A designer I know was chatting with me the other day and let me in on some advice that will be important to you if you are considering selling your home on how to increase home resale value.
As my clients have sold their homes over the years, I have found that these 10 design tips have been the most beneficial in helping their houses stand out from the pack. Better deals start with ways to increase home resale value.
1. Make the room feel bigger than its square footage. Selecting and placing furniture that fits the scale of the room can go a long way in making the space feel larger than it actually is. While the actual square footage of a house will, of course, directly affect the price, perception is a powerful thing. If you can make a room feel more spacious, buyers will likely see more potential in the house. Look at each room and ask yourself if it has too much furniture or furniture that is too big. Especially beware of walking paths that should be open but that are squeeze by furniture.
2. Add custom closets in the master bedroom. A large, functional walk-in closet will increase home resale value. It’s a luxury that really excites potential buyers. Prices for installing a custom closet vary widely, but finding an affordable solution that still has a high-end look is not too difficult if you do your research. If you have smaller closets, they will look bigger with good organizers. Also, never stuff your closets. If it looks like things are falling out and disorganized, you are emphasizing the fact that you don’t have enough storage and that seriously affects home resale value.
3. Grout is a killer. I am always surprised to see how mould and dirty grout in the bathroom repels buyers and significantly lowers home resale value. They want to get out as soon as they can when this occurs. For just a few bucks you can fix your grout and make it look new. This is a critical investment to raise your home resale value.
4.Less expensive kitchen upgrades. If your kitchen is dated, many buyers decide it’s a “gut job” thanks to TV shows they have seen. They think a “gut job” will cost $30,000 to $50,000 and that’s often a deal killer. But you can do a lot that is relatively inexpensive that will make the kitchen look acceptable. The first thing is free…clear the counters. Clear counters make the kitchen look much larger. Check out some videos on line and see how you can paint your cabinets if they need it. Newer more modern hardware makes a huge difference and so does better light fixtures. Even minor upgrades like these will do a lot to increase home resale value.
5. When it comes to storage, the more the better. There is no such thing as too much storage. It’s important to provide ample storage for multiple purposes. Under the stairs is an ideal area for pullout storage for tall items like ladders that won’t fit in standard-height closets.
6. A fresh coat of paint can work wonders. Painting is the most cost-effective way to freshen up a space. Freshly painted rooms feel updated, clean and crisp, without leaving a major dent in your wallet (especially if you do the painting yourself). When selecting paint colors, try to avoid anything too bold, as neutrals tend to be a safer choice in homes for sale.
7. Check your entrance. You may find this hard to believe but the front door to your home will give you the biggest return on investment when increasing home resale value. Buyers spend a lot of time looking around your entrance while the Realtor unlocks the door. Do you need a new mat? Is there bird nests and spider webs? Did the dog eat the trim around the door? Taking care of these issues make a better first impression and increase home resale value.
8. Bathroom updates provide a big return. Bathroom upgrades are second only to kitchen updates in providing a great return on investment. Since bathrooms are usually the smallest spaces in the home, a little bit can go a long way. Consider replacing outdated vanities, changing light fixtures and updating hardware.
9. Hire a professional organizer. It’s amazing what a little help can do. A professional organizer can help you create a clutter-free home. The money spent on hiring a pro for just one day will pay off when potential buyers see an organized home that feels larger and more manageable. Buying a house can be stressful, especially for first-time buyers. It might be subconscious, but a well-organized space may help to lessen that stress.
10. Add curb appeal. First impressions count. Keep the front yard tidy, water the plants and do the updates that need to be done. Peeling paint and cracked exterior walls do not make a good first impression. If you’re adding new plants, try to select ones that are low-maintenance.