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The Best Tips
Many homeowners know when they buy a house that they won’t be there forever; some couples plan to have kids and are prepared to move up to a bigger home in a few years, while others are certain that they’ll need to downsize a little later down the road. Still, others make a business of buying homes, fixing them up, and selling them for a profit. Whatever your plans are for the future, it’s important to keep in mind your home will depreciate over time and that there are things you can do to increase the resale value when you’re ready to sell.
Some changes will be bigger than others. Depending on how old your home is, there may be many updates necessary before you can put it on the market. Others will be smaller in scope, such as adding curb appeal or making home modifications to keep it accessible to everyone. There are projects for every budget, but planning ahead of time is key.
Here are a few tips on how to increase the resale value of your home.
Have It Inspected
Before you make any changes to your home, have it inspected by a pro who can tell you for sure whether your hot water heater is about to blow or what to do about the weathering of your siding. Inspections are relatively inexpensive in relation to the money they can save you in repairs down the road, so don’t hesitate to call in a pro before you start a renovation project. This is especially important if you’re flipping a home.
Rip Up That Carpet
Because carpet gets blamed for all sorts of allergy issues, pet dander and hair, and odors, it’s a good idea to just rip it up and make the floors look shiny and new. In older homes, there’s often hardwood hiding underneath that’s salvageable, or you can lay down laminate for a very good price. Taking out the carpet will not only increase the resale value, it will make the home more attractive to senior buyers who are looking for a house that makes mobility easy. You’ll want to make sure you have the right tools if you’re doing this yourself, such as a miter saw, a nail gun, and a cordless drill. Click here for a great guide on DIY tools.
Curb Appeal Is Key
Every home needs curb appeal: that look that makes people stop and appreciate it from the street, the thing that makes neighbors a little envious. If you’re on a budget, you don’t have to go overboard; painting the front door and mailbox, making use of colorful hanging baskets of flowers, and tidying the landscaping can go a long way toward making your home look attractive.
Most realtors will tell you that the bathroom and kitchen are the first two things a buyer will look at in a home, and if they aren’t updated, it can have a negative effect on the sale. These rooms should be safe, easily accessible, and have updated fixtures and lighting at the very least. You can also update the countertops and cabinets and create more storage. These projects can be DIY, but they also tend to be pricier than many other home renovation projects, so set a budget and do your research before you dig in. Also, call a plumber and electrician to do the hard work; these are, as a general rule, not DIY.
Getting the most out of your home when it’s time to sell is important, so work closely with your realtor to make sure your resale value is everything you want it to be. Do your homework before getting started so you won’t be taken by surprise down the road, as there’s nothing worse than realizing you don’t have enough materials or money.
Article provided by Ray Flynn from DIYGuys.net.