Surefire Strategies for Boosting the Resale Value of Your Home
The Consumer Reports National Research Center estimates that more than five million home will be sold in 2017. If this is the year you’ve decided to sell your property, expect a healthy dose of competition. Sellers navigate competitive markets in a variety of ways; some reduce their asking price to make their home a value-buy, but there are additional routes you can take that will help you improve your home’s value.
Remember, the point is not to make your home the cheapest option on the block just to attract more prospective buyers; it’s to show your buyers that they’ll get the most bang for their buck by purchasing your property. A full-scale renovation is always a tried-and-true method to achieve this, but even something as small as a few interior design alterations can yield comparable benefits.
To help you navigate all the possibilities, here are some reliable strategies for improving your home’s value and negotiating the highest closing price possible.
Opt for Small, Savvy Kitchen and Bathroom Updates Instead of a Complete Overhaul
Kitchens and bathrooms often leave the strongest impressions on buyers, but that doesn’t mean you have to hire a bathroom or kitchen remodeling company for a large-scale renovation if your space isn’t completely cutting-edge. The key is investing in fixtures and furniture that have a striking design and clear functional benefit—without carrying too much of your own personal aesthetic preferences. Buyers prefer that their new homes be blank canvases, where they have full control over the interior décor.
The key is not to overthink these updates; even something as simple as a fresh paint job with a neutral color will give your home the look of a younger, well-kempt property without being aesthetically alienating.
Invest in Stainless Steel Appliances to Give Your Home a Modern Look
Sometimes, a large-scale home overhaul is unavoidable, especially if your property’s most crucial appliances are depreciating or not up to code. Swapping your old water heater with a stainless-steel equivalent or installing a new fixture like a sleek dishwasher will not only boost the overall functionality of your home; it will also give your interior a more contemporary look. Purchasing a new home is a costly life investment, so above all else, buyers want a place with longevity and style. Few things do as good of a job leaving that impression as stainless steel appliances.
Don't Make a Huge Down Payment on a Fixer-Upper
If you’re looking to rehab a fixer-upper and resell it in a few years, resist plunking down a huge down payment on the property. Instead, reserve a portion of that would-be lump sum and invest it into renovations that will immediately improve your home’s value, like installing energy-efficient windows or a contemporary metal roof. The alternative is being forced to aggressively pay off a loan for a home that may not appreciate as much as you initially anticipated. Plus, if your fixer-upper has a lot of chronic maintenance concerns, you may get locked into a renovation loop, where any new remodeling capital you have must immediately go back into fixtures or appliances you’ve already repaired.
Have Your Home Inspected Before Listing It
Nothing greases the wheels of a home transaction like a streamlined process, and home inspection—while a crucial part of that process—can lead to a lot of scheduling issues and general confusion since it’s recommended that the buying party, selling party and their respective agents attend the inspection. It’s easy to see how coordinating that many schedules can become hectic. Your prospective buyers will have a lot to juggle, especially if is their first time navigating the home buying process, so having a certified, detailed home inspection report that you can provide at the outset will alleviate a lot of buyer anxiety.
There are countless other ways to increase your home’s resale value, but they should all be centered around one objective: making your prospective buyers feel comfortable with the current state of your home, as well as its long-term structural integrity. Full-scale renovations are a common—and costly—course of action for sellers looking to do just that, but it’s, by no means, the end-all-be-all solution. Before you put your home on the market, make sure to honestly assess your property’s needs and make small or large changes accordingly.
Similar Articles
Enhance productivity and privacy by transforming your workspace with a soundproof phone booth—ideal for calls, focus, and modern office needs.
As families grow, the need for more space becomes inevitable. Deciding whether to renovate your current home or relocate to a larger one involves careful consideration of financial and logistical factors
Painting a house sounds simple. Pick a color, grab a brush, and go. But one big step often gets skipped. That step? Pressure washing.
Freshen up your space fast with easy home decor swaps—pillows, lighting, rugs, and more. Big impact, low cost, no renovations required.
Enhance safety, curb appeal, and energy savings with motion-sensor solar stair lights. Illuminate steps instantly, deter intruders, and enjoy easy, durable installation.
Blocked drains are a hassle no one wants to deal with. But with a bit of routine care and a few simple habits, you can avoid most drainage issues before they begin.
In big buildings where every inch matters, solving space problems isn’t always about making things smaller. Sometimes, it’s about designing smarter.
A shed is meant to be a strong, useful space—somewhere to keep tools, bikes, garden gear, and all the things that don’t belong in the house.
When it comes to increasing your house’s diminishing attraction, it’s frequently the small details that make the largest impact. Whether you are making ready to promote your home, awaiting guests, or absolutely want to be pleased with your own home's look, the outdoors of your own home sets the primary impact.