Maximizing resale value can be easy if you are willing to put in a little work. The homes that are selling for the highest value, are the ones that are in the best condition. This will draw more attention, bringing in more buyers, resulting in a shorter sale timeframe, and perhaps multiple offers depending on the market conditions. We’ll tell you some simple tips and tricks to help maximize your resale value. Stay tuned.First impressions of your home count. People are judging whether they will look at homes based on what they see online. Your online presence is very important. To this end, we need to prepare your home for the best first impression possible. Of course there are large projects that will have large impacts, but at a large price tag. This would include kitchen remodel or bath remodel. There are small “mini remodeling projects” that have a high impact at a lower cost.
These projects are weekend projects that have the best impacts on resale value. The first mini remodeling project is fresh paint. Putting a fresh coat of paint can get rid of scuffs and dirt and makes things feel fresh. An added benefit is changing the color into the current trending colors. Painting is one of the lowest cost projects that you can do that yields a higher sale price.
Consider painting the kitchen cabinets if you have 90’s golden oak tone. A coat of off-white enamel paint on the cabinets can really freshen up the kitchen. Also consider painting the front door. This can help people feel more comfortable.
Along with paint, you could consider replacing the flooring. Fresh new carpet, refinishing hard wood floors or replacing laminate with luxury vinyl plank that is waterproof and wears well, can do wonders for resale value. Replacing the flooring makes it harder for a buyer to say “no.”
The next mini remodeling project is replacing light fixtures. This can go a long way to help freshen up an older house. If you have antique light fixtures, don’t remove them. We’re talking about replacing the 90’s glass-and-brass fixtures.
Another mini remodeling project is to change kitchen and bath knobs and pulls on the cabinets. If you have brass handles, replace them with modern stainless steel or nickel pulls makeing the kitchen more contemporary.
As you can see, these are smaller jobs that can be done over several weekends. They don’t have to involve tens-of-thousands of dollars, but yet they will return a higher sale price on your home.
After those mini projects are done, there are a couple of other things that will greatly help the resale value.
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