Home value is probably one of the top influencers for both whether or not your home sells, and how much it sells for. By now you probably know you can find your home’s value using Kansas City Homes’ Home Compare tool. But is that where it ends?
No. Not even close. Once you find out your home’s value you can, and should, do what it takes (within your means) to raise your home’s value. Now we’re not talking a thorough cleaning and a little improvement to your home’s curb appeal for an open house or showing. It should go without saying that you need to keep your lawn mowed, your house clean, and your closets tidy. We’re talking about real changes that fundamentally improve your home and raise its value now and when you sell. Some things you can do aren’t very expensive. Some, a little more so. Some are easy to do. Others take a little more work. But in the end, they are all (usually) worth it.
In this 3-part blog, we’ve compiled a list of 7 things you can do to increase your home’s value… and 2 things you absolutely shouldn’t do. Consider these when you’re looking for ways to make your home worth more whether you’re thinking about selling or not.
Lower Cost. Lower Effort.
Highlight Your Home’s Potential with Fresh Paint One of the easiest and most cost-effective ways to raise your home’s value is to paint the inside. In fact, nearly 65% of REALTORS* say painting interior walls and touch-up painting are two improvements they recommend most to home sellers. A new coat of paint not only helps your home look it’s best. It also covers marks, scratches and other blemishes that happen to walls over time. Now, no one is suggesting you repaint your entire home. Focus on the most trafficked areas, especially where potential home buyers will spend time at an open house or home showing.
Keep in mind, it’s often wise to repaint with neutral colors. Pick a shade that will appeal to the most potential home buyers like white, off-white or a soft beige. You can hire professional painters to apply a fresh coat inside, but that could cost you around $1,000 and up. Doing it yourself could cost as little as $100 including supplies, depending on how many areas you plan to cover.
Be Flexible with Your Fixtures Replacing and updating fixtures is another low-cost way to breathe new life into your home’s interior. Sure, maybe you’ve had that doorknob for 10 years, and odds are it shows! Shove sentiment aside and think about how you can make your home worth more.
There are many small fixtures and small elements that could use a newer, fresher look. Besides your doorknob (and maybe all the doorknobs in your home), consider giving a fresh look to:
These are little things that get noticed by potential home buyers a lot more than you think, and they can make a big impression. Whether it’s a good or bad one is up to you.
Our agents have seen it all from new roofs to room additions to swimming pools with complex water features. They can tell you what they’ve seen work and not work when it comes to increasing home values and buyer offers. Contact your Kansas City Homes agent and get their guidance before hitting the home improvement store or hiring a contractor
In Part 2... Spending a little more money on your home now could mean a bigger return on investment when you sell it.
*National Association of REALTORS® 2019 Profile of Home Staging.