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Wednesday, April 1, 2015
30 Tips for Increasing Your Home's Value
The road to selling a home can be a long one. Learn to improve the value of your home based on your budget with these 30 tips.
Home Improvements: Under $100
Tip 1: Spend an Hour With a pro
Invite a realtor or interior designer over to check out your home.
Many realtors will do this as a courtesy, but you will probably have to
pay a consultation fee to a designer. Check with several designers in
your area; a standard hourly fee is normally less than $100, and in an
hour they can give you lots of ideas for needed improvements. Even small
suggested improvements, such as paint colors or furniture placement,
can go a long way toward improving the look and feel of your home.
Tip 2: Inspect it
Not every home improvement is cosmetic. Deteriorating roofs, termite
infestation or outdated electrical systems — you can't fix it if you
don't know it's broken. Hire an inspector to check out the areas of your
home that you don't normally see. They may discover hidden problems
that could negatively impact your home's value. Small problems (such as a
hidden water leak) can become big, expensive problems quickly; the
longer you put off repairs, the more expensive those repairs will be.
Tip 3: Paint, Paint, Paint
One of the simplest, most cost-effective improvements of all is
paint! Freshly painted rooms look clean and updated — and that spells
value. When selecting paint colors, keep in mind that neutrals appeal to
the greatest number of people, therefore making your home more
desirable. On average, a gallon of paint costs around $25, leaving you
plenty of money to buy rollers, painter's tape, drop cloths and brushes.
So buy a few gallons and get busy!
Tip 4: Find Inspiration
An alternative to hiring a designer is to search for remodeling and
decorating inspiration in design-oriented magazines, books, TV shows and
websites. Simply tear out or print off the ideas you want to try and
start your to-do list. Keep it simple — when remodeling on a tight
budget, do-it-yourself projects are best.
Tip 5: Cut Energy Costs
The amount of money you spend each month on energy costs may seem
like a fixed amount, but many local utility companies provide free
energy audits of their customers' homes. They can show you how to
maximize the energy efficiency of your home. An energy-efficient home
will save you money now, which can be applied to other updates, and is a
more valuable and marketable asset in the long run.