If you’ve been considering selling your home you obviously want to get top dollar for your investment. We can become blind to minor out of date features in our own homes and most of us don’t have a ton of money to invest in pricey home remodels. You may be surprised to find out that there are several projects for under $1,000 each that will boost the value of your home. Besides increasing your selling price, these improvements will also help you sell your home faster.
1. Upgrade Your Bathroom – Updating a bathroom to sell your home does not have to be a full gut and remodel. In fact there are a few small things you can do to make your current bathroom more appealing to buyers. If you have out of date 3″x3″ tiles simply replacing those will make a huge difference in the space. If your existing bathtub and pedestal sink are already white they may just need a really good cleaning and to have a new faucet installed. If your bathroom has quirky floor tiles think about what color you could paint the walls to make them pop and look their best. Asking your realtor for an unbiased opinion on the space can help you identify the biggest problems in your bathroom.
2. Kitchen Facelift – A new kitchen would totally break the bank and if you’re thinking of selling soon, you simply don’t have the time necessary to complete the task. However there are ways you can make your kitchen look more appealing to buyers without a huge investment. Evaluate your countertops, if you have old laminate countertops those can be a big turn off for buyers. While stone countertops can be pricey there are options for granite countertops that won’t break the bank. Choosing from the least expensive granite options and choosing the standard edge finish will allow you to update your countertops for under $2,000. Another budget friendly solution for your kitchen is to paint your kitchen cabinets. Give their current outdated wood finish a new look by painting them white and putting on brand new hardware. This low cost project will make a huge impact.
3. Paint – It’s amazing how a fresh coat of neutral paint can bring back the life in a room. Invest some time and money in updating your paint colors to be super buyer friendly.
4. Make Smart Flooring Choices – Today more and more buyers are passing on carpet in favor of wood or high quality laminate flooring. Carpeting is still acceptable in bedrooms but if you are faced with replacing carpet it’s probably time to find a way to bring in wood flooring. In fact, your home may have wood floors underneath that carpeting and the price of refinishing it after removing the carpeting will be well worth it.
5. Look The Part – When professionals list houses for sale they often invest in some type of staging. You can achieve this look as well by renting a storage unit and filling it with everything in your house that you can live without for a few months. This will include some personal items such as framed photos. You want buyers to see themselves in your home, not you. Make your house as neutral as possible and avoid any clutter that can give the impression of a lack of space.
6. Curb Appeal – The biggest mistake sellers make is to ignore the exterior of their home. This is the first thing people see when they drive by and you want it to make a good impression. Fill cracks in your driveway, make sure walkways are clear and take this opportunity to fix a loose shutter or repaint any areas of chipping paint or trim. A tidy outside sets the stage for the inside of your home.
When you are getting ready to sell the last thing you want to do is invest time and money in your current home. However making the effort to do so can make a huge difference in the price you can list your home for and also in the time it will be on the market before you find a buyer.
If you are planning on selling don’t forget to make sure you have a plan in place for your next step. This will include working with a loan officer to obtain a pre-qualification letter so you know what price range you can shop for your new home!