A home can be a great investment, especially if it’s well-cared for. When and if you decide to sell, you can walk away with more money in your pocket than what you paid. That is, of course, if you go about it the right way.
So, when it comes time to sell your home, look for ways you can enhance the resale value. And, just in case you’re not sure, we have a few ideas.
1. Swap Out Dated Appliances
Even if the appliances in your home work perfectly, a prospective buyer doesn’t want to use a stove that looks like it belongs in the era of shag carpeting. Consider swapping out your old appliances for new ones. For instance, stainless steel versions are extremely popular and will really make your kitchen sparkle. To really increase the value, think about including smart appliances – especially when it comes to a new refrigerator or oven.
Don’t worry If you can’t afford all-new everything. Even a small update, such as swapping out an old faucet and sink for a stainless steel version, can make a major difference in the perceived value of a home.
2. Boost Your Curb Appeal
Good landscaping is one of the most important parts of selling a home as it’s the first thing prospective buyers see. Make it look stunning on the outside, and the buyer will be more accepting of whatever they see inside – good or bad.
The best part is, this is easy! Ensure your lawn is in great shape and fill the flowerbeds with lots of coloured flowers (or add pots of flowers). If possible, include other outdoor decor such as a bistro set on the porch and/or decorative wreath on the front door. You don’t need to invest a lot of money to get a huge increase in value. Despite this, curb appeal is one of the most-overlooked parts of selling a home, so make sure you take full advantage of it.
3. Renovate The Bathroom
The bathrooms are the smallest rooms in the home, but they’re always important to a potential home buyer. Bathroom renovations can get pricey, but they’ll also deliver a return on your investment when it comes time to sell. Whatever you spend on the bathroom will come back to you in the overall price.
A few major changes you might consider is installing heated floors, better overhead lighting, and (wherever possible) a new bathtub. Replacing the standard ensuite tub with something like a claw-foot bathtub can upgrade the elegance of the bathroom and allows you to charge a higher price.
4. Give Everything a Fresh Coat of Paint
Paint is inexpensive. The main investment will be your time, but it pays to paint your home before you try to sell. If you take the time to repaint the exterior, it adds to the curb appeal. Repainting the interior changes the look and feel of a room, and makes your home look fresher. For example, soft hues in the kitchen make it an inviting place to drink coffee in the morning as you wake up.
A single, bold colour on one wall in the living room provides an accent to the overall space that can be used to bring the whole room together. Even if the buyer changes the paint colour, the work you put in helps them see how interesting the room can really be!
5. Fix the Flooring
Hardwood floors are a huge selling point, but damage can detract from the look. Invest in repairs to the floors, and then give them a coat of polish to make them shine like they’re brand-new. If there are scratches, do what you can to buff them out.
When it comes to carpeting, make sure there are no stains or tears. If you find any, do what you can to repair them – or replace them if repairs won’t work. If that is beyond your budget, a well-placed rug can provide the same effect at minimal cost.
6. Invest in Smart Home Technology
Buyers are more and more interested in smart home technology. Devices like door locks that react to your smartphone, smart lighting, and AI assistants like Google Home and Nest cameras can all help increase the sale value of your home. This technology makes your home feel significantly more modern and provides an array of convenience to the buyer.
Best of all, the increase in value is significant compared to the cost of installing these devices. Standard smart home technology can be installed in your home for just a few hundred dollars but adds more to the overall price.
7. Think Like a Buyer
Forget that you live in your home for a few moments. Take a notebook with you and start at the driveway. Walk through the entire property with a critical eye for any problems. Think like a buyer would. Note anything that seems out of place or less than perfect. Even small issues, like a walkway or broken mailbox are worth bringing up. After you’ve finished your tour, take a look at your notebook and make adjustments as best as you can.
Any issues you see that can be fixed should be fixed. If you noticed them, you can be sure a prospective buyer will too.
When it comes time to sell your home, no renovation big or small will go unrewarded. Take the time to make repairs and upgrades all throughout your home. You’ll even want to consider moving your furniture around to give it a better flow and removing personal items so buyers are better able to picture themselves living there. Remember, even the slightest efforts are sure to pay off in the long run.