Looking to sell your house this summer? Selling a home can come with many expenses that drain the equity you’ve earned over the years. So, it’s important that you spend your dollars effectively when trying to sell a home. There are many ways to improve the value of your home. Unfortunately, most of them don’t improve the value of your house more than you spent.
“Do It Yourself” projects can often add spark to your home and help earn those extra dollars when selling the home. CU Insight recently published 4 DIY projects to increase the value of your home:
1. Clean up
“Do a deep clean. Take care of those neglected areas including baseboards, windows and blinds. Now is the time to shake out or even remove those dusty curtains, degrease the vent above the stovetop, wipe down all cabinets and make sure every inch of your home, both interior and exterior, shines like a diamond.”
“Potential buyers must be able to envision themselves living in your space. That’s hard to do when navigating a maze of furniture. Pick up those area rugs and bathmats, and put extra seating, knickknack collections and anything but the basics into storage. The goal is to allow uncluttered floors to make the home’s square-footage the star. Closet space is an important must-have on the home buying checklist, so make sure your closets are organized and clutter-free.”
3. Ramp up curb appeal
“Sweep those cobwebs and tame overgrown lawns and shrubs. Have a few planters filled with colorful flowers by the entryway. Mulch the flowerbeds. Consider power washing your house’s exterior and driveway.”
4. Set the Stage
“According to a National Association of Realtors 2017 Home Staging survey, 62% of sellers’ agents say that staging a home decreases the amount of time a home spends on the market. Thirty-one percent of buyers’ agents reported that staging a house increases its dollar value by 1% to 5%. The most commonly staged areas are the living room, kitchen and master bathroom. When it comes to staging, less is more. Clear tabletops and shelves of family mementos and replace them with just a showcase item, a scented candle or a vase of fresh flowers. Organize other decorative items in groups of three, arranging them by color, shape and texture. Remove all personal pictures that include any children (for security purposes). Don’t push furniture up against the wall. A small sofa or two chairs and a side table in the middle of a room not only create a cozy zone, they actually open up a room.”
And, while you prepare to sell one house you should also be preparing to buy your next house. The first step to buying a new house getting pre-approved for a mortgage loan. Click here to get that process started.
Read the full article from CU Insight here.