How to Build Value in Your Home For Resale
Your home might be one of the biggest investments that you will make in your lifetime, so it makes sense that you should be proactive to protect the resale value of your property. Since the real estate market is strong right now, it is the perfect time to maximize your equity. Talk to an experienced real estate agent, and you will find that a few small changes can go a long way to increase the resale value of the property.
Here are a few proven strategies that will help with your home equity:
CREATE MORE SPACE
Buyers want to buy homes that are open and conducive to family gatherings. Consider the option to knock out a non-structural wall in the main room. Or, change the kitchen island so that there is more floor space.
You can look at home renovations that open up the floorplan. Also, don’t overlook the value of home staging. Getting rid of the big, outdated furniture can make a difference to create a room that is open and airy, setting the right tone for potential buyers.
FACELIFT FOR THE KITCHEN AND BATHROOMS
There is a reason why the kitchen is called the “heart of the home.” People like to spend time with their loved ones over a good meal. Make the kitchen an area that is stylish, attractive, and functional. These renovations might be as simple as replacing the flooring and refinishing the cabinets. Or, you could consider a full kitchen renovation if it is outdated.
Don’t overlook the benefits of bathroom remodeling. Freshen the room, install new fixtures and faucets, and see the difference that it makes to boost the appearance of the room.
BOOST CURB APPEAL
There’s no doubt that first-impressions matter when you are trying to sell a home. Buyers will form an opinion about the property when they pull up to the curb. So, you need to be sure that the landscaping and external features send a welcoming message.
If you don’t have time to work in the yard, then it is worth the investment to hire a landscaping company to assist. Also, consider other details such as a new front door or a fresh layer of paint on the porch.
BE PROACTIVE WITH MAINTENANCE
Buyers don’t want to feel like they will need to invest thousands of dollars into maintenance and repair work. Most people want the home to be “move-in ready.” As a seller, you need to cover the most important details that could impact the negotiation, such as new windows, plumbing repairs, roofing services, and furnace inspection and repair work if necessary. These small details can make a big difference to help you maximize the equity that is available.
Before you invest in home renovations, it is always best to talk to an experienced real estate agent to evaluate comparable properties in the area. Then, personalized recommendations can be made that will have a positive influence on your property value. If you would like more information, reach out to the Walker+Hailey Team at Realty ONE Group Music City at (888) 950-LIST or 950List.com.