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What are some effective ways to increase the value of your home before selling?

Asked by Trulia, San Francisco, CA Fri Mar 2, 2012

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There are so many little and big things to do to a home/property to increase value. Depending on the estimated current value, a home seller will want to put together a strategy and budget for any repairs or upgrades. Select only the important and most beneficial work to be done within the budget.

Some of the smaller things to do to a home that aren't very expensive include clearing up any/all violations or issues that a home inspector may find. Patching drywall, painting, replacing a few cracked tiles or putting in new grout, adding new hardware in a bath or kitchen, installing ceiling fans or new lighting fixtures, painting a deck or power washing siding/concrete. Each home owner and home are unique and each budget will vary. Sometimes buyers are more willing to make a move on a home that they don't have to put money into right away but know it will need cosmetic upgrading down the road. Naturally, large updates like flooring, roofing, windows, basement refinishing, kitchens and bathrooms are the ultimate increases, but they are also costly.

Often times a home can actually appeal to more buyers just by being shown in the best light. Extremely clean, lightly staged, clutter free and showing all potential space. Removing blinds or heavy drapes to make rooms bright also add a feeling of more space and happiness. A home that someone can imagine themselves in is a home that will sell.
Web Reference: http://www.YouShouldOwn.com
1 vote Thank Flag Link Fri Mar 2, 2012
Curb appeal. Start looking at your house from the buyers prospective.Have it market ready for showings.
Right size your furnishings, A king size bed in a queen size room makes the house seem small.
Rent a storage contained and move out all furnishings that do not fit.
1 vote Thank Flag Link Fri Mar 2, 2012
There are many ways to do this. And, it SHOULD be explored and done before you put the home on the market. These days, the home that has been staged wins the race. It's just that simple. Try to pretend you are a buyer...stand in front of your home...what do you see? (try to be objective!). Any time a Realtor and buyers are standing on your door step, and Realtor is opening the door (first the lock box, key)...about 2 minutes worth of time, the buyers are intently studying the front of your home...are your concrete steps cracked, or need tuckpointing? Does your front door need re-painted? How about the door frames, shutters? How's the landscaping (over grown? or flowers and flowering colorful?) Put pots of flowers at front door. Make sure the exterior is immaculate. You only get one chance with a buyer The interior - A whole host of items to look at and determine what to do prior to listing/marketing. The single most important is to clean clutter....get rid of everything...most of your family photos (buyers look at these...and then don't see the house!), you can pack boxes and store them (in attic, in basement, or rent at storage room) - people understand moving boxes. They automatically don't like clutter, and it makes it difficult for them to focus on the house; paint the entire interior if it hasn't been done in awhile (freshly updated works), wash windows...let light shine in... take out large, unwieldy furniture...simplify....minimalist is what you want. How's the carpeting? If not good, take it out; if you have hardwood flooring then make it look good. Sometimes this means refinishing. I have a booklet, "90 Ways to Selling your Home" if you would like it. It sounds as if I am telling you to spend a lot of money. But, painting the entire interior gets you more money in an offer...and subtracts money off an offer when a buyer thinks THEY have to do it. (And, inevitably, the OVER estimate that price) Watch HGTV...those people can spend $2,000 and the house sells in a heartbeat. For more money! New shrubs, etc., a cost $50 today, and return an investment well over 200% on resale. There is so much more....I just cannot tell you everything. You need someone experienced in this walking through your home and telling you these things. Many times I hire a "stager" for a listing. Homes sell faster, and for a higher price when staged. Fact. Not a guess! Contact me if you like. Good luck! Go to my website .....By the way, good question, and glad you are thinking along these lines. Your Realtor....or you as FSBO...have one goal. SELL THE HOUSE! Do whatever it takes.
1 vote Thank Flag Link Fri Mar 2, 2012
Thanks, you guys! Appreciate it! Yes...agreed....baths and ktichens! Most important!
0 votes Thank Flag Link Fri Mar 2, 2012
Very good information from Tari. The rooms that sell a home start at the Kitchen and bathrooms. Update these and you have a real good start. Conversely, if they are dated or in poor condtion, any offer will refect this and will not be good. Or call a realtor to do a survey of your home so they can be more specific to your home.

Good Luck,
David Toth
The Toth Team
36 years combined experience!
0 votes Thank Flag Link Fri Mar 2, 2012
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