Selling Your Home? How to Minimize Your Costs & Maximize Your Profits
The housing market has been wild over the last couple of years, and this is pushing many sellers to try to update their properties and sell for far more by adding value. Unfortunately, without direction, some sellers can end up spending so much on updates that the home can’t gain enough weight to make up for it: wasting money.
These are some of the best ways to update your home and add value to it without worrying about loss!
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Do a Mini Kitchen Makeover Instead of a Maxi Makeover
Many immediately assume the best way to update a property is a complete overhaul of their kitchen. But unfortunately, what many don’t realize is that there’s a larger return on investment if you make a small update on a kitchen instead of a full update. Smaller updates include replacing fixtures and cabinets or updating the floors and appliances. These updates, when accomplished in small portions, offer a larger return on investment than their maxi makeover counterparts.
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Pay Attention to Deep Cleaning Inside and Out
Most buyers don’t want to think about how their home was owned and used before they bought it. Because of this, most value clean and well-kept houses higher than if the home had grunge or dirt. The good news is that this is a free update you can do to increase the cost of your property and help you skip forward to using a seller closing costs calculator.
For the exterior of your home, you can deep clean by renting a power washer and using it on any brick, concrete, siding that’s in good condition, or even metal exterior of your property. This will cleanse away any dirt or grime and allow you to increase your property’s value for less than $100 per day you rent the powerwasher.
Stage the Home for Success
House staging is something that every homeowner should do when listing their property. Not only does it increase the amount of money the average home sells for, but it also decreases the amount of time it takes to sell a property so that 90% of staged homes will sell in less than two weeks. This is fantastic for anyone who wants to sell quickly and still make more money on their property than they would otherwise.
Update Your Garage Door First
Replacing your garage door offers the largest return for the investment of any home update. This doesn’t necessarily mean that you have to update the whole garage: but garage doors and their mechanisms only last an average of ten to twenty years. This is a three thousand dollar change that can add up to ten thousand dollars of value to your property.
Get The Most Out of Your Property
Regardless of whether you’re flipping a house or you’re selling your home to upgrade to a bigger one: it’s not impossible to change things to increase your property’s value. Take account of how much you’re investing, and make sure that you don’t spend more than 10% of your property‘s value on any one room.
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