You've probably heard the saying "it's a buyer's market" when it comes to real estate. People selling their single-family homes need to make sure that their properties stand out and that they appeal to potential buyers so that their homes do not languish on the market. Here are some affordable renovations to consider to add value to your home so that multiple offers come your way.
Repaint The Interior
Many real estate professionals recommend that sellers repaint the interiors of their homes prior to listing them on the market. A fresh neutral paint job may increase your home's value and make it more appealing to potential buyers.
Neutral paint tones such as beige, off-white, and gray complement almost any decor and look great with all types of cabinet finishes, wood flooring tones, granite counter hues, furniture fabrics, and window treatment colors.
If your walls are painted in bold colors such as deep red, turquoise, brown, or yellow, potential buyers may be turned off. Many buyers want to avoid repainting, and even if they like your home, they may move on to another property that has neutral paint on the walls.
If you want to save money, do the paint job yourself, but only if you have the expertise to do so. Don't forget to factor in your supplies such as the paint, brushes, painter's tape, and tarps to cover your furniture and floors. To save yourself the time and trouble, however, hire a professional painter.
Spruce Up The Outside
The exterior of your home and your front yard is the first thing that potential buyers see when they pull up to your property. When your home is attractive to buyers, it is referred to as "curb appeal." Having your lawn professionally landscaped is not terribly expensive and will add perceived value to your home.
You only have one opportunity to make a good first impression, so do not let the opportunity slip away by not sprucing up the outside of your home. If you want to invest a little more money, consider installing a decorative stone walkway leading up to your entryway.
While a well-maintained lawn and attractive walkway add curb appeal and increase the perceived value, overdoing your outdoor "makeover " by installing elaborate fountains and expensive paver stones may not be cost-effective enough to make the expense worth it.
To learn more about how affordable renovations can increase the value of your home so that it sells quickly, contact a local real estate agency like Big Red Team: Keller Williams Realty.