Seven Things that Improve the Market Value of Your Home
Increasing the value of your home doesn’t have to involve large outlays of cash, especially when you’re willing to put in a little sweat equity. Whether you’re planning to sell or just want to improve your current home, read on to find out what you can do to add value to your property for as little as a few dollars.
Switch plates, outlet covers, curtain rods, light fixtures, cabinet pulls, and doorknobs are often overlooked, but a few bucks can provide a fresh update to any room.
Clean Fireplace Brick and Stone
Because an attractive fireplace can be a major selling point in a home, you’ll want to make yours look as nice as possible. Simply use a damp rag to wipe away some of the soot, then follow up with a fireplace cleaner designed to remove creosote.
Install a New Front Door
Drive through your favorite neighborhoods and take note of front door styles that appeal to you. Doors are available at a variety of price points; those with character will improve your home’s curb appeal.
Big-ticket landscaping items such as mature trees can not only boost the value of your home but of the neighborhood. Want to boost the value of your home up to 28 percent overnight? Beef up the landscaping in front of your house. Big-ticket landscaping items — mature trees, well-formed shrubs, and a green lawn — can increase the value of your home up to 28 percent and decrease the time it sits on the housing market by 10 to 15 percent, says landscape economist John Harris.
Replace or Stain Fence
If you’re trying to sell a house, the appearance of a fence adds value to the home overall. Buyers with children or pets will appreciate the privacy and security of an enclosed backyard.
It’s important to be able to identify the things that increase the value of a home. Here are 7 features that can add value to your home:
The Seven Important Value
1. An updated kitchen. “Kitchens are critical,” says Robert Irwin, author of “Home Buyer’s Checklist.” “Today, people like a big kitchen with a lot of workspace.” They look for solid surface counters and high-quality flooring, such as wood, laminate, tile or stone. And they want newer appliances in working order. And it doesn’t hurt if it opens onto another room. “A lot of families are looking for that openness,”
2. Modern bathrooms. Buyers are looking for “master baths that give a little room to roam with big asset: spa or whirlpool tubs.” Some other features buyers are seeking: separate showers with steam and/or multiple jets, double sink, separate room for the toilet. And make sure the plumbing and hot water heater can handle the job. The pipes have to be large enough to carry an adequate volume of water and the hot water heater has to be big enough to accommodate it.
3. A well-appointed master suite. The wish list: a luxurious bathroom, lounging areas and walk-in closets.
4. Natural materials. “People like natural materials: ceramic tile, hardwood floors, granite. We’ve gone back to a real appreciation for historically true materials. Simulated works as well. The look is very popular.”
5. Curb appeal. “A good first appearance on a home can add as much as 5 percent to 10 percent to the value of the home,” says John Aust, president of the National Association of Real Estate Appraisers. ”
6. Landscaping. Mature trees “are worth $1,000.” Having outdoor spaces with touches such as pergolas and Victorian garden, also add value.
7. Lots of storage. Nothing beats an oversized garage, some attic space and plenty of closets.
Upgrading your home doesn’t have to be expensive or difficult. There are a variety of projects for all price ranges and all levels of skill and enthusiasm that can improve your home’s value — whether to future buyers or, perhaps more importantly, to you. Contact me, your premier real estate professional for a free consultation.