How a Few Simple Renovations Can Increase Your Home’s Resale Value

When you are preparing to list your home for sale, you will likely have a long list of things to do. By performing some simple renovations now, you can avoid requests for remedy later. These four home renovations are also likely to get all of your investment back through a higher sales price.

How a Few Simple Renovations Can Increase Your Home's Resale Value

Refinish or Replace Your Counter Tops

One of the most important parts of your home is the kitchen. When prospective buyers enter your home during a showing or open house, they are likely to make a beeline for the kitchen. Refinishing or replacing your counter tops will make a big improvement in how the kitchen looks. Granite is a top-of-the-line material. Some other good choices include concrete and Corian. You might also consider refinishing or replacing the fronts of your cabinets if they are old and worn, dented or dinged. If the cabinets themselves are in good condition, a replacement of the knobs and drawer pulls provides an affordable facelift.

Install a Wood-burning Stove

A wood-burning stove is a delightful addition to the living spaces of your home. If you have a family room, adding a wood-burning stove creates a cozy space that is just right for cool autumn and winter weather. Wood-burning stoves in Woodinville, or in other areas, can also be at home in a four-season room or a den. A wood-burning stove adds value to your home because it gives the new owners an affordable and efficient method of heating. Wood-burning stoves are also safe in case of a power outage. Today’s wood-burning stoves offer ideal levels of safety and efficiency. If you have a log cabin or rustic styled home, it will fit right in with your architecture and decor.

Give the Walls a Fresh Coat of Paint

Giving the interior and exterior walls of your home a fresh coat or two of paint is a quick and affordable way to increase the structure’s resale value. A quality paint job can hide many minor imperfections that would capture the attention of prospective home buyers. Choose a neutral yet attractive color for the outside of your home. Make sure that you conform to any homeowner’s association or historical society rules governing exterior colors for homes in your neighborhood. While many real estate agents recommend going all neutral for interior wall colors when selling a home, you could add a little bit of visual interest by painting the wainscoting or trim in a brighter color. You could also turn to less frequently used neutrals such as buttery yellow for the kitchen or a warm gray for a child’s bedroom.

Replace Worn-out Carpeting with New Floor Coverings

Another way to make a big impact on your home’s resale value is to remove the old, stained, worn-out carpeting and replace it with new floor coverings. If your home has hardwood floors underneath carpeting, arrange for the floors to be professionally finished. Hardwood flooring that is in good condition could add thousands of dollars to your home’s selling price. Consider replacing old carpeting with laminate or engineered wood flooring. Cork and bamboo flooring are environmentally friendly options. Ceramic tile flooring is an ideal solution for front hallways, entryways and guest bathrooms. Many homeowners do enjoy the comfort and warmth of a plush carpet in the bedrooms and family room of the home.

Each of these simple home renovations only takes a few days to complete. You could schedule the renovations for a time that is convenient to you. Be sure to schedule any updates and repairs so they are complete before you want to list your home for sale. Account for potential project delays to give yourself some wiggle room when selling.

4 Simple Ways Homeowners Can Increase Their Home’s Value

4 Simple Ways Homeowners Can Increase Their Home's Value

Homes tend to appreciate over time, as long as you take care of them and keep them in good shape. However, there are some things you can do to your home that can increase their value, and you don’t necessarily have to spend a ton of money on them. Here are four simple ways homeowners can increase their home’s value.

Do a Kitchen or Bath Update

Kitchens and bathrooms are two of the most-used rooms in a house, and they also are the rooms that buyers focus on the most. That’s why it’s important to make periodic improvements to these rooms. You don’t have to break the bank and spend thousands and thousands of dollars. In fact, minor remodels are the ones that tend to add the most value. Some simple things you can do include replacing appliances, replacing a vanity, switching out water and light fixtures and updating your tile and counter tops.

Concentrate on the Exterior

Most people focus on making interior improvements when remodeling their home, but you can actually get the most bang for your buck focusing on the outside. Many of the improvements that have the most return on investment are exterior ones. These include replacing your entry door or garage door, adding or repairing a deck, and sprucing up your landscaping. All of these improvements will be investments that pay back more than they cost to complete, when done correctly.

Structural Improvements

Doing things to the bones of your house aren’t cheap but they are necessary. Take your roof, for example. People do not want to buy a roof that leaks or has broken shingles. Some companies, such as Select Exteriors, know that if this is the case with your roof, you might consider investing to improve it. The same goes for your home’s foundation. Structural improvements can be expensive, but not doing them when necessary can greatly reduce the value of your home.

Make Energy Improvements

Many of today’s home buyers want an energy-efficient home, so you can boost your home’s value by making some simple energy changes. This can include installing a programmable thermostat and changing to compact fluorescent lights. If you want to make a bigger investment, replacing windows or installing solar panels can be good choices.

Making these and other improvements to your home can greatly increase your home’s value. Some improvements require a big investment, but others do not. Either way, you are likely to recoup most of what you spend on these improvements.

4 Key Characteristics To Look For When Choosing A Real Estate Professional

4 Key Characteristics To Look For When Choosing A Real Estate Professional

When it comes time to buy a home, you don’t want to work with just any real estate professional. Instead, you want to work with someone who takes an interest in who you are and what your housing needs are. Let’s take a look at some key characteristics of a real estate professional who is worth working with during your next home search.

