What affects the sale of your home? Do you have a broken garbage disposal or leaky faucet? Forgetting to handle these quick fixes can cost you a fair sale or even a potential buyer. Although open floor plans, lighting, and curb appeal are a few selling points that modern day home buyers are on the lookout for, upgrades or replacements in your home will not only attract more buyers but can potentially boost the overall value. Reviewing and implementing these few tips can take you out of the “no way” zone to the I can’t get into that home fast enough” zone.
Open Floor Plan
“Right now buyers want a wide open floor plan which features the living room right off the kitchen. They are into big spaces,” says Kristin Wellins, Senior Manager of Program Development for ERA Real Estate, in an article titled “Brokers Tell All: 10 Ways to Boost House Value” published on Paul Davis Restoration & Remodeling’s website. Knocking down a non-structural wall, or removing an island can make a huge difference. Opening up a space will create a flow in the house and generate a response from buyers who can afford to be choosy.
Handle the Landscaping
Simple landscaping tasks like untangling branches and trimming bushes will contribute to great curb appeal. According to landscape guru, Bob Villa, landscaping can net up to a 20% return on investment. Evaluate your investment in landscaping based on current market activity and value. For a good landscaping ROI, invest no more than 5-10% of the home’s value, and try to update the landscaping at least five years before you intend to sell.
Let There be Lighting
Change the entire outlook of your spaces by adjusting the lighting. From changing bulbs to adding a dimmer switch to framing windows with attractive curtains, lighting improvements significantly enhance a home’s appeal. In addition to sprucing up the lighting, make sure that lights and windows are all in working order. Clean windows, fix broken ones, and test to be sure all windows can open. Even if nothing else is wrong with the home, buyers get uneasy when things don’t seem to be in clean, working order.
If the exterior of your house is in need of a facelift, move to the back or sides of a house. Building a deck or adding a covered porch will help sellers to visualize more living space. In an article titled, “10 Tips to Increase Your Home’s Value” on the HGTV website, it’s advised to accentuate features that stand out. Trim hedges, clean up the flower beds, repaint the garage door, etc. Add lighting and landscaping where it is needed to make the outside of your home as nice as the inside.
Trim outdoor bushes surrounding the home, power wash the driveway, and repaint the front door. In the article on Paul Davis’ site, ERA’s Kristin Willens says, “Don’t underestimate the power of a front door. People make up their minds in the first seven seconds of entering a house.”
Handle Care and Maintenance
Complete small maintenance issues before taking on larger projects. Replace rusty rain gutters, inspect the furnace and septic system, weed the flower beds, and insulate the attic. These kinds of fixes go a long way toward value. Even though these maintenance items don’t seem to count for much because they aren’t as visual as say, a new coat of paint, they go a long way and can add a substantial amount to your negotiating power when selling.
Update the Flooring
Floors take a lot of abuse over the years, which is why 94% of realtors recommend sellers update flooring (especially in high-traffic areas of the home). New floors don’t have to break the bank; look for sustainable flooring solutions that cover your home’s square footage that’s on clearance that has broad appeal. Avoid updating flooring (or anything else for that matter) that’s too custom.
New floors along with all of the other attention to detail you’ve paid your home will impress buyers and will almost guarantee an offer that puts a smile on your face.
Ready to put your house on the market? Melissa Clements has the guidance and tools you need to sell your home. Contact her today and get ready to sell!