Wednesday, December 27, 2017

6 Simple Ways to Increase Your Home's Resale Value

When it comes time to selling your home, attaining the highest sale price possible is usually at the top of your priority list. Spending large monetary amounts on expensive home upgrades can end up backfiring and taking large portions from your savings. The good news is, there are surprisingly small and cost-effective ways to dramatically increase your home's resale value. Making your home positively stand out in Boston's competitive real estate market should be prioritized. The following minor home improvements have the power to powerfully maximize property resale value.

1. Refinish Hardwood Floors

Freshly refinished hardwood floors can give any home the pleasant feeling of luxury and cleanliness. Potential buyers are often more inclined to purchase a home with newly renovated hardwood floors,  and are willing to pay extra to experience pristine flooring.

2. Replace Old Light Fixtures

Although a relatively inexpensive purchase, light fixtures have the power to completely change the ambiance of any room. Chunky, outdated, and worn light fixtures appear unattractive and dismal to potential buyers, and negatively affects the atmosphere of your property. Such a small home decor purchase has the power to alter the ambiance of any room, and sellers should utilize this knowledge to their advantage. Replace worn and chunky light fixtures with modern, elegant alternatives, and watch the room's entire appearance improve. 

3. Modernize Your Kitchen

Updating your kitchen is another relatively inexpensive purchase that has the power to beautifully transform any home and dramatically increase resale value.  Potential buyers are highly attracted to homes that lack any worn or outdated appliances. Replace outdated and shoddy kitchen appliances with modern, stainless steel appliances to give your home a touch of elegance and newness. Also consider installing a modern kitchen backsplash, with timeless, neutral tile colors.

4.  Add a Fresh Coat of Paint

Repainting your home is one of the most lucrative ways to make your home appear modern and fresh, which instantly boosts appeal and value. Most people prefer neutral paint tones, which is important to keep in mind before embarking on this home improvement. 

5.  Cut Energy Costs 

Possessing an energy-efficient home is a highly marketable advantage, which can save potential home buyers on utility bills. Start by having your local utility company inspect and audit your home's energy consumption. Their utility experts will show you how to increase the overall energy efficiency of your home, and how to decrease rising utility expenses.

6. Replace Old Kitchen Appliances

When renovating your home, it is important to keep in mind that kitchen updates instantly maximize value. Even minor kitchen updates can highly increase the value of your home. For those homeowners on a budget, try starting with small kitchen improvements. Replace stained sinks and outdated, dingy microwaves with modern, stainless steel appliances. For homeowners unconstrained to home improvement budgets, consider replacing all outdated kitchen appliances with modern stainless steel appliances. Furthermore, consider replacing outdated and stained kitchen countertops with modern, elegant granite countertops. 

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