Adding Value to Your Home

frontofhouseI came across this article on HGTV’s website today and I have to say that they have hit the nail on the head as far as what buyers are looking for in today’s market. You certainly don’t have to do all of these things to get your home sold, but if possible, it’s a good investment to consider some of these features for your home.

Take an overall look at your home and choose the options that need the most attention and start there.

1: Spruce Up the Siding
It may not be glamorous, but replacing siding is our No. 1 pick for home improvements that add value to your home. Here is your chance to make a great first impression in the real estate world. If your siding is in bad shape, your home is going to earn the title of fixer-upper. You can usually judge a book by its cover, so old siding sets the tone for expectations of what potential buyers will find inside the house. Try adding curb appeal and lower maintenance with composite siding. Cement board siding is efficient, it lasts, and it’s no maintenance.

2: Make Minor Bathroom Changes
Minor changes can be advantageous because they cost less and often net a greater return than the investment. If you have old tile or a dated tub, sink and toilet, consider replacing those items. If you keep the same layout there’s not a lot of expense that has to go into it. Updating light fixtures, linens and accessories are easy ways to breathe new life into the space.

3: Revive the Kitchen
If you get creative and think about some small changes you can make in your kitchen, you won’t have to spend a ton of money. Take down the rooster wallpaper and paint it a neutral color, for example. More and more buyers are expecting some standard items in a kitchen — things like stainless-steel appliances and hardware. Throw in new light fixtures and you’ve got a great-looking, updated space. Also, some people are looking for gourmet kitchens. Whether they can cook or not, a kitchen is a huge prospect for a buyer. Bottom line: kitchens sell houses, so investing in an improvement in this room is the way to go.

4: Keep Rooms Flexible
Does your home have a unique specialty room like this relaxing plant sanctuary/lounge room? No one’s saying you need to give up your “special place,” but it’s important to hold back a little. Too much customization can be a problem if you ever plan to sell your home, so try not to overdo it. Things like hardwood floors, wiring for cable, phone and DSL, and plenty of windows are good ways to customize while keeping the room versatile. Another idea is to make the space one that can easily be converted into a guest suite, studio, family room or a den.

5: Build a Second Floor
Adding a second story can do more than just create square footage. It can bring balance to an uneven house. A flat roof over a garage can be an eyesore as well as a huge waste of space. You could solve both problems at the same time by adding on to the top of the garage. Use all that dead space to build a master suite or a reading room. You will not only add space, but you will also add tremendous curb appeal.

6: Add to the Attic
Renovate your attic. The space above a garage is often small, dusty and cramped space and sometimes rarely even used for storage. Why not turn it into a bedroom suite? The one pictured above is actually a two-bedroom suite. Add as many windows as possible for that precious natural light. Recessed windows, hardwood flooring, built-ins and custom seating are also great ways to add value.

7: Paint, Paint, Paint
Don’t be afraid of paint. It is one of the easiest and inexpensive things to do to dramatically change the look of your home. Here are some tips: If you are not sure about your color sense, bring in a professional color specialist to help. Also, think classic and neutral. A future buyer needs to be able to picture his or her things in the room, and too much personalization can prevent that. If your painting skills are below par, hire someone. In the end, it evens out because nothing is worse then a bad paint job. So fight your fear of commitment, and add a splash of color.

8: Do a Major Bath Remodel
Transform an ugly duckling into a swan of a master bath by finding more space — but not with an addition. Stealing space can be a better solution if you can find the extra square footage. Open up a closet to make more room, create separate his-and-her areas with separate sinks, or add a skylight to bring in valuable natural light. Updating tub and tile are also good ideas.

9: Add a Deck
There’s nothing like relaxing on a deck in the summertime with a cool drink in your hand. If you don’t already have one, build one! On average, when a homeowner adds a deck to a home, they are likely to recoup approximately 76 percent return on their investment. However, you don’t want your deck to be too big or too small — it shouldn’t be more than a third of your house. Most decks cost about $10,000, give or take. An appraiser’s No. 1 rule is finding homes that are very similar within a mile away of your home, so matching your improvements to the homes in your neighborhood is very important.

