January 31, 2017
Boost the Value of your Home this Winter
When considering listing your home for sale, homeowners want to know what upgrades will give them the best return on their dollar. It can be very expensive and time consuming to do all the necessary upgrades to your home. This is why as a real estate agent it is important to be able to give your sellers current information on which renovations are worth the time and money to get market or above market price and to get real potential buyers in the door. Here are five ways to boost the value of your home this winter season.
Update the bathroom
This is one of the most highly desired updates by homebuyers. Updating your bathroom does not need to be expensive and you do not have to do a full bath remodel. Some ways to update without huge costs include: updated fixtures, new vanity countertop, replace toilet with a low-flush model, new mirror, updated towel bars, new paint, and freshen the grout and/or caulking.
The trend is green
We are not talking color. Environmentally-friendly options are popular right now. Update heating/air conditioning units that are old with energy efficient ones. Consider replacing any appliances and/or windows that are old with new energy saving ones.
With snow and extremely cold winter weather, winter time is not the season to be updating your landscaping. However, now is the perfect time to plan your spring landscape updates. The outside of your home and your landscaping is the first thing potential buyers see. Make sure to prune overgrown trees/shrubs, keep grass trim, flowers in pots, and a new/updated front door are all perfect ways to make a stunning first impression of your home. If you currently have your home listed or you are planning on placing your home on the market this season keep your driveway and sidewalks clear of snow and ice, keep outside lights on in the dark evening hours and add a couple of winter spruce pots on your step to add winter décor and make the entrance to your home feel welcoming.
Keep it simple, keep it neutral. Painting is an inexpensive way to update your home. Fix and patch any blemishes in your walls and add a fresh coat of a modern, neutral paint to make your home updated.
Peeling linoleum, cracks in front steps, outdated light fixtures, carpet stains, etc. These all stand out and do not leave the best impression on potential buyers. The positive news is that all of these things are simple and inexpensive fixes/updates. Always keep in mind what kind of lasting impression you want potential buyers to have when walking through your home.
These are all great ways to attract buyers and stand out among other home sellers in your home’s price range. All of these are ways to upgrade your home adding value and keeping it cost-effective. As a real estate agent, being on the journey with your sellers can build a closer relationship. Having the knowledge on how your clients can cost-effectively add value to their home is a positive addition to other credentials that are important to have as an agent.