The Houston real estate market is hotter than it’s been in years. As the economy continues to improve and confidence in real estate increases, values are skyrocketing.
If you’ve thought about selling your home but have been waiting for the right moment, now’s the time. We’re in a seller’s market; with the right strategy, you should get an excellent return.
Seven Simple Ways to Increase Value
As you approach a potential sale, it’s wise to do everything you can to boost the value of your home. Even in a seller’s market, you can do certain things to make your property even more attractive to buyers. You might even be able to spark a bidding war.
In a seller’s market, the key is to avoid overdoing anything. It’s not necessary to make your house perfect. But by addressing some surface issues and showcasing your home in the sharpest manner, you can enhance the overall value without having to invest a lot of time or money into the process.
Here are a few specific ideas you might consider:
- Freshen the Paint
Your first move is to freshen all the interior walls with new paint … at least in the money rooms, such as the living room, kitchen, master bedroom, and bathrooms. A fresh paint job makes an entire home look and smell like new.
This is also the perfect time to make sure the style and design of your home are cohesive. If you have red in the kitchen, blue in the living room, green in the dining room, and so forth, you won’t be doing your home any favors when potential buyers show up.
They’ll want a clean, conservative look. Try shifting to neutral colors throughout, such as grays, whites, beiges, and tans. These may well look boring to you, but you’re much less likely to discourage a potential new owner when you feature safer colors like these.
- Pay for Professional Landscaping
Curb appeal isn’t just something Realtors like to talk about. Your home’s appearance from the curb on in will set a first impression among potential buyers. If they see weeds, overgrown bushes, dead grass, and leaves on the driveway, they’re naturally going to feel some reservations about your place.
Even if you’ve never paid for professional landscaping in the past, it’s worth hiring an experienced crew to spend a few hours in your yard to help you spruce up your curb appeal. According to one real estate expert, a landscaping investment can bring as much as a 215 percent return on investment in the closing negotiations. Just imagine!
- Improve Lighting
“The right light can make any room look bigger, airier and more desirable,” real estate blogger Anne Miller writes. “It can create a dramatic mood, draw attention to focal points in your décor and make a big difference in how you — and potential buyers — feel about your home.”
One of your smartest yet simplest moves would be to purchase bright light bulbs for every lamp and fixture in your home. Prior to a showing or open house, have your agent go through the space and turn on every light in every room.
This might seem like overkill, but buyers are subconsciously pleased by light. Of course, you should also pull back all the shades and blinds to let in as much natural light as possible.
- Modernize the Kitchen
Even if the rest of your house is up to date and modern, a kitchen that is not in any respect will hold back the package as a whole. The kitchen is usually one of the first rooms that buyers gravitate toward, and old appliances or cheap materials can be a major turnoff for them.
Fortunately, the kitchen is also one of the top rooms in terms of renovation ROI. By putting in stainless-steel appliances and granite or quartz countertops, for example, you can expect to bump up your sale price 3 to 7 percent.
Since it will cost you only a few thousand dollars to do this, the investment is pretty hard to beat.
- Replace Old Carpet
Few cosmetic issues lower a house’s value more than old carpeting. Among the absolute best things you can do to add value to your home, is replace old, worn carpet with something that’s fresh and neutral.
Beige is by far the best choice for color. Stay away from white, blue, green, etc. Not only does new carpet look great, but it contributes to that elusive yet powerful “new home smell.”
There’s something about walking into a house that has new carpet and paint that makes it seem brand-new, regardless of how long ago it actually was built.
- Stage the Property
Buyers don’t like to see a lot of clutter. It’s also entirely possible that some of the people who visit your home won’t like your style.
Instead of risking damage to your home’s perceived value because you have the “wrong” furniture and décor, why not pay for space to be professionally staged? Not only does this enable you to move out, but it’s also been shown to enhance value in successful home sales by as much as 10 percent.
- Hire the Right Agent
Finally, you need to hire the right agent. You could invest in as many home improvement projects as you can handle, but if you don’t have a solid agent, you aren’t likely to recoup as much value as you could.
A good agent will make the effort to get to know your property and the specific features and improvements you’ve chosen to invest in. He or she will then communicate this value appropriately to interested buyers and help you get top dollar for your home.
Let Green Residential Help You Sell Your Home
Selling a home can feel like an extremely personal undertaking. As you prepare to sell your residence, you should locate a real estate agent who understands your particular circumstances, as well as the marketplace you’re in.
We at Green Residential have been involved in the real estate business for more than three generations, so we understand both the personal nature of home sales, as well as the Greater Houston market.
If you’re interested in working with an agent who will put your needs first, while helping you maximize your return, please contact us today. We’d love to assist you through this exciting process!