It’s no secret that upgrading, renovating and remodeling your home before listing it can help boost its sale price. But what if you don’t have a lot of cash to invest in that? If all your savings are going toward that new down payment, your children’s college fund or some other venue? Does that mean you’re stuck asking an average price for your home, even when you know it’s been well-cared for and properly maintained?
Though big-budget renovations can certainly add some zeroes to your asking price, the truth is, they’re not the only way to boost your home’s value. In fact, sometimes, those bigger ticket items are actually less impactful than some smaller, more affordable fixes and upgrades.
Do you want to up the value of your home before putting it on the market, but don’t want to break the bank doing it? Then forget big bathroom renos and kitchen overhauls. Stick to these 5 affordable yet powerful upgrades, and watch the price start climbing up:
- Give the kitchen a cosmetic facelift. Big kitchen upgrades like replacing appliances, adding a new backsplash or changing out tile are going to cost a pretty penny, but those aren’t the only ways to give your kitchen a little sprucing up. In fact, all you need is a little paint! Neutral cabinets are in huge demand right now, so buy a few cans of a light or muted tone, repaint your cabinets and maybe upgrade the handles and knobs if you have a little extra room in the budget. You’ll be surprised at the way it can transform the room. If your appliances are looking outdated, you can even use an epoxy paint to give those a facelift, too. The buyer will think they’re getting an entirely new room!
- Let there be light. More light equals a big, more expansive looking room, so take a good hard look at the home’s light fixtures, and see if there are any that could use an upgrade. Take out that boring old recessed light in the bedroom, and add a big, bold statement fixture that spreads the light out instead. Forget outdated sconces and install a beautiful chandelier in the foyer that greets potential buyers the second they walk in. Sometimes, even just upgrading your light bulbs can make a difference in how open and welcoming your home looks!
- Invent a new room. Adding a new room to your home would cost thousands and thousands of dollars, not to mention some serious professional help. Instead of going this route, pick a room in your house to “transform,” and use it to create a brand new space for potential buyers. Maybe turn a bedroom into a perfectly pink nursery, or turn that unused dining room into a library full of shelves and books. Ask your realtor what types of additional spaces are in demand in your market, and try to tap into that with your “new” space.
- Add more storage. Buyers are always looking for storage areas – places to put their dishes, the kids’ toys, their photo books and mementos, etc. Though adding new cabinets or built-ins throughout the home would be seriously costly, those aren’t the only ways to up the storage real estate on your property. Instead, consider investing in some low-cost organization systems found at your local hardware store. These add serious storage space to closets, shelves and cabinets, and they offer an easy way to offer buyers more space with the same amount of square footage.
- Update your entryway. Your front door and stoop are going to be the first things potential buyers see, so upgrading these areas is a great idea – especially if you’re on a limited budget. While replacing an old door might be too expensive, a fresh coat of paint is a cheap and easy alternative. You can also upgrade the handles, locks and other hardware, or power wash the door and stoop to give it a cleaner, newer look.
No matter what your budget is, there are ways to improve your home and boost its value before putting it on the market. Want suggestions for how to increase your home’s listing price? Contact the real estate experts at The Claus Team today. We’ll help you get your home in tip-top condition so that it sells quickly, easily and just the right price. Call us now to get started.