When selling a home, homeowners want their home to be the most profitable it can be. Selling a home over market or at least higher for what they paid is a common goal amongst homeowners.
With the extra money from selling a home above market or higher than the asking price, homeowners can use that money toward a new home. Most homeowners upgrade or renovate their home, get their home appraises, then put it on the market.
The best ways to increase the value of your home is by adding curb appeal, making small, but impactful renovations, and simply enhancing the appearance of the home with a little cleaning and a fresh coat of paint.
Some ways to improve the appearance of your home and add value to your property are:
Curb Appeal
Simple ways you can maximize your curb appeal are:
Refreshing your landscape and adding lush greenery and bold perennials.
Make the exterior of your home more presentable. When showing your home to prospects, first impressions are important. Power washing your porch and driveway or repainting the front door can add mass appeal.
Updating your roof can add curb appeal. Only update your roof if you need to or if it’s aged 20 years or more.
Install A New Water Pump
This solution to increase your property value seems simple, yet it is highly effective. Imagine potential buyers knowing that the water quality in their new home is superb, the pressure is up to par, and that their new water system is one less thing they have to worry about.
Having a new water pump placed in your property before selling it could significantly improve your property value. Before replacing your current water pump with a new one, do your research.
You can expect to pay anywhere from $200 to $1500 for a new water pump. Since your (shooting) for quality, use red lion water pumps. The goal when looking for a new water pump is to aim for quality over price. It’s worth the investment if you spend a little extra than having to replace a water pump before it’s extended lifespan.
Some benefits of replacing your water pump with a new one are:
Because the need for water in your home is endless, you’ll need a constant, reliable supply. A new water pump will provide your home with one of the most essential needs.
Economically, you will benefit from a new water pump. Replacing an old water pump can create a small, beneficial change in fuel economy.
Water pumps typically last 15 years or more and will benefit you while you live in your home and will benefit the new homeowners for years to come.
Interior Renovations
Adding a fresh coat of paint, replacing the shelves, and upgrading the mirrors with built-in lights can make a positive impact on your home's appearance and add value. These simple renovations can be made in any room and are relatively inexpensive to complete.
Also, try simple kitchen and bathroom renovations to increase your property value. Remember not all upgrades will give you the return on investment you may be looking for, so choose wisely.
Kitchen
Something as small as replacing the hardware on your doors and cupboards can make a major difference. Also, replacing the cabinetry in your kitchen can increase your property value.
Bathroom
Since the focal point of the bathroom is the shower and tub, you should consider remodeling. Replacing the shower and tub have the biggest ROI. Another renovation with a high ROI is flooring. Consider installing heated flooring if it’s within your budget.
Upgrading the cabinets or even refacing then can have a huge impact. Replacing the hardware can enhance your home’s value drastically, too.
