Even though the South Florida real estate market is hot right now, getting the most out of your home takes more than simply listing it for sale. Sure, you’ll probably receive a variety of offers once your home is on the market, but are you really getting as much money from your sale as possible? In most cases, sellers fail to take advantage of all of the simple home improvements that can collectively add to their home’s value.
If you’re ready to get more money out of selling your home, (and after all, who isn’t?) here are 7 simple upgrades that won’t break the bank, but may bring more buyers and higher offers.
A Fresh Coat of Paint
Ready to revitalize your home but don’t want to spend a ton of time and money? In many cases, a fresh coat of paint is one of the best ways to add value to your property and help it sell quickly.
A lived-in home is bound to have scuffs, scratches, and other blemishes on the walls – especially if you have younger children or you’ve moved furniture in and out. With a couple of coats of quality paint, you’re giving your home a much cleaner, crisper appearance. Just remember to stick with subtle tones like white, beige, or other neutral colors. They usually fit in with the tastes of most potential buyers.
Your home’s curb appeal isn’t just important for getting potential buyers in the door. It’s can also be a big selling point that elevates your listing above the competition. When it comes time to spruce up your yard, think beyond just trimming your bushes and throwing down some new mulch.
Instead, focus on improvements which reduce the amount of work needed to maintain that appealing look in the future. After all, in here in South Florida no one wants to spend too much time time working outside in the hot sun just to keep their property looking good. So buyers will appreciate an attractive yard that’s planned and planted with bushes and shrubs that require little or no maintenance..
Modern Fans & Light Fixtures
If one look at your ceiling fans and lights brings back memories of the 80’s, it may be time for an upgrade. When you’re trying to stay competitive in today’s vibrant real estate market, ageing and out of date fixtures can be a major hold-up.
However, don’t go overboard. Sure you can buy the most expensive or upscale replacements available, but new and updated doesn’t have to cost an arm and a leg. Instead, replace intelligently, just keeping in mind the difference a new, modern ceiling fan can make in rooms that used to look out of date.
Kitchen & Bathroom Upgrades
When you’re trying to sell your home, not all upgrades are going to make sense financially. In most cases, the increase in value will fall short of the amount you’ve put into the improvements – especially when it comes to non-critical repairs. But out of all of the rooms in your house, the two spaces which typically offer the biggest bang for the buck are the kitchen and the bathrooms.
When planning your upgrades, pay the most attention to items which make these rooms come off as old and dated – things like aging appliances, weathered hardware like faucets and cabinet handles, and out-of-style tilework.
Consider a mid-range upgrade, rather than a total redesign of the kitchen. You’ll get bang for the buck and you’ll recoup a larger percentage of the cost than you will for a total redesign.
Swapping Out Worn Carpet
Is your carpet is full of pet stains, food stains, or just plain worn out? If so, it may be time to swap it out. While carpet is widely considered an affordable and attractive floor covering, it lacks the durability and easiness to clean commonly associated with alternatives such as tile or hardwood.
At a very minimum you should look into professional carpet cleaning services. But, if your carpet is old enough to be ready for retirement, you’re probably better off replacing it.
Stop Deferring Maintenance
Spending every day in your home means you’ve probably grown accustomed to all of its minor faults and defects – things like a slightly leaky faucet, squeaky door hinges, and dirty air conditioning vents. Even smaller issues like blown light bulbs may be overlooked if they’re not vital to your day-to-day life.
But to prospective buyers looking at your home for the first time, these tiny problems can quickly add up. So make your listing as move-in ready as possible. Go through each room and closely inspect every square inch for simple fixes that may have otherwise gone unnoticed.
Ask a Professional
Realtors work with buyers and sellers on a daily basis. So we know exactly what buyers expect out of your home – and we also know what your competition has to offer.
Using a realtor gives you access to a wealth of knowledge about the local housing market. You’ll also get excellent suggestions on improvements that may help your home stand out and sell faster.
One final fix-up thought to keep in mind
If you’re not ready to move, but your home needs improvement, don’t wait until you’re ready to sell. Instead, make the changes now, so that you have opportunity to enjoy them. When it’s time to move, the improvements will speak for themselves and may still increase the value of your home.
If you’re thinking about selling or buying a home, please give us a call.