Selling your home? Home service providers and contractors of all types like to talk a big game about increasing home valuations with pricey improvements, from remodeling a kitchen or bathroom to having a pool or deck installed in your backyard.
The truth is there are very few home improvement projects that have a break-even return on investment. If you’re planning on selling your home in the near future, it’s typically best to avoid any of the common big-ticket home improvement projects.
That doesn’t mean you have to sell your home as is and hope for the best. With some savvy, cost-effective tactics, you can enhance your home’s value without draining your wallet.
Less is more when it comes to home appraisals. Clutter can make your home look smaller and hide its true potential. Tidying up, organizing and minimizing your personal property on display can do wonders during showings or for listing photos. It’s not just about cleanliness; it's about presenting a canvas where buyers can envision their new life.
Never underestimate the power of paint. A fresh coat in neutral tones can make your home feel new. It’s a low-cost way to cover up scuffs and stains and give your space a facelift. Stick with whites, creams or light grays to keep it looking bright and spacious.
Dated or worn fixtures can scream “old!” Swap them out with some modern but inexpensive replacements. Think doorknobs, light fixtures, cabinet handles, etc. Even small, affordable changes can have a big impact.
First impressions count. Mow the lawn, trim the hedges and add a splash of color with some budget-friendly perennials. A welcoming front door can also add a surprisingly substantial bump in value. Sometimes, a good cleaning or a new mailbox can be all it takes to create a great first impression.
This might be the best return on investment you’ll ever get. A deep clean can make your home sparkle and feel well-maintained. Don’t forget windows, carpets and those often-neglected baseboards.
Small, energy-efficient upgrades can be a selling point. LED lights, a programmable thermostat or even just sealing drafts around doors and windows can show buyers that this is a home that will save them money in the long run.
Flooring can be a deal-breaker for buyers. If you’re considering replacement before selling your home, you don’t have to jump straight to hardwood or stone tile. In fact, those are exactly the types of high-priced improvements you should avoid. There are currently affordable luxury vinyl tile and plank solutions that authentically mimic the appearance of natural materials, allowing you to get the elegant aesthetic at a fraction of the price.
Flooring replacement is a grey area when it comes to selling your home. Really bad flooring can have a negative impact on your ability to sell quickly and for a good price, but replacing it can be a significant expense with a negative ROI. If at all possible, try to make your current floors shine instead of investing in a whole home reflooring project.
Highlight your home’s best features. If you have a fireplace, make it the focal point. Beautiful views? Make sure they’re unobstructed. Unique architecture? Don’t crowd it with furniture.
In the era of technology, a few smart home features can be a big draw. Simple additions like smart locks, doorbells or thermostats can be a low-cost way to impress.
Sometimes, it’s those little extra touches that charm home shoppers and appraisers. Offering reports of recent repairs or maintenance can make your home seem like a safer bet, which can translate into a higher offer.
Keep a record of all the improvements you’ve made. This paper trail can prove that you’ve invested in the home and justify a higher price.
You don’t need to spend big to get a return on your home appraisal. Small, strategic investments in your home’s appearance and function can make a large impact on its perceived value. With a bit of elbow grease and creativity, you can ensure your home’s appraisal reflects its true worth.
Not sure what low-cost improvements you can make to increase your home’s sale price? The real estate experts at 72SOLD can help. We’ve made maximizing the speed and value of home sale offers an art.
Let our team ensure your home’s value shines through from listing to closing. With our guidance, your pre-appraisal efforts can help secure the sale price your home deserves.
7333 E. Doubletree Ranch Rd.
Suite 100
Scottsdale, AZ 85258
844-990-7272
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