5 Ways to Boost the Equity of Your Home this Summer
Spring and summer are the most popular times of year for
home buying and selling. If you are
considering selling your home, it’s a good idea to take a critical look at it
before you list. Many people think that
boosting your home’s equity costs a lot of money. Truth is there are many things you can do for
very little money and get top dollar for your home.
Painting the interior walls of your home can add significant value |
Lincoln Savings Bank and Century 21 LSB Real Estate have
come up with some ways that you can increase the value of your home before
putting it on the market. So take a look, then get to work!
(All figures taken from HomeGain’s 2009 survey of
1,000 realtors across the country. While this data is a few years old, it can
still give you a good idea of which projects to go after)
Clean and De-clutter-
buyers want to visualize themselves in your home, and that’s hard to do
with a lot of your stuff in the way. Make sure carpets are cleaned, all
cabinets, drawers and closets are cleaned and organized, and keep your
bathrooms sparkling. Average cost: $100-200,
home price increase: $1500-2000, realtors recommending this: 98 percent
Replace or shampoo
carpets- your carpet should appear clean and not come with an odor. Those
that are odorless can be cleaned, while smelly carpets should be replaced with
an odorless and neutral color carpet. Average
cost: $400-500, home price increase: $1000-1500, realtors recommending this: 97
percent
Brighten things up- the
more light you can get into your home, the better. Clean all windows, shutters,
blinds and drapes, install the brightest light bulbs possible at the right
wattage and prune trees to make sure they aren’t blocking any light. Average cost: $200-300, home price increase:
$1000-1500, realtors recommending this: 95 percent
Tame the yard- landscaping
is a must since many buyers will judge a home based solely on “curb appeal.” Remove
all clutter and dead/dying plants, trim/prune grass, bushes, hedges, trees, and
edge and trim to give the yard a nice boundary. Average cost: $300-400, home price increase: $1500-2000, realtors
recommending this: 94 percent
Give your home
interior a fresh coat- whether it’s touching up or completely repainting a
room, getting it right means prepping right. Repair nicks or cracks in the
drywall, sand down patched areas prime, and be sure to use a quality paint. Average cost: $500-750, home price increase:
$1500-2000, realtors recommending this: 94 percent
These are just a few ideas to add value to your home equity.
Updating kitchens and bathrooms are also great ways to make sure your home
sells at the price you want.
If you have any home improvement loan needs, or you just
need help getting your home on the market, we would be glad to help! Just call
any of our locations and allow our team to help you work through your problems.
We hope to hear from you soon!
Labels: Century 21 LSB Real Estate, home buyers, home sellers, Real Estate
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home