3 Immediate Ways To Dramatically Increase Your Home’s Worth
Every homeowner wants to increase the value of their home. Whether you’re planning to sell your home tomorrow or five years from now, making the most out of your investment is always a financially prudent move.
Here are 3 tried and true techniques to help you get the most out of your home quickly:
Update your front door
A front door is instant equity. It sets the tone for buyers because it’s one of the first things a buyer sees. Good first impressions go a long way. According to Remodling Magazine changing your door is the number one upgrade based on return on investment. Even if you’re not up for splurging on a new solid steel door, painting the door a new en-vogue color can do wonders. Tony Soliz, an appraiser at 911 Resoration says, that small fixes such as these to enhance curb appeal is the best bets for home-sellers to increase value. “A new coat of paint will create a huge uplift in the value of a home, and a better first impression. “I’ve seen tear-downs that increased in value with a simple paint job right before they got demolished,” notes Soliz.
RELATED: Popular Front Door Paint Colors
Hire a seller’s agent with the best list-to-close success
There is a science and an art to pricing homes. And whether its ending your price with a ‘9’ or pricing just under market for multiple bids, a seasoned agent knows the right strategy suitable for your market. Part of determining the effectiveness of your listing agent is comparing their history of sales to the total number of homes they’ve listed. This ‘list to close’ ratio tells you how many homes they’ve successfully sold, meaning they’ve priced them correctly and didn’t get ‘fired’ by their client before the home sold.
Make aesthetic tweaks to your bathroom
Rather than tackling your kitchen, make updates to your bathroom. It’s smaller, and likely will require less work and money out of pocket. To really maximize your dollar, focus on small aesthetic changes – upgrade the light fixture, the vanity mirror, perhaps paint that out-of-date green tile with a fresh new white. Dani Perea of BrightNest notes, that bathroom renovations average a 62% ROI, and even just “re-glazing a tub, rather than getting a brand new one will also save you money and upgrade the look of your bathroom.”
With a few important but quick changes and a great listing agent, you could see a 10% – 20% increase in your home’s sales value.
What techniques have you used to increase your homes worth? Sound off in on the Patrick Parker Realty Facebook or Twitter pages and don’t forget to sign up for the monthly Patrick Parker Realty eNewsletter for more articles like this delivered straight to your inbox.