| 10 Ways to Boost House Value |
Want to know some good ways to boost your home's value? Here is a top 10 list courtesy of thisoldhouse.com. 1. Create Space Knock out a non-structural wall, or even remove that kitchen island. Anything that opens the space and creates a sense of flow in the house is generating a response from buyers who can afford to be choosy. For the price of a few hundred dollars, you'll transform the feel of the house.
Tangled trees and unkempt bushes can obscure views, darken interiors, promote mold, and block a good look at the house. "People forget about their trees more than almost anything," says Roger Voisinet, a thirty-year veteran of the Charlottesville, Virginia real estate market. Yet, landscaping is one of the top three investments that bring the biggest return. According to a 2007 survey of 2,000 brokers conducted byHomeGain, an online real estate marketing site, an investment of around $400 or $500 dollars in landscaping, can bring a return of four times that. "It could really make a significant difference in the price. Nobody likes to spend money, but landscaping might even be the most important thing, even if owners have kept up the house," says Voisinet. 3. Let in the Light The number one item on the 2007 HomeGain survey, lighting—everything from a dimmer switch to the increasingly popular sun tubes—noticeably enhances a home's appeal. California broker Robert Bailey says, "Dimmers allow you to create a mood." He's a booster of sun tubes, too. Less expensive than framing in a skylight, sun tubes—also known as light pipes, sunscoops, and tubular skylights—use reflective material to funnel natural light from a globe-capped hole cut in a rooftop down through a ceiling fixture and into a room. Bailey says, with tubular skylights, sunlight is nice, and moonlight is even nicer. "I'm putting six of them in my house. I don't need a skylight, but I do want the natural light." 4. Don't Put Off Care and Maintenance Before thinking about a fancy upgrade to the kitchen, address the basics. Insulate the attic, repair plumbing leaks, replace rusty rain gutters, inspect the furnace and the septic system, replace or repair leaky windows, install storm doors, weed the flower beds. As broker Robert Bailey says, "What you don't notice as a weed, I see as a weekend of work."
5. Go Green If maintenance and repairs are in hand, Virginia broker Roger Voisinet says put the greenbacks into green efficiency. If your heating or air conditioning systems are old, "new ones are so much better, with savings of up to 30 to 40%." Another example he points to: for $7,000 for the unit and installation, with $2,100 back in green tax credits, a solar-powered water heater could save you as much as 80% on your water-heating bills. 6. Home Begins at the Front Door ERA's Kristin Willens says, "Don't underestimate the power of a front door. People make up their minds in the first seven seconds of entering a house." 7. What's Under Your Feet? Don't undervalue the materials you're standing on. Ninety-four percent of real estate pros recommend spending some money on floors. But it doesn't have to be a lot of money. For an estimated average investment of $600 to $900, brokers report that the return in value comes in at up to $2,000. 8. Easy Bath Upgrades Brokers, one and all, say spiffing up the kitchen and bath is a sure bet for adding value to your home. Surveyed brokers say these kinds of improvements can get expensive. It may not be economical to do a major renovation if you are trying to spend as little as possible before putting a house up for sale. But some upgrades are cheap, easy, and fast...especially in the bathroom. Replace frosted glass for clear glass, clean the grout, remove rust stains, apply fresh caulk, update doorknobs and cabinet pulls, replace faucets, and install a low-flush toilet. Even buying a new toilet seat can make a difference. Bailey says, "You can spend $500 on a bathroom, and it's totally tuned up."
If you're getting ready to put a house on this circumspect market, don't allow walls with chipped paint to go unmaintained. If you need to do more than a touch up, choose neutral colors. 10. Remove the Question Marks from Your House Haas calls it the "What's that?" factor, and whatever it is (1950s wallpaper in a 1930s bungalow, a broken front step or cracked threshold, green-and-blue vinyl flooring), fix it or remove it. She recommends getting the impartial advice of a friend who can tell you what's drawing attention and raising questions for the wrong reasons. "The more questions, the more people are likely to say, 'We don't want that house.' Sometimes it's the quick fix that someone put in thinking, 'I can live with it.''' Haas says those fixes bite you back later when it's time to sell because prospective buyers are looking for more than jerrybuilt solutions. |
| Post added 31st Dec, 1969 |