Average new home prices reached $544,000 in October 2022. The figure is slightly higher than September’s $516,400 average sales price. Despite the increase, home sales continued to remain strong, reaching 633,000 units in October from the 588,000 units sold in September.
But aside from new homes, homeowners are also selling their properties. They want to take advantage of the increase in home prices. So, if you plan to sell your home, ensure it is in the best condition possible. Improving your home for resale can help you get top dollar when it’s time to list. Investing in some upgrades and improvements can pay off in the long run. Here are some of the ways you can improve your home for resale.
Improve Curb Appeal
The first thing potential buyers will see when they come to see your home is its exterior, so it’s essential to ensure that your home has great curb appeal. This means painting the front door and trim, planting flowers or shrubs around the entrance, washing siding and decks, and ensuring that all outdoor lights are working properly. All of these small changes can have a significant impact on how attractive your home looks from the outside.
If you’d like to increase your home’s appeal even further, consider investing in outdoor furniture or accessories. Adding a bench, chairs, a small table, and some flowers can create an inviting atmosphere that buyers will be drawn to. You could also spruce up the entryway with a new welcome mat, potted plants, or seasonal decorations.
Improvements to your home’s curb appeal are one of the best and most cost-efficient ways to increase its value and attract potential buyers. These simple steps can make a big difference in how attractive your home looks from the outside and could help you get top dollar when you finally put it on the market.
Enhance the Outdoor Living Area
Enhancing the outdoor living area is one of the most important steps a homeowner can take when trying to resell their home. It can be an incredibly effective way to increase prospective buyers’ value and interest level in a home, adding a great deal of curb appeal and making it more attractive to potential buyers.
Outdoor living spaces can be designed to include various features such as patio sets, fire pits, water features, outdoor kitchens, and more. This may require some landscaping or hardscaping design to create the desired look and feel. Also, consider adding elements such as seating areas and pathways to make it easier for buyers to envision themselves living in the home.
You can install durable corrugated roofing sheets to replace damaged sheets in the outdoor living area. This will provide extra protection from the elements and allow you to host outdoor activities even in bad weather. Additionally, adding awnings or canopies can help create an inviting atmosphere while protecting people from the sun’s harsh rays.
Adding lighting around the outdoor living area is also crucial for increasing its value. Not only does it make the area look more attractive, but it also helps create a safe and secure environment. Solar lights are a great option as they are cost-effective and provide an environmentally friendly source of illumination.
Update Kitchen and Bathrooms
A kitchen renovation is one of the most cost-effective ways to increase your home’s value before listing. Even if you need more money for a full remodels, there are still plenty of smaller updates that you can do that will yield great returns on investment.
Some ideas include replacing faucets and fixtures, updating cabinets with fresh paint or hardware, installing new countertops or floors, and adding a backsplash or updated lighting. In bathrooms, swapping out old vanity tops with granite or quartz countertops and updating faucets and fixtures can go a long way toward making them look more modern.
Additionally, updating the tiles in the shower or bathtub can make a difference. Even if you don’t have enough money to fully renovate a kitchen or bathroom, these simple updates can help your home stand out and add value before listing.
Make Small Repairs
Buyers don’t want to walk into a house full of problems that need fixing—so take care of any minor repairs before listing your home! Even if they seem minor, like patching holes in walls, those little details matter when it comes time for someone else to buy your house.
You should also check windows and doors for drafts and replace leaky faucets. Additionally, repairing cracks in tile grout, fixing burned-out lightbulbs, and cleaning carpets can help increase home value.
You should also fix torn screens and touch up the paint where necessary. Doing these tasks now will save buyers from tackling them after purchase—and may even result in higher offers!
Improving your home for resale doesn’t have to be an expensive undertaking—even minor updates can have a big impact on how attractive potential buyers find your property when it comes time to list it. Investing in things like improving curb appeal, enhancing the outdoor living area, updating kitchens and bathrooms, and taking care of any minor repairs will help ensure you maximize its value when you sell it down the line.