Saturday, July 27, 2013

10 Improvement Ideas to Increase Home Value Part 2

Catch up by reading part 1 of 10 Improvement Ideas to Increase Home Value

5-  Replace those windows:  Not only will the updated windows add an aesthetic upgrade, but they’ll function at a much greater level.  Getting rid of the drafts that invade your home will help with savings on heating and cooling, and on top of the savings, newer windows will help raise the sale price when it comes time to sell. 

4-  Repair/ replace roof and/or siding:  Yes, these are major items, but they provide that initial impression for future buyers.  Stay up to date on the maintenance because damage to these can lead to bigger damage somewhere else along the line.

3-  Mechanicals:  During the tour of your home, buyers are likely to look at the age of the mechanicals in the home.  New mechanicals aren’t required to sell a home, but upgrading to newer more efficient models will save you money on your bills, and will make your home more attractive to a buyer. 

2-  Paint:  Probably the easiest and most inexpensive way to add a whole new look to your home.  White baseboards are becoming more common by the day, and a fresh coat of paint to the walls makes your home look and smell refreshed. 

1- Flooring:  Like painting, the flooring changes the entire look of a room.  Upgrade to laminate, tile, or wood floors in rooms that it is appropriate and install new carpet as the less expensive upgrade.

Whether you are the DIY type, or are paying to have the work professionally done, make sure you do the following: 

1.  Your upgrades/ improvements should match your home.  Don’t over-upgrade and don’t just pick the trendy items to install if it doesn’t fit in your area. 

2.  Don’t beat the neighborhood.  You can do too much to a home… If you plan to stay in the home for many years, you’ll be there to enjoy it, but over-upgrading doesn’t allow you to get the return on your investment if you plan to sell in the near future. 

I can help you determine what upgrades are proper for your neighborhood, shoot me an email and I’d be happy to stop by and discuss ways that you can get the best return in your area. 

Use this tool to determine your home value to see if upgrades are even necessary to get your market value.  

Take care, 
Scott Morrison
Text:  614-383-8502

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