Here at JM Design Build, we often receive inquiries from homeowners (or their realtor’s) whom, for any number of reasons, are ready to sell their home but need the help of a local home remodeling company to make it more attractive to those shopping the market. The question then becomes where can you get the most bang for your buck? To help shed some light, we asked David Frederick, a home improvement and property writer, to share his take on the top 10 tactics for maximizing the appeal of your soon-to-be-sold home.
By: David Fredrick
It’s no secret that making the decision to sell your home will require you to analyze how your home looks to potential buyers–fortunately, improving the curb appeal of your newly listed home can add thousands of dollars to its value and can drastically reduce the time it sits on the market.
So, where do you start?
There are numerous improvements that homeowners may consider to increase the chances of selling their homes. Below I have listed a number of these:
1. Make sure the asking price is realistic
Real estate is a tricky market, so setting the right price for your property is very important. If you set the price too high then you will risk scaring potential buyers off, however if you set the price too low then the buyer may still want to haggle–leaving you with a considerable amount less than you originally wanted.
2. Change your lighting
The various seasons, moods, and personalities all require different lighting effects. Using light to add an architectural element to your home can actually increase the existing value of your property. If you have nice landscaping, adding a couple of accent lights to your exterior will help to show off your plants and trees. What can be cheaper than changing a few light bulbs?
3. Painting and decorating
This is without a doubt the most cost-effective improvement that any homeowner can make. A quick splash of paint can revitalize your tired looking walls and will help potential buyers to see themselves living in your property. It is recommended that you stick to neutral color tones such as beige, ivory or grey.
4. Build a new bathroom or remodel your current one
Bathrooms can quickly become scruffy and dated. The good news, though, is that you can update your current bathroom for a few thousand dollars or less. If you don’t have the budget for this, don’t worry, there are numerous steps you can take to revitalize your bathroom. Replacing items such as shower heads, taps, and mirrors will make a considerable difference to the appearance of your bathroom.
5. Pay attention to the condition of your roof
This is something that many homeowners disregard when making home improvements. The condition of your roof is one of the first things a buyer will see when they visit your home. This is also something that most appraisers assess. Missing or damaged shingles will add nothing to the value and appearance of your house. If your neighbors have replaced or maintained their roofs, this will make your roof’s blemishes stand out even more (be sure to contact a local roofing company to provide an assessment of your roof before listing it on the market).
6. If you don’t already have central heating, consider getting it installed
Although fitting central heating is not the most inspiring home improvement, it’s a must do for any homeowner that doesn’t already have it. While other home improvements have the potential to go horribly wrong, central heating is a safe bet. In fact, figures from a nationwide survey suggest that this can add approximately 13% to the value of your home.
7. Convert your loft
This is one of the most popular and easiest methods of adding space; a loft conversion can increase the value of your property by up to 20 percent. Depending on the location and structure of your home, this can sometimes be carried out without any planning permission, under what is known as “permitted development rights”. Before contacting your local home remodeling company, consider whether the conversion will benefit your property in investment terms. If not, a loft conversion could be a costly error.
8. Add a conservatory or orangery
Adding a conservatory is a sure-fire winner if you want to add extra living space to your home at a cost effective price. You will need to make sure your conservatory blends in with the rest of your home; otherwise it may look as though it has been bolted on. Conservatories can increase the value of your property by around 7%.
9. Obtain planning permission
Since a property with planning permission generally tends to command a higher price than one without, obtaining planning permission can be an excellent way to maximize your property’s value with minimum outlay. The likelihood of you getting planning permission depends on the nature of the conversion, the location and the type of property.
10. Install double glazing windows
Double glazing is one of the most desired qualities for many potential purchasers. Any replacement window(s) should match the overall style of your home. If you have a period home, secondary glazing might be the better option.
This article is brought to you by David; a home improvement and property enthusiast that has written articles for numerous magazines and blogs.
About JM Design Build
JM Design Build is a next generation home remodeler and general contractor in Cleveland and home remodeler in Cleveland, OH specializing in kitchen remodeling, basement finishing, bathroom remodels, home additions, and more. Contact us today for a complementary consultation.