adding a room is the obvious way to make your house bigger, but you can also create additional living space by closing the screened patio area and building a deck.
4. Make it smarter
Safety-enhancing gadgets top the list of technologies younger buyers wants in their new homes. These safe and smart devices include thermostats, fire detectors, carbon monoxide detectors, security cameras, door locks and lighting. Unlike replacing the roof or renovating the bathroom, you can usually install cameras for less than $500, thermostats and locks for $250 or less.