Updated 09/17/2015 @ 8:30pm
One of the best reasons to work on projects that add value to your home: in the event you sell your home you have increased the resell value. ABC’s Real Money teamed up with HGTV to give you pointers on getting the most value out of your home when it is time to sell. http://abcnews.go.com/WNT/video/profit-selling-home-23599230
Looking to put your house on the market? One of the greatest worries on your mind may be about getting the most value from your home, as it is for some many embarking on the real estate journey. You may be feeling a little overwhelmed with the sheer number of projects that could be tackled in an outdated or well-lived-in home. Worry not, there are certain projects will translate to better overall impressions of your home, and ultimately lead to a higher valuation. If you’re looking to be effective with your time and money, try one of these:
When a visitor pulls up to your home, the first thing they see is the yard. It’s a no-brainer, right? Updating landscaping and the general appearance of the house will create a positive impression even before they step in the front door. Curb appeal is often underestimated, but can pack quite a punch. Don’t worry, these updates don’t have to be costly; a nicely trimmed yard, fresh flowers and mulch, and a clean coat of paint on fences or trim will make a world of difference.
A clean and inviting bathroom is a huge selling point in the real estate world. Potential buyers are likely to be put off by grimy, outdated fixtures or questionable plumbing situations. If the space is decently designed, make sure that every surface is squeaky clean. It’s always a bonus if you can incorporate green design techniques in the remodeling process of your bathroom. Even if updating your restrooms requires a larger renovation than you’d hoped, remember that it’s a relatively small percentage of the home that will have a large impact on overall impression and the price that someone is willing to pay for your home.
Renovate THE Kitchen
So often these days the kitchen is the center of the home. Accordingly, real estate agents and buyers alike will be expecting to see a well designed and well maintained kitchen space if you’re going to be paid top dollar for your house. Even if you can’t afford a full-scale remodel, simple things like new appliances, updating tired paint choices or refinishing cabinets will all be nods in the right direction. As with the bathroom, clean the kitchen to within an inch of it’s life to ensure visitors aren’t put off by the accumulated grime.
Heating and air conditioning problems can be deal breakers for many potential buyers. Let’s be honest, we enjoy our creature comforts, and HVAC systems are wonderful things, not to mention extremely necessary in many parts of the country. If the existing HVAC system is old and tired, installing an updated system will not only ensure reliability for the new owners, but may appeal to a larger group of potential buyers if you select energy efficient units that will help save on utility bills. Opting for environmentally friendly products for HVAC replacement is rarely if ever a bad choice!