Take time to prepare your home for
sale and you'll increase it's value
It's important to be objective and look
at your home through the eye's of a buyer. Some of the
minor quirks and/or items in disrepair in your home
may not bother you, but they may cause potential buyers
to walk away and prevent your home from ever being sold.
Make your home as appealing and uncluttered
as the home you would like to buy and you'll increase
the value of your home.
Outside
- Make the entry to your home inviting. The front
door should be bright, clean, and attractive. Add
a wreath, welcome mat, brass accessories, and potted
plant to achieve this look.
- Mow the lawn, and trim the trees and shrubs away
from the house so it can be seen. Rake leaves and
remove any dead or unsightly plants or shrubs.
- Check and replace or repair any broken roof shingles,
gutters, shutters or siding. Clean out the gutters.
- Fix cracks in the driveway or sidewalk. Remove oil
stains from the driveway and resurface it.
- Wash all windows inside and out.
- Remove clutter from the yard. Put away tools, garbage
cans, hoses, toys, and any other "hobby" items (e.g.
that classic car jacked up on cinder blocks).
- Powerwash the exterior of your home and patio or
deck, and paint the exterior of your house if it looks
at all like it needs it. Make everything outside look
fresh, neat, warm, and inviting. Buyers will drive
by and not come in if your home does not have some
"curb-appeal."
Inside
- Paint the interior of your house with neutral tones.
If possible, paint the ceilings white or use ceiling
paint to make the rooms seem larger. (Few things can
increase the value of your home more than painting.)
- Professionally clean the interior of your home,
removing all cobwebs, washing windows inside and out,
and removing any "distinctive" smells such as cat
litter, heavy spices or oils from cooking, etc. Air
out the house.
- The kitchen is the most important room in the house.
Make sure it's clean, and redecorate if needed. Put
away all minor appliances. Do everything possible
to make the kitchen uncluttered. Wash and polish the
floor.
- Clean, clean, clean the bathrooms. Make them spotless.
- Other than the kitchen the master bedroom is most
important. Organize all closets. Pick up clothes.
Simplify the furniture. Open curtains every morning
while your home is on the market.
- Steam clean all wall-to-wall carpeting. Replace
any worn carpeting with neutral colors.
- Polish wood floors and stairs or refinish if faded
or spotted.
- Repair or replace worn or outdated appliances (e.g.
avocado green or coppertone appliances from the 70's).
- Repair dripping faucets, sticking doors, and other
nuisance items.
- Add lamps or lighting to any areas of your home
that are dark.
- Make sure that all major system such as furnace,
air-conditioning, water heaters and other appliances
are in good working order. Otherwise repair or replace
them.
- Remove clutter from all rooms. Things that make
your home a home for you may be distracting to a buyer
and make your home appear small. Box up knick-knacks,
magazines, books, toys, and other items that might
influence a buyer's feeling about a room. Put them
in public storage if needed.
- When the house is being shown... make sure it's
straightened up (clothes off the floor, etc.); open
curtains; set out fresh flowers; use potpourri, scented
candles, or put a drop of vanilla extract on lightbulbs
to give your home an inviting scent; play soft music
in the background; remove your pets (particularly
that cute Boa or Pit Bull). Create an easy-going relaxed
atmosphere that makes your home seem comfortable and
livable.
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Make improvements to your home to make it competitive
All other things being equal, a buyer
will purchase the home with up-tp-date kitchens, bathrooms,
and other upgraded amenities. Remodeling can make your
home more competitive, and the cost of many improvements
can be recovered when your home sells.
Remodeling your home to bring it up
to today's standards will in many cases pay for itself
when you put your house on the market. However, by no
means will every project return all or even part of
the money you put into it. In fact an extravagant improvement
can even make your home harder to sell.
In every neighborhood the limits on
what a home can sell for are well-defined. If the houses
range from $200,000 to $225,000, no matter how many
rooms, baths, hot tubs, fireplaces, or skylights you
add, your top resale price will be close to $225,000.
To get an idea of which improvements
pay the best returns Money Magazine consulted
a large national real estate appraisal firm. The appraisal
firm evaluated thousands of comparable homes sold over
a three-year period, interviewed dozens of independent
appraisers, real estate agents, builders, architects,
and homeowners around the country, and the consensus
of the top ten common home improvements in order of
their return is listed below.
Top 10 Home Improvements
1. Remodeled Kitchen
(Average Value: 80-120% of cost)
2. Extra Bathroom
(Average Value: 75-100% of cost)
3. Fireplace
(Average Value: 70% of cost)
4. Deck or Patio
(Average Value: 50-70% of cost)
5. Central Air Conditioning
(Average Value: 40-80% of cost)
6. Additional Room
(Average Value: 50-70% of cost)
7. Basement or Garage Conversion
(Average Value: 30-60% of cost)
8. Aluminum Siding
(Average Value: 30-50% of cost)
9. Swimming Pools
(Average Value: 20-50% of cost)
10. Recreation Room
(Average Value: 30% of cost)
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