How to Increase the Value of your Home Without Breaking the Bank

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Ever wondered what’s worth spending your money and what’s not when you want to increase the value of your home? Well keep reading for some tips on how to properly update your home so you can see that bottom line getting bigger. One of the biggest tips I can give you is to keep the home as neutral as possible when renovating so that potential buyers can actually imagine themselves living there. Try to appeal to as many people as possible, and avoid customizations that would you think won’t appeal to the masses. After all, “you’re selling a lifestyle when you’re selling a home so you definitely want to think about the demographic, but you want to be broad about that demographic as well.” One way to do this is to look for obvious appeals. For instance, a recent survey done in the U.S. found that “68 percent believe having a fireplace in a home increases its value”. Although that doesn’t necessarily mean you have to go out and buy a new fireplace, especially considering the costs of installing one, simply update or maintain your existing fireplace. Other spots buyers look out for are the kitchen and the bathrooms, so the primary focus of any renovation should exist there.

The quickest and most cost effective way to update your home is to add a fresh coat of paint. This method has the biggest impact on attracting buyers. Furthermore, new cabinets add great value to any home and it doesn’t have to be costly either. In the bathroom, consider doing a revamp of the vanity, which is another cost effective method to getting the value of your house higher. Finally, the most important one is the landscaping in my opinion. This is the first thing buyer’s see, so this one is a no brainer. By simply mowing the lawn regularly, and keeping it green and clean, that adds more appeal than you could imagine. Essentially, “It’s not that you have to break the bank to update your home to sell. You’re not trying to remodel it for the next person, you’re trying to make it appeal to a mass market with some updates.”


Taken from an article written by Devon Thorsby from U.S. News

http://realestate.usnews.com/real-estate/articles/11-popular-home-updates-that-are-worth-the-money/?src=usn_fw&utm_source=11-popular-home-updates-that-are-worth-the-money&utm_medium=share&utm_campaign=addthis

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