This Person Should Be Personable

Ideally, the person who is working with you to find your dream home should be approachable and friendly. There will be times when you have to get in touch with this person early in the morning, late at night or on weekends. If he or she is not interested in working with you at all hours, it may be best to look for someone else.

This Person Should Be A Fierce Advocate

Your real estate agent is supposed to be someone who represents your needs and interests during the home buying process. Therefore, he or she needs to be a fierce advocate who is willing to stand up to the seller or seller agent on matters that are important to you. This could be the difference between getting a better deal on a home or feeling forced to close the deal on the seller’s terms.

This Person Should Be Part Of A Larger Firm

Real estate agents who work for established firms generally get jobs because of their skills and track record of success. They generally have large email lists full of available homes for sale before they are available to the public. Knowing that a listing is available before anyone else allows you to see the home and put in an offer before a bidding war can begin.

This Person Should Know the Area

A real estate agent should be able to narrow down your search based on the criteria on your wish list. If you want good schools for the kids, your agent should know which neighborhoods to look in. If you want a house for less than $100,000, your agent should know which parts of town are more suited to your needs.

You should never buy a home without the assistance of a qualified real estate agent, like the professionals at Re/Max of Boulder, Inc. Doing so could result in spending more money on a home that may or may not meet your needs. In addition to helping find a home, your agent may also know where to turn for financing or who to hire for a quality home inspection.

Remodeling for Revenue: How to Flip Your House to Increase Its Value

Remodeling for Revenue How to Flip Your House to Increase Its Value

Flipping homes can be an effective way to make money from real estate. However, you need to know what types of upgrades will yield the highest returns on your investment before you decide to make them. Here are just some strategies that you should employ to ensure that you maximize your profits from each flip:

More Living Space Generally Means a Higher Price

In some areas, homes are priced per square foot. Therefore, adding more living space will translate to a higher asking price for the house. Some ideas for adding more space include finishing the attic or basement. In some cases, adding an egress to an already finished space will allow you to advertise it when listing the home.

It may also be a good idea to put an addition on the home that can be used as an extra bedroom, office or bathroom. If you are going to add to the house, make sure that you have the proper permits to do so. On average, each additional square foot that you add of living space could equal $100 or more added to the listing price.

Update the Kitchen and Bathroom

For those who have a limited budget, it is in your best interest to focus on the bathroom and kitchen spaces. Kitchens are where those who live in a home are going to spend the majority of their time. Bathrooms are generally where an individual is going to start or end his or her day. Being able to do so in style will make it more likely that a buyer will pay more for the house.

Upgrading the kitchen and bathroom is also a good idea because it makes the home easier for the next buyer to sell in the future. That alone will make the home more valuable because no one wants to pay for something that they can’t liquidate if necessary. Depending on where you live a new bathroom or updated kitchen could add $20,000 to $100,000 to the value of a house.

Put a Hot Tub in the Backyard

A nice spa with all of the proper hot tub accessories in the backyard makes a home more appealing because it gives the owner a place to entertain or relax after a hard day at work. They can be used either in the winter or the summer, which makes it more versatile than a pool for those who live in more temperate climates.

While individuals may be able to install them themselves, it is generally better to have a professional install it for you. It should only take a few minutes to a few hours depending on how much electrical work needs to be done to accommodate the new item.

In some cases, your installer may suggest ways that you can further spruce up your yard to add value to the flip. In most cases, a home’s value goes up by whatever you paid for it, but it could indirectly increase your home’s value because it makes the home more appealing.

Add New Front and Garage Doors

Replacing the current front and garage door with new ones makes the home look cleaner, brighter and more attractive at first sight. Typically, you will increase the value of the home by as much as 400 percent of what you paid for them. Therefore, if you spend $5,000 for new doors, the home will be worth $20,000 more.

While flipping may not be for everyone, it can be lucrative for those who understand how to do so successfully. For the most part, you have to understand what buyers in a given market want and then tailor the home to those needs to make it as attractive as possible when it goes on sale.

How to Increase Your Property’s Value – Infographic

Your property is a long-term investment and one day, you want to release the equity in it.

We can be drawn into thinking that every improvement and renovation we make to our property will add value, increasing the profit we will eventually make on our home.

But, are you making the right changes? Are you doing too much and out-pricing your property from the local market?

Making the Right Renovation Choices

Trends come and go but it is important that you add the right value in the right places when it comes to property renovation, as the infographic explains further.

The one statistic that is on every buyers mind is the Energy Performance Certificate (EPC) rating for the property. If it is near the top of the scale – from A to D – the property should be cheap to heat as it is well-insulated.

Anything lower than a D rating can make for an expensive house to heat. If your EPC rating is low, consider adding value by updating not only the insulation of the property but the type of heating system too.

Underfloor heating costs less to install and run that most traditional heating systems. Coupled with additional insulation measures, your home will be tasty warm and an attractive purchase for potential buyers.

What Else Adds Value?

From a new kitchen to a modern bathroom, there are many changes you can make to your home to add value. Find out more with this fantastic infographic from Balustrade Components.

How Can You Increase Your Households Value