So many of my clients are asking me if it's the right time to sell, and I have to ask them if it's right for them. So many people are getting swept up in the market flurry, and for some homeowners, this flurry can be very profitable if the timing is right for them.
Here's a few ideas to not only improve the home you have, but that will also ONLY add value when you decide its the right time for YOU to sell. Home improvement budgets are often limited, which makes those dollars even more valuable to the decisions of which way to improve your property.
I've pulled 7 ideas from an article by Lisa Kaplan Gordon, for the full article with more details and recommendations click here.
#1 Add the Finishing Touch of Molding
Buyers consistently rank both crown molding and chair railing in their list of most desirable decorative features they seek in a home (#3 and #7 respectively), according to the annual National Association of Home Builders (NAHB) survey, “What Home Buyers Really Want.” And at $1.50 per foot if you DIY it, or $8 per foot if you hire, it’s a no-brainer in terms of personalizing your home while adding value.
#2 Install Quality Ceiling Fans
Once ceiling fans were frowned upon — they were just a cheap solution to rising energy costs — ugly, wobbly, noisy eyesores endured because they were cheaper than air conditioning. Not today!
#3 Plant Some Trees
A mature tree could be worth between $1,000 to $10,000, says the Council of Tree and Landscape Appraisers. A 16-inch silver maple could be worth $2,562, according to a formula worked out by the Purdue University Cooperative Extension Service.
#4 Install a Patio
A patio practically pays for itself, costing about $6,400 with a 102% return when you sell.
#5 Do Almost Any Energy-Efficient Upgrade
The value of energy-efficient houses just keeps going up and up. A UCLA study examined the sales prices of 1.6 million California homes from 2007 to 2012 and found that homes with Energy Star, LEED, or GreenPoint certification had, on average, a 9% higher price.
That finding is echoed in NAHB’s report that surveyed homebuyers across the nation: Nine out of 10 potential buyers would select an efficient home with lower utility bills over a less efficient home priced 2% to 3% less.
#6 Add Some Creative Storage
We don’t have to sell you on the value of storage and built-in organization. Since when have you heard someone complain about too much storage? Never, we bet.
#7 Light Up the Outdoors
Exterior lighting makes your home shine in the evening, accents features you like most about your house, and helps keep burglars away. A hard-wired lighting fixture can cost $150 to $250 to install. On the plus side, you could get a 50% return on your investment, says Judith Patriski, a Cleveland appraiser and REALTOR®. Installing motion-detecting lights can even lower some homeowners’ insurance premiums. (Check with your insurance agent.)
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