Ways to Add Value to Your Home
Looking to upgrade your home to impress your neighbors? Attempting to sell a well loved, but well worn home and wanting more money for your next real estate purchase? No matter the reason for wanting to add value to your home, there are several, simple ways to do so.
A Clean House Is a Sold House
First off, clean up. The easiest and most affordable way to add value to your home is to simply clean and declutter. No buyer is interested in buying a home they can’t see. You can have the glossiest marble entryway or marvelous hardwood floors, but if they’re covered in dirt, grime, and dirty laundry, no one is going to be buying your aesthetic marvel today. A great trick to know when your house is clean enough to show to prospective buyers is to have it as clean and devoid of residence as a hotel room. When you visit a nice hotel room, it is welcoming, but also clean and clear enough for you to feel at home, not like you are in someone else’s home. Instead of seeing evidence of you living in your home, it is key for a buyer to envision themselves living in your home.
Heart of the Home
Nothing turns a prospective homebuyer off quite as quickly as a bad kitchen. For many buyers, the kitchen is the first room they go to when they enter a home, and it is often the room that makes them turn it down the fastest. The importance of stainless steel appliances has been stressed on almost every home improvement show, and homebuyers’ purchases backup the television personalities’ advice. Not only should you switch out your appliances, but you should reformat your kitchen to work in a triangle, meaning your sink, cooking area, fridge, dishwater, and any other appliance should be within a triangle of movement. If you’re cutting chicken on one end of your kitchen, you shouldn’t have to trek around an island in order to wash your hands.
Cabinets, stone, back splashes, and fixtures are just as important as new, properly laid out appliances. Cabinets can either be refinished, refaced, or replaced to give your kitchen a new, clean look. For a cheap upgrade, updated sink faucets and cabinet knobs can improve your kitchen space and add a little bit of flare. Carrera marble, quartz, and granite countertops and back splashes are musts for anyone looking to move a house quickly, as many homes don’t have them, but buyers love them. The point is, few things are a harder sale than a bad kitchen.
Brighten Your Space
When you walk into a home, what would you like to feel you are walking into? If you’re answer wasn’t a cave—and it likely wasn’t—you should consider brightening up your home, both inside and out. One way to brighten the rooms of your home is to literally brighten them with lighting. Additional chandeliers and can lighting help illuminate your rooms and show off what you have to offer. To make your new lighting pop even more, you should paint your rooms in lighter shades of color. While you may like dark red walls and have beautiful, dramatic furniture to accentuate your crimson surfaces, prospective buyers will see it as stifling and a lot to prime and paint over. Your exterior paint is equally as important, as curb appeal is lost if your exterior paint is peeling or stained. A new coat of white paint will make buyers feel like they are visiting a new home.
Although, it isn’t something you can show buyers, new plumbing is a great surprise to tell homebuyers about. Homebuyers’ biggest fear is that they’ll buy a home and have a costly problem arise with their plumbing or electric. Electric wiring isn’t so easy to change out and probably isn’t cost effective, but plumbing is both easy and relatively cheap for what you get in return. In lieu of metal pipes, plastic tubes are utilized by many plumbers and can be easily slid in and out of your walls without the need to knockout drywall. Nothing soothes a homebuyers’ nerves like telling them, “Just so you know, we changed out all the plumbing a few months ago.”
Get (Rid of) Your Popcorn!
While watching a movie or going to the ballpark, it may be perfect to snack on, but popcorn has no place on your ceilings. Everyone has seen popcorn ceilings and has the same disdain for them. With their almost stalactite level of textured globs of paint, popcorn ceilings distract from any room they’re in and give homebuyers something else they’re going to have to change when they move in, as well as another bargaining chip to get you to knock more money off the final sale price. A little drywall to smooth your ceilings will get you one step closer to you and your buyer closing, and you’ll close at a price that will be more in your favor.
Bathe in Money
Another costly eye sore to have in your home is a bathroom that looks like it’s attached to a locker room. Like kitchen upgrades, bathroom renovations can range from expensive to cheap. Of course, you could switch your old, moldy tub or shower out to a new brand-new unit, but refinishing your current tub or shower can do nearly as much to raise both your home’s visual appeal and your bottom line. Ways to refinish the bathroom, include: replacing any handles or knobs that have corrosion damage, modernizing the lighting, updating the sink vanity or pedestal, changing out or re-grouting the tile, and, again, throw on a fresh coat of paint. Your bathrooms should look like somewhere a prospective buyer would like to relax and unwind, not a place where your buyer wishes he brought a hazmat suit.
Cave in or Rent Out
The amount of square feet and rooms in a home are two of the main determining factors of what it is worth, so what better way to add value to your home than to add square feet and additional rooms to your home? The best way to do achieve this magical feat of increasing the space in your home is to upgrade unused space in your home, such as your basement or attic. Many homeowners try to sell their basement or attic as a place to store unwanted junk and holiday decorations when they would be better off renovating their basement or attic. A finished basement or attic provides the home with more rooms, and if you include a bathroom and separate entrance, you can even sell your newly finished living quarters to prospective buyers as a space they can rent out. Nothing sells someone on a house like saying the home comes with an income generator that would cut their mortgage in half.
If you ask many buyers what they’re looking for in a home, the first thing they’ll say is hardwood. Not laminate, but actual hardwood. Engineered flooring can work, but laminate is a no go. Many homebuyers can tell the difference between laminate and hardwood, and they desire “real” hardwood. If a home has carpet or laminate throughout, a buyer is likely going to try to talk down the price, since they’re going to want to change the flooring once they move in.
Selling your home can be a long process, but if you follow these helpful ways to add value to your home, your home will sell faster and for more money. Not only will this guide help, but BACK Construction and our skilled craftsman are only a phone call away. BACK Construction can assist you with all of your questions or concerns about adding value to your home and can help you with your renovation needs. Why sell for less when BACK can help you sell for more? You can call BACK Construction today!
If you have questions about remodeling projects, or just want some further tips, feel free to give us a call. Did you know that we also offer handyman services? Because of BACK Construction’s reputation of being the highest quality remodeler in Lexington, Kentucky, many people think we only do large projects. We offer the same quality for small projects as with a large project, because we have the same skilled craftsmen on each and every one. In fact, BACK’s handyman service is an Angie’s List Super Service Award winner.
Contact us today, no matter what size project you have, and we will provide our quality workmanship to handle your project with care. Our team of skilled, professional craftsmen will make sure your project is done BACK better!