What’s My Property Worth?
If you’re thinking about prepping your home for sale — or have already decided to sell — it’s important to have a good sense of what your home is worth in today’s market. Home values change all the time. Real estate markets fluctuate and many factors can increase or decrease your home’s worth.
“Your home is really only worth what someone will pay.”
Top 10 Ways to Increase the Value of your Home
1. ORGANIZE, CLEAN AND DE-CLUTTER
For around $400 you can hire a professional cleaning service to clean your entire home. Also de-clutter your rooms and make them look like they have more space, which is a big selling point for buyers. Either sell your stuff, give it away, or put it in storage.
2. LIGHT UP THE HOUSE
Spending as little as $100-400 on new lighting fixtures can lighten up your home’s best features.
If you can invest $1500 in lighting around your house you can return an average profit of $7800, giving your home value a boost of over $9000. Go future-proof with Internet of Things devices that you can control with your smartphone.
3. MAINTENANCE AND INSPECTION
For as little as $100 an hour you can bring in a local designer to give you tips and suggestions to make small changes to help increase your home’s value.
4. LANDSCAPING IS THE FIRST IMPRESSION
Increase your curb appeal by cleaning up your yard and plants. If unkept, it gives a perception to buyers that the rest of the house is just as unkept, and can block sunlight, your views, and allows mold to grow.
5. UPDATE FLOORING
Consider either shampooing or replacing your carpets, adding hardwood floors, or repairing your floors.
6. FRESH PAINT
Paint not only the walls but also the baseboards and trim with a neutral color. Doing it yourself will save money, but you can hire a painter to get it done quicker and professionally.
Putting in $2000 on fresh paint for the whole house can result in a $3000 profit, adding about $5000 to your home’s value.
7. UPGRADE YOUR ROOF
Without having to replace your roof (which can cost up to $12,000), you can simply add a cupola which adds elegance and curb appeal to any home.
8. PAINT THE EXTERIOR
Anything to help add to your curb appeal is worth investing in, so power-wash and paint the outside of your house for added value.
9. KITCHEN AND BATHROOM REMODELING
Paint your cabinetry instead of replacing it. An updated kitchen and bathroom with stainless steel fixtures, replacing countertops, adding fresh paint, new hardware for the cabinets and lighting can add an extra $2,000-3,000 to your home.
A simple $500 investment can help increase your value just by doing small tasks:
- Removing rust stains
- Applying new caulk
- Updating knobs and pulls
- Replacing faucets
Adding a half bath to your home can add up to 10% to your home’s value, and a full bath adds about 20%.
10. HIGH-QUALITY PICTURES OF YOUR HOME
With all the work you put into your house, don’t forget to use high-resolution images to post online. 90% of buyers start by looking on the internet, so if you don’t have high-quality images or enough photos, then you will get less interest from potential buyers.
Sources: http://www.hgtv.com/remodel/interior-remodel/30-tips-for-increasing-your-homes-value; http://www.realestate.com/advice/10-best-home-improvements/
Everything varies based on the location of your house, your current value and the fluctuation of pricing in the real estate industry.
Contact Miedema Realty today for a free consultation. Call (616) 538-4800!