May 29th, 2012

5 Ways to Increase Your Home’s Resale Value

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**Today’s guest post is contributed by Sean Bryant.**

It’s no secret that housing prices have suffered over the past few years. In order to sell your home, you need every advantage you can get over your neighbors. If you are about to sell and want to receive your desired price, you will want to dedicate time to working on your home. Below are some tips to help you increase your homes value and sell faster.

Update the Interior and Exterior Paint

Let’s face it, painting is not the most exciting activity to be doing on the weekend. However, a new coat of paint inside and out can really make your home stand out. Make sure you choose neutral interior colors. Not only will they be more appealing to a larger group of people, but they will also make the interior rooms look bigger.

Some of you may say that painting the entire outside of your house is expensive. Well, you’re right; it can be. Instead, paint the exterior doors and window trims and you won’t break your budget.

Tend to the Landscaping

Keeping up with the exterior maintenance of a home can greatly increase the overall appearance of your home to others. Make sure you keep the grass nicely mowed, edge the sidewalks, driveway and make sure you trim the bushes.

Adding flowers can also make a huge difference in how people react when they see your home. Flowers are relatively inexpensive and can be a welcoming aspect to potential buyers.

Organize Your Home

Make sure your entire house is organized and de-cluttered. The bedrooms should be clean with everything put in place, the closets and cupboards should be neat. If potential buyers see that you take care of your house, it is going to be worth more to them.

Perform Small Kitchen Upgrades

It is widely known that a kitchen can add the biggest increase to your home’s value. Little upgrades can go a long way in the eye of a buyer. Consider adding a new kitchen faucet or upgrade the hardware on your kitchen cabinets, if they are outdated. If you are in need of new cabinets this can be a big expense to undertake. Instead, try taking off all of the doors and either paint or stain them. Another way to add a whole new visual appeal to your kitchen is by adding a backsplash. Backsplashes come in square foot pieces and run around $5.00 each. They are also fairly easy to install yourself.

Make Your Home Energy-Efficient

The majority of today’s buyers are either looking for homes that are green or energy efficient. Making your home more energy efficient by adding new windows and doors can cost some money at the start, but you will almost always see a nice return on your investment. These upgrades will also help you save on utilities.

If you follow these simple steps you will not only make your home more comfortable to live in, but you will also increase the resale value when you decide you want to sell.

Sean Bryant is the founder of OneSmartDollar.com and FreeSnatcher.com where he uses his background in economics and finance to help the average individual have a better understanding about what to do with their money.

3 Comments

  1. Excellent list! People are attracted to homes that look new, clean and up-to-date.

    Tackling Our Debt at 10:58 am on May 29, 2012
  2. I Completely agree. What a house looks good I feel they will psychologically feel the house is worth more to them.

    Sean @ One Smart Dollar at 11:12 am on May 29, 2012
  3. I would suggest clearing out unneeded furniture. That will make the home appear more spacious. Who doesn’t have a room or two with a few too many pieces of furniture in it.

    Ohio Mortgage Solutions at 2:39 pm on May 29, 2012

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