How to Increase the Value of Your Home Before the Sale
Are you thinking of selling your home soon? Then perhaps you are considering increasing its value first.
A house for sale must not only be aesthetically pleasing but must also be safe and fully functional. Sometimes, this means that you will have to make some investments to turn it into the ideal house that someone would love to buy.
Selling your house for the lowest price on the market is definitely not on your agenda. So, to avoid this, you should make your house stand out. Here are some ways suggested by RTA Cabinet Supply to increase the value of your house before you sell it.
Photo by Immo Renovation
Invest Into Proper Flooring
The floor is one of the most important aspects to consider when you want to increase the value of the house. Ideally, you should fix flooring flaws, and if you have any carpets, the best thing to do is replace them with new ones.
“It may seem strange, but the floor is one of the first things that buyers look at upon entering a property,” says Ruby Launder from Local Agent Finder. “People expect their homes’ floors to be contemporary, clean, and stylish. Old, musty carpeting will not do your home any favors. Although hardwood floors are perennially popular and easy to care for, a high-quality carpet can also be quite attractive and create a warm atmosphere.”
Finish Any Unfinished Space
You don’t want to leave unfinished square footage in a house if you intend to sell it. After all, the finished square footage is taken into account when calculating the fair market value of the house.
Now, sure, you may not be exactly happy to spend more funds doing a full makeover but doing the minimum to finish the space can add a lot of value. For instance, you could simply add a carpet to a room or put some drywall.
Declutter and Clean the House
When someone visits their potential future home, they want a space that looks nice and clean. Just think about it: would you purchase a home that looks dirty and cluttered?
This is why you should spend time cleaning the house and decluttering it properly. This can add as much as $4,000 to the home’s average resale value based on a 2019 report from HomeLight.
“While cleaning and decluttering are inexpensive, these tasks still require a lot of work,” says Holly D. Johnson from Bankrate.com. “You can begin by going through cabinets and closets and starting a donation pile. Clean out drawers and other storage areas of your home as well, making sure you’re not keeping anything you don’t need or want.”
Make Updates to the Finishes
The smallest changes to your home can significantly increase its value. For this reason, you should consider updating the finishes of the house. A new coat of paint can make a big difference. Therefore, you should not refrain from making a small investment in this.
According to some experts, the value of a house can increase by about 5% with a fresh coat of paint. Another thing that would help a lot is removing old light fixtures and adding new ones.
Improve the Home’s Efficiency
The more efficient a home is, the more value it will have. While it sounds costly, you do not have to break the bank to improve the efficiency of the house. One thing you can do is install a smart thermostat, as it costs between $150 and $400.
“The right smart thermostat will allow a homeowner to control their home’s climate from anywhere, giving them the power to manage energy costs regardless of whether they are sitting on the couch or away on vacation,” says Scott Ewald from the Trane HVAC company. “Such investments in home tech — particularly when connected to the HVAC, which is the largest mechanical system in the home — provides a strong selling point and highlights the home’s overall comfort, functionality, energy efficiency, and convenience.”
The Bottom Line
Simple things like adding a smart thermostat, updating the finishes, cleaning and decluttering, and investing in the right flooring can boost the house’s value. Follow these tips if you want to sell your house for a good price.
Author: Ruby Sharma