10: Refurbish the Basement
A lot of basements are plain, empty and unused spaces that rarely see any visitors. Why let all that space go to waste? Create an entertainment area that will “wow” your guests! Adding a fabulous bar area, seating and beautiful finishes will add character and value to your home.

11: Install New Windows
Installing new windows can be beneficial for more than one reason. On an average house, 30 percent of energy is lost through windows. They are not only important in terms of energy issues, but they are also a signal to a future buyer that the current homeowners have really taken good care of the house.

12: Be Sure an Addition Blends
When building an addition, you want to make sure it blends and does not stick out like a sore thumb. Many additions look like a box that has been attached to the back of a house. Combining design elements of the original house and the addition can create a flawless makeover.

13: Add Another Bath
There is no such thing as too many bathrooms. If your home has fewer faucets than beds, you might want to consider adding a bathroom. If you have only one bathroom upstairs, your guests have to go traipsing up the stairs and throughout your home. That could be uncomfortable for both parties. Why not use that unused space underneath the stairs? It’s a great way to utilize space that would otherwise just be used for storage.

14: Invest In a Major Kitchen Remodel
Having the same old tired kitchen in a 1978 house is likely to stop a house from selling. If you have the yardage, extend your kitchen into the backyard. Size really matters when it comes to kitchens — the bigger the better! Update it with lots of recessed lighting and cherry cabinets, if you can. It won’t be cheap, but it will be a great investment. It could be the difference between being able to sell your house or not in a tighter market.

15: Liven Up the Landscaping
Your yard may be thirsty for a makeover. Dirt and old, dead grass does not constitute a yard. Turn your desert landscape into a destination hot spot with plenty of seating, elegant water features and lush plants. You could even add extra square footage for entertaining. Even if you’re not in a warm climate, glamming up a not-so-hot yard is a good way to go!

16: Get a New Roof
If the neighbors talk about your roof — and not in a good way — fix it! A shabby roof leaves a first impression that the current homeowners do not take good care of the place. If the roof is plain, flat and turning green in the corners, people will look at it and see major problems that could be showing inside the house. Replace the old, three-tab flat shingles with architectural shingles (pictured) that provide a lot more texture and depth. It can really change the character and feel of the house, and the cost can be easy on the pocket. From a purely aesthetic standpoint, a new roof that is architecturally interesting can only be a plus.

17: Add a Family Room
Add more space and square footage with a new family room. What people want these days are open floor plans, so create a bright new spot for the family. Also, everyone loves a fireplace.

18: Create or Renovate a Master Suite
Master suites aren’t really a luxury anymore — they are an expected feature. On average, 33 percent of house shoppers are more than likely to buy a home that has recently been renovated. If you can work within the footprint of a house, you’re going to increase your return on investment. When buyers walk into a master suite, they want to see a cozy open space with a really nice closet. Also, always try to squeeze in every bit of storage you can.

19: Spring for a Sunroom
Anytime you can add square footage and living space to your home, it’s a winner. Build a sunroom in the back of the house where you have less tree cover and more privacy. The result? A stunning addition that transforms the entire house. During the day, the room attracts sunlight, and in the evenings, it attracts guests.

 20: Update the Home Office
Take care of business with a home office remodel. More and more often people are working out of their houses. It is not just a luxury, but a necessity. Turn an unused den or an old office into an inviting work sanctuary with new windows, a fresh coat of paint and built-in shelving, and you’re sure to reap the rewards.

Blessings from all of us at
Coleman Real Estate Group
________________________________
Your Dream Home Could Be Just A Click Away!

Advertisements
This entry was posted in Buying & Selling Tips and tagged , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s