HOW TO INCREASE YOUR HOME’S RESALE VALUE: TIPS FOR HOMEOWNERS

 

In the current real estate market, it is important to consider strategies that can increase your home’s worth, whether you’re preparing to sell your home soon or simply making long-term investments. 

In this article, Abbey & Olivier, your trusted West Island real estate brokers will provide some practical advice to help you improve your home’s aesthetics and desirability, ultimately increasing its resale value.

Assess the Value of Your Property

A crucial first step in this journey is understanding your home’s current market worth through a comprehensive home evaluation. Getting your home professionally evaluated gives you a thorough report on its present value in the current real estate market. This information helps you know the true worth of your home and make wise choices about possible renovations.

Tidy Up The Lawn

Outsized shrubs and overgrown lawns will make your house stand out poorly. The good news is that it’s easy to manage. Hire a lawn care company to shape your hedges and trim your grass for just a few hundred dollars. Without breaking the bank, your curb appeal will transform from messy to well-maintained.

Foliage and vibrant plants can make any house look more appealing from the outside. While you’re at your neighborhood garden center, invest in some native or drought-tolerant plants; they will save you more money and require less maintenance and water.

Visually Expand the Square Footage of Your House

The value of your property is significantly impacted by its size, but square footage isn’t the only factor that plays a role. How big a house seems or feels is another aspect to take into consideration. Making every area in your house feel bigger is the trick.

To let light in and create the illusion of more space, replace heavy, closed curtains with vertical blinds. To make a room appear twice as big, consider adding a large mirror. And lastly, tidy up the mess. Rooms generally feel a lot smaller the more messy they appear.

Update Your Bathroom & Kitchen

Updating the bathroom is always a wise decision. Even if a complete remodel is not within budget, making small adjustments like swapping out old wallpaper for a faux or textured finish and updating old lighting can give the room a fresh look without costing you too much.

Upgrading your kitchen can also significantly increase your home’s value. Start by replacing old appliances like the microwave with a new stainless model. Replace your sink to give the kitchen a new feel. Even small kitchen updates will add big value to your home.

Replace Worn Carpets

There’s nothing more discouraging to potential buyers than the idea of having to replace all the flooring immediately. Examine the soft flooring in your home. Do you notice stains or wear on your carpets and area rugs?  While it would be ideal to replace them all, if budget constraints arise, begin by changing the carpet in the room with the most noticeable signs of wear, and gradually replace the others as your finances permit.

Closing

By strategically investing in your home’s resale value, you not only make it more attractive to potential buyers but also create a space that enhances your daily living experience. Consider these tips for a more attractive and functional home, whether you plan to sell soon or simply want to reap the rewards of a well-maintained property. Contact us for a tailored home assessment that will help your property shine in the competitive real estate market.