The cost of homeownership and maintenance can be expensive.
Complete remodels can cost upwards of $50,000 dollars and your return on investment may be minimal depending on the current housing market. However, there are some easy, cheap fixes to consider prior to listing your home.
- 1. Paint – Day to day life can leave your walls and ceilings looking scuffed and dated. A few fresh cans of paint can make those faded walls look vibrant and new. For only a few hundred bucks you could paint your entire house while dramatically increasing your home value. Be sure to paint with neutral colors to attract more potential buyers.
- 2. Replace Fixtures – Outdated fixtures can discourage potential buyers and decrease your home’s value. Replacing fixtures is generally a cheap and easy fix if you are willing to put in a few hours on the weekend.
- 3. Landscape – First impressions are everything! A dated lawn sets the mood for the house tour. Go to your nearest landscaping store and spend a few hundred dollars on mulch and flowers. The increased curb appeal will pay for itself tenfold.
- 4. Step up your storage – The only cost to the homeowner here is sweat equity. It will cost you nothing out of pocket to take things off your shelves and put them into storage. A decluttered home sells a lot quicker and generally for a lot more than a home that has a lot of “stuff” laying around.
- 5. Update the Bathroom – Removing old laminate and replacing it with tile can only cost you a few hundred bucks. Paint or stain those dated oak cabinets and simply regrout what is already there. There is no need to completely remodel and deal with headaches of demolition. Simply work with what you have and replace the cheaper aspect of the bathroom with something new and modern. It is well within reason to think you can remodel your bathroom for under a grand. Potential buyers will reward you for your efforts with a higher offer.
These cheap and easy fixes will result in more buyers’ interest and more offers. It is reasonable to think that you could complete all these updates for under $3,000. If I told you this could increase your home’s value by $20,000, why wouldn’t you consider it? Help yourself when you are considering selling your home. Your bank account will thank you.