The residential real estate market is heating up, and the National Association of Realtors estimates a 30 percent rise in the number of existing home sales for 2015. If you plan on selling your home, it is in your best interest to make the necessary improvements to maximize the valuation of your property.
De-clutter and Organize
Improvements prior to selling your home should start at getting the place organized. Donate or throw away items you no longer use. Archive your family photos and memorabilia in temporary storage space to de-personalize your home to enhance buyers’ interest.
It takes motivation and elbow grease to de-clutter, but professional organizers can get the job done efficiently. Potential returns range from 3 to 5 percent for this project, but guest-ready neatness counts when pricing your home.
Update the Kitchen
The kitchen should beckon potential buyers with a welcoming appeal. Easy cosmetic changes such as new fixtures for the sink, updated appliances and modern kitchen counter materials may yield as much as 7 percent returns. Fresh paint on the walls, upgraded cabinet hardware and new window covers will do much to make a kitchen look fresh and modern.
Basic Bathroom Improvements
The state of the bathrooms reflect on the overall condition of the house. Fix leaky plumbing, replace old fixtures then re-caulk and re-grout to spiff up the bathroom sink, tub and counters. Bathroom upgrades can yield from 1 to 3 percent returns.
Curb Appeal Matters
Touch up the paint in strategic areas to freshen up the home, but power-washing may suffice instead of whole-house painting. Focus on the front door, facade and street front areas because curb appeal influences buyers’ perception of the pricing of your home.
Read More: 5 Easy Ways to Boost Your Home’s Curb Appeal