Increase Your Resale Value
In order to increase the resale value of your home, there are a few things you need to know before you put your property on the market. These suggestions will help ensure that the sale of your home is a successful and rewarding experience. In addition, you will be able to reap maximum profits and get top dollar for your home.
1. External Home Improvements:
Care and condition are two basic elements that can make or break your home's resale value. The upkeep of your home is crucial to property values. Keeping these things in mind will help guarantee a lucrative resell.
Landscaping your Lot:
- Giving property a professional makeover can dramatically increase curb appeal.
- Beautifying your lawn includes basic trimming, edging and manicuring existing foliage.
- Remove or add trees, shrubs or flowers to increase the look of your home.
Make Cosmetic Repairs:
- Apply paint to dull, cracked or worn areas of the home.
- Remove plants that hinder light from penetrating through the home.
- Add new double-paned windows.
- Reappoint your chimney as needed.
- Reinforce roof if necessary.
2. Internal Home Improvements:
Whether you are preparing to make additions, upgrades or make a clean sweep, it is important to remember that essential home improvements on the inside of your home often produce high returns on your investment.
Give Your Home a Physical:
- Fix leads and squeaks on door knobs, door hinges and cabinets.
- Improve interior decorating and designing.
- Apply paint to chipped or faded areas.
- Remold cracks.
Remodeling Makeovers:
- The most popular room to renovate is the kitchen, and according to Remodeling Magazine it is known to produce the highest return on your investment.
- Trendy kitchen alterations include adding dual sinks, modern cooking appliances, under-cabinet lighting, wine coolers and contemporary dishwashers.
- Upgrade bathrooms by adding skylights, glass block windows, whirlpool baths and ceiling fans.
- Redo old flooring.
- Update cabinetry, showers, tubs, sinks and toilets.
Recommended Renovations:
- Install new carpeting.
- Refresh wood flooring.
- Redo any dingy tile surfaces.
3. Overall Adjustments:
Creating extra space can considerably increase the worth of your home. With a few simple adjustments to the general appearance of your home, you can avoid the expenses of costly renovations.
With some minor organizational adjustments, you will be well on your way to a cleaner, more spacious home. It is also important to note that going overboard with improvement projects on your home can exceed the current average market value of homes in your community. In order to avoid pricing yourself out of the market, these considerations will help you obtain a competitive pricing edge.
Obtain the Services of a REALTOR®
- Experienced professionals will help you stay current with finance options, home equity lines of credit and current interest rates.
Get a Comparative Market Analysis (CMA)
- Getting a CMA will help you accurately determine the market value of your home.
- A CMA will help you price your home competitively.
- Contact your REALTOR® to find out how you can qualify for a CMA.
With all that you have invested in your home, you deserve to get the best return possible on your home. Even small steps towards increasing your resale value can have big benefits.
Angela Whipple
Advantage Realty and
Marketing Group LLC
4419 Myers Park Drive
Durham, NC 27705
| Office: | 919.306.1868 |
| Fax: | 919.287.2729 |
