When putting a house on the market it’s common for sellers to invest in home repairs, but what most sells don’t know is that not every repair adds significant market value. Indeed it’s far too common for uneducated sellers to spend thousands of dollars on “important” renovations only to discover that these new features will not increase their potential selling price at all. But since RE/MAX Plus is committed to ensuring that our customers receive the most return on their investments, we have put together a few suggestions for value-conscious repairs and renovations that home owners can do to increase their resale value, all without breaking the bank. Keep in mind this list is only a general guide, so if you are truly interested in learning what repairs will generate the most value for your home, contact a RE/MAX Plus agent today!
- Get Expert Advice
Before you even pick up a paint brush, one of the most cost-effective methods of adding value to your renovations is to hire a professional contractor, designer or real estate agent to inspect your home. These people will always have the latest knowledge on the current trends and can help you develop a renovation plan that suits your budget while maximizing value. Many of these experts offer free estimates, but even for the ones that charge a small fee, it’s hard to put a price on a plan of action.
- Have a Painting Party
Arguably the least-expensive method to add instant value to your home, painting walls and ceilings is a simple task you can do yourself or with family. For around $50 a room, sellers can create a clean, updated look that draws the eye and helps buyers better picture what it would be like to live there themselves. Keep in mind that neutral colors such as beige or white will appeal to the greatest number of people, making it that much more desirable for a larger percentage of the population.
- Clean EVERYTHING
Last but certainly not least, never underestimate the selling power of a freshly-washed window or a sparkling floor. Dirt, grime, and dust sends a general message of disrepair and dampens the selling potential, even in a home with no other issues. Pay particular attention to the threshold of entry doors, windows, bathrooms, and kitchens as these are places prone to heavy soil levels. For a professional touch, consider renting a commercial steam or carpet cleaner to remove deep stains and scuffs.