Now is a great time to sell your old home. But first, you may want to complete a few minor repairs and renovations around the property. Housing prices are quite high right now, which makes selling a lucrative prospect. However, you still want the most money possible for your old home. If you sold through a realtor, you would be paying fees and commissions. If you sold to a real estate investor, the money is yours to keep. Now, it’s all about making the most possible. Here are a few steps to improve your home’s condition and boost property values.
There is an old saying; “You’re not buying the home, you’re buying the kitchen.” If the kitchen is in disrepair, few investors or buyers will touch the property with a ten-foot pole. When most people enter a home, they gravitate towards the kitchen. They want to see the new appliances and glistening countertops. Investors are the same way.
Before you sell, consider updating your kitchen. Remodel the backsplash, the countertops, and the cabinets. Install a new garbage disposal or dishwasher. Or, go all out and install all-new appliances, from the refrigerator to the range.
Landscaping is one of the easiest ways to increase property values. If a buyer sees healthy trees, blossoming flowers, and a green lawn, there are immediately drawn to the property.
Here are a few landscaping tips:
- Plant native trees in strategic locations around the property to reduce energy costs by up to 50%.
- Plant new shrubbery and allow space for them to grow fully.
- Replace annual plants and flowers with perennials to cut costs.
- Water your lawn regularly and properly but don’t overwater your lawn.
Painting can be a lucrative DIY renovation. A fresh coat of paint in, say, the living room can transform the entire area. Go from a dull, boring color to something bright and colorful to really make the interior pop.
Some people spend thousands of dollars on a whole-home paint job. You can do the job yourself by visiting the local hardware store, picking up a few cans of paint and supplies, and taking a weekend to work. A little manual labor never hurt anyone. In doing so, you’ll be able to charge more for your home. Its value will increase. And selling becomes so much easier.
If you want the most money out of your home, sell to a real estate investor after you complete a few minor repairs, renovations, and upgrades. You’ll spend a little money now to earn a lot more later.