- Home improvements before selling can increase its value by up to 7%, making it more attractive and desirable than other properties.
- Home staging is essential for creating an emotional connection with potential buyers and emphasizing the home’s features.
- Curb appeal improvements, such as landscaping, exterior painting, and updating windows/doors, are vital in increasing a home’s value.
- Installing new light fixtures and making energy efficiency upgrades can make a property look more luxurious and save on utility bills for future owners.
When selling a residential property, improving its value cannot be understated. A higher sale price ultimately means more money for the seller. With that in mind, here are some reasons why it is essential to improve a home’s value before selling:
According to the National Association of Realtors (NAR), homes that receive improvements before being put on the market can increase their overall sale price by up to 7%. This is due to buyers being willing to pay more for desired or desired features. In addition, improvements or upgrades can make a home look more attractive and desirable compared to other homes in the area, thus increasing its overall value even further.
Finally, improving a home’s value before selling can also have long-term benefits. Not only does this increase one’s chances of getting more money now, but it also increases the likelihood of having better resale value later on down the road should they ever decide to list their property again at another date. Additionally, remodeling certain home parts, such as bathrooms and kitchens, can add additional resale value since these two rooms are usually what potential buyers look at when viewing a house for purchase.
However, you might not know how to improve your property’s value. Here are a few tips to consider:
Home Staging
Home staging is essential in increasing a home’s value before selling. It involves strategically arranging and decorating the property to make it appear as appealing and desirable as possible. Home staging can help create an emotional connection between potential buyers and the property, leading to more offers and higher sale prices.
When staging a home, it is essential to emphasize its features rather than cluttering it with personal items or excessive decorations. Homeowners should also ensure that their furniture, artwork, and other items are arranged so buyers can easily visualize how they would use the space. Focusing on making repairs and minor updates before staging can also help improve a home’s overall value.
A homeowner can stage their own house without having to hire a professional. First, they should take the time to declutter and clean all areas of their home thoroughly. After this, they should optimize natural light sources by opening curtains or blinds throughout the day for maximum visibility. Finally, they should start arranging furniture, artwork, rugs, plants, etc., in each room to make them look aesthetically pleasing while highlighting any desirable features that may be present within them.
Curb Appeal Improvements
Improving curb appeal can make a significant impact on the value of a home before it is sold. Curb appeal is the aesthetic attractiveness of a property. Having good curb appeal can create an inviting atmosphere for potential buyers and increase the overall value of a property. Here are a few examples of how curb appeal improvements can improve the home:
Landscaping
Landscaping is one way to improve curb appeal and add value to a home. Adding plants, flowers, and trees to the yard creates an attractive and inviting atmosphere that potential buyers will be drawn to. Planting shrubs around borders or fences adds texture to a home’s exterior, making it appear more lush and well-maintained. Additionally, stone walkways or pathways can give off a luxurious vibe and add depth to the landscape.
Exterior Paint
Painting a home’s exterior is another excellent way to increase its value before selling. A fresh coat of paint can make any property appear crisp and clean while adding color and texture to its exteriors. Painting is usually an inexpensive improvement that goes a long way in improving both curb appeal and overall value when done correctly. Paints with lighter colors make homes seem more significant, while darker shades bring out architectural details better than lighter colors.
Updating Windows & Doors
Replacing old windows or doors with newer ones improves a home’s overall appearance and increases energy efficiency significantly. Installing new windows helps reduce energy costs while providing better insulation for homeowners and potential buyers interested in purchasing the property later on down the road. Furthermore, updating doors with higher quality materials such as wood or aluminum can help boost security and the resale value of any given residential property.
Light Fixtures
Installing new light fixtures adds visual interest and makes properties look more luxurious without too much effort or cost incurred by sellers before listing their properties. Replacing outdoor lighting with newer fixtures with motion sensors or timers can also add convenience and safety to any home and its overall value.
Energy Efficiency Upgrades
Making energy efficiency upgrades to a home is also essential in increasing its overall value and making it more attractive to potential buyers. An energy-efficient home can save homeowners money on utility bills while creating a comfortable living space for buyers interested in purchasing the property.
Homeowners should consider hiring a professional consumer’s energy home evaluation service to assess their property and identify improvement areas. This can help them formulate an effective plan of action that will ultimately enhance the resale value of their residential property.
Final Thoughts
Improving a home’s value before selling is essential for sellers to increase their overall sale price and receive more money from the transaction. Home staging, curb appeal improvements, updating windows and doors, installing new light fixtures, and making energy efficiency upgrades are all great ways to enhance the resale value of a residential property before listing it on the market. With that in mind, consider these tips when preparing your home for sale.
