Five fixes that can raise a home’s value
STAMFORD, Conn. – Sept. 8, 2016 – For homeowners looking to spruce up their home before listing it, there’s plenty they can do to attract more buyers and potentially boost the value of their home too.
Veteran real estate professionals recently weighed in at This Old House on some of the best home improvement projects they believe can help a home show better. Here are a few of their ideas:
1. Open up the space.
Create more space, whether that’s even removing a kitchen island or knocking out a non-structural wall. “Right now buyers want a wide open floor plan, the living room right off the kitchen. They are into big spaces,” Kristin Wellins, senior manager of program development at ERA Real Estate, told This Old House.
2. Light it up.
Keep the home bright: Have windows open to let the natural light flow in, consider lights that use motion detectors to turn themselves off, or install sun tubes, a reflective material that funnels natural light from a hole cut in a rooftop down through a ceiling fixture in a room. “High wattage bulbs make small spaces feel larger, and soft lighting brings warmth to empty spaces,” This Old House notes.
3. Enhance the front door.
“Don’t underestimate the power of a front door,” Willens says. “People make up their minds in the first seven seconds of entering a house.” Have an overhang on the front porch, such as an awning or portico above the front door, suggests Roger Voisinet, a real estate professional in Charlottesville, Va.
4. Pay attention to the floors.
Spend some money on the floors, suggests the real estate professionals surveyed by This Old House. Even a $600 to $900 investment could help boost the home’s value by possibly $2,000, they say. Get a carpenter or handyman to eliminate distracting squeaks from floors, repair any broken tiles, patch damaged floorboards, and remove wall-to-wall carpeting, they suggest.
5. Tackle easy bathroom upgrades.
Bathroom upgrades can quickly get pricey but a few upgrades can still make a big difference. For example, swap frosted glass for clear glass, remove any rust stains, apply fresh caulk, update doorknobs and cabinet pulls, replace faucets, buy a new toilet seat, or install a low-flush toilet.
Source: “Brokers Tell All: 10 Ways to Boost Home Value,” This Old House (September 2016)
© Copyright 2016 INFORMATION, INC. Bethesda, MD (301) 215-4688