Increase the value of your home with improvements
Although I have commented on things you can do to help your home sell quickly, the Homegain calculator has been able to quantify the top ten home improvements and what will get you the best bang for your buck. It would be interesting to see how they came up with these numbers, but I thought it was interesting and wanted to share a few key ones.
Clean / de-clutter - 973% Average Return on Investment
I completely agree with this one. Eliminating clutter will:
- Make your home look bigger
- Hide anything that potential buyers would find tacky (more on this in staging)
Lighten and brighten - 865% Average Return on Investment
Lightening and brightening your home will help make your home look larger, and are less offensive to a majority of buyers. Opening windows and shades and letting light and breezes into the home will create a more postive aura in the home for potential buyers.
Yard - 426% Average Return on Investment
I completely agree that curb appeal does affect the price of a home. Improving your landscaping and lawn will make you house look more presentable. Remember what they say about first impressions!
Staging - 251% Average Return on Investment
Now that it is a buyers market, sellers need to do things to get an edge on the comparable properties on their block, to stand out.
I think home staging may be a solution. Although you could update all your furniture to help your home sell, its probably the last thing you need to be spending money on at this point, plus why buy furniture if you know you’re going to have to move it soon anyways?
The fact is, although people do try to zone out the furniture and see a room for what it can be, I believe that tacky coffee table has a subconscious effect on potential buyers.
So why not try a home stager? It will place the newest, latest and greatest furniture in your house, and create a better impression of the house.
Paint interior - 148% Average Return on Investment
Now that you are updating via staging, lightening and brightening, and doing the little things to help your home look better, don’t forget to patch up the interior paint jobs and repair small cracks and holes.
