Enhancing the value of your home can be as simple as doing a little landscaping and rearranging the furniture, or as complex as remodeling the kitchen or replacing the roof. Bettersworth Realty can help you decide what you should and shouldn’t do to enhance your property’s value.
Our review includes a cost-return analysis that is designed to answer three important questions:
1) Is the enhancement necessary to sell the property?
2) Will the cost of the enhancement boost the property’s value enough to make it worthwhile?
3) How long will the enhancement take, and how does this affect the client’s timeframe for selling the property?
Some enhancements, such as remodeling, roof replacement or new flooring, can be expensive. Bettersworth Realty has relationships with contractors and service providers who will provide payment terms to our clients. In many cases, you can pay for the enhancement when you sell the house!
Bettersworth Realty can also advise you on market trends regarding colors, materials and fixtures so that you make the right choices. We can also provide you with a list of brands and resources to help you maximize your time and budget.
Here are a few easy enhancements that you can do yourself:
- Fresh interior paint. Utilize light beige, taupe and soft whites. Avoid dark colors.
- Remove wallpaper and glued-on borders. Some wallpaper can be painted over.
- Replace old light fixtures. Utilize brushed nickel or oil-rubbed bronze finishes.
- Replace old bathroom fixtures, including faucets. Utilize same finishes as above.
- Add some fresh landscaping. Pay attention to the front and entry areas.
- Stage the property. Your Bettersworth Realty agent can help with this.
Here are a few medium-priced enhancements:
- Replace old flooring. This is not too expensive and can be paid for after closing.
- Paint the exterior. Price is dependent on the home. It can be paid for after closing.
- Replace countertops. Price is dependent on material. It can be financed.
- Remove “popcorn” ceiling. You can remove it, but a professional should finish the job.
Here are a few upper-priced enhancements:
- Replace the roof. Depending on the size and material, this is often not too expensive. Some companies offer payment terms.
- Replace the air conditioning system. If it is more than10 years old you should consider replacement.
- Remodel the kitchen. This can be expensive, but can often pay for itself.
- Complete remodel. If the market dictates it, this can be very profitable.
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Before you do anything to enhance your property before putting it up for sale, be sure you have a good understanding of the real estate market in your neighborhood and know the styles and trends buyers are looking for. Over-spending on or poor choices of enhancements can actually cost you money.
