Can spending $5,000 on your home increase the value by $50,000?

Can spending $5,000 on your home increase the value by $50,000?

When it comes to preparing your home for sale, you want to present it as best you can to achieve top dollar. Fixer-uppers can present a problem when you need to sell quickly as significant renovations like a new kitchen or bathroom can set you back tens of thousands of dollars and take several weeks to complete.

What can you do to increase the value? There are a few places you can spend a little money to really present the property in its best light.

  1. Curb appeal. Cleaning up the gardens: weed gardens and pathways, cut the grass, add potted plants, trim hedges and add fresh mulch. Remove any cobwebs and wash veranda light fixtures. Painting the fence or putting up a white picket fence can cost little but improve the curb appeal dramatically. Repainting any architrave outside the home can instantly give the property a fresh look.
  2. Repaint inside. Are your walls yellow or marked and chipped? A good coat of a neutral paint will not only give a clean fresh look but also a fresh smell. Highlight frames and ceilings in white.
  3. Replace carpets. New carpet doesn’t have to cost an arm and a leg. Stripping the old worn carpet and replacing with a neutral tone will clean up a room dramatically.
  4. Deep clean – when your home is sparkling clean, buyers know they are getting a home that is well looked after. Ceiling fans, grout, shower screens, door handles, light switches, update taps for a contemporary feel in bathrooms and kitchens and don’t forget to clean the windows, inside and out!
  5. New light fittings and hardware – out-dated lighting can detract from your home’s best features. New lighting adds a modern feel and brightens up your home. Change the door handles to a contemporary style and update the light switches.
  6. De-clutter – highlight the features of your home rather than the mess. Consider using temporary off-site storage for all those belongings that you have accumulated over the years. It will go a long way towards making you home feel bright and spacious.
  7. New blinds or window treatments. Old or faded blinds and curtains can detract from the appeal of your home. Installing new blinds and curtains in neutral tones will certainly add value.

Budget renovations can transform into big rewards when selling. It may also mean the difference between selling your home quickly and languishing on the market for months…

Spending money on these few little items will present the house beautifully in photos, attracting more buyers to the home opens. Once they view the home, they can automatically tick off floors and walls from their renovation list and focus money on a new kitchen or bathroom if needed.

To find out what you can do to get your property ready for sale, contact me today.

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