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How Spending a Little Extra Effort Can Increase Your Home’s Value

By on August 7, 2017
How Spending a Little Extra Effort Can Increase Your Home's Value

If you’re thinking of selling your home in the near future, it pays to think of how you can increase the resale value to the maximum. In fact, it pays to always keep resale value in mind, even if you don’t plan to put your home on the market soon. All homes regularly need maintenance and upgrades. Some hike resale value more than others. Smart homeowners know which ones.

1. Regular Inspections

From dripping faucets to pests to shingles missing off the roof, poor maintenance can send the value of your home downward. That’s not the direction you want it to go! The way to keep your home at top value is to either inspect it yourself regularly or have it done professionally. Dripping faucets can lead to major leaks. Pests like termites can undermine your home structurally. Shingles need to be replaced to prevent water damage.

2. Upgrade the Bathroom

Even smaller upgrades to the bathroom can maximize your home’s value. An investment as small as $750 can yield significant returns. Why? Well, bathrooms can look old if their fixtures are old. But upgrading just one or two can make it look updated. How about new faucets for sinks and baths? That, plus a new shower curtain and sparkling-clean tiles, make a bathroom look great.

3. Remodel Some of the Kitchen

After the bathroom, real estate agents agree that the No. 1 bang for the remodel buck can be obtained from a kitchen remodel. Here, too, you can invest minimally for major rewards. If some part of your kitchen is older than others, swap it out for a new model. If you have an older stove or refrigerator, those should go first.

4. Install a New Garage Door

All garage doors need to be replaced eventually. If you’ve had your home more than 15 years, it might be time. Curb appeal, or what potential buyers see when they drive up, has a big effect on their desire to purchase your home. Garage doors can make up as much as 30 percent of the front of your home. Contemporary garage doors can be beautiful enhancements to the style of your home. Replacing a garage door can thus enhance the curb appeal and functionality at the same time.

5. Paint the Exterior

It’s almost a sure bet that a shabby or peeling exterior can send the resale value of your home downhill. It can also kill a sale, or make prospective buyers very aggressive about low-balling their offer. Exteriors need to be painted regularly, of course. If you plan to put your house on the market in the next year or so, it should be high on the priority list.

6. Clean or Paint Interior Walls

Clean and fresh walls matter just as much on the inside as they do on the outside. If you’re repainted the interior recently, a cleaning job on the walls may be enough. But if it’s more than a few years, repainting is likely the way to go. Think about the interior colors, too. Prospective buyers need to be able to see themselves in your spaces. Neutral colors are best. Ivory is basic: no one reacts strongly one way or the other. Hunter green, though, is personal. Not everyone likes it, and it can cause some people to not feel entirely comfortable with your house.

Want to maximize your home’s value? These six tips are the best ways to do it.

Scott Huntington is a writer from central Pennsylvania. He enjoys working on his home and garden with his wife and 2 kids. Follow him on Twitter @SMHuntington

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