The real estate market is tough these days. With depressed prices and so many homes on the market, buyers have the luxury of being picky.
If your house isn’t attracting much interest, it might be time to consider tackling a few projects that will make it stand out. The extra effort is especially important if you need to sell quickly.
You probably don’t want to dump a ton of money into a house you’re trying to sell, and understandably so. But even a small investment can lead to a big payoff – namely, a higher sale price and fewer days on the market.
1. Spice Up Your Kitchen
The kitchen is the most important room in the house when it comes to resale value. If you’re going to pick just one room to improve, this should be the one. The kitchen alone can make or break a sale.
Complete kitchen remodels cost tens of thousands of dollars, but you don’t have to gut the room and start from scratch to make a big impact. Have the cabinets refinished or resurfaced and change the hardware. You can alter the look and feel of the room for less than $1,000.
2. Replace Old Carpet
There are few things as unappealing as carpet that is stained or smelly. Some buyers simply won’t be able to look past it, even though replacing carpet is quick and relatively inexpensive.
Carpet is much cheaper than other types of flooring, although prices vary widely depending on quality. You can spend $1 per square foot for the cheap stuff or $10 for high-end carpeting. When you’re selling your home, you probably want to split the difference and opt for mid-grade.
3. Add A Fresh Coat of Paint
Painting is one of the cheapest and easiest ways to give your home a facelift. For a few hundred dollars, you can make the entire home look brighter and cleaner. Removing old wallpaper can also drastically improve the look of your home’s interior.
Painting can easily be a do-it-yourself project, or you can hire a professional. Whatever method you choose, always choose neutral colors, keeping in mind that potential buyers may not share your taste.
4. Refinish Hardwood Floors
Hardwood floors are a great selling feature. They’re highly sought after by buyers. But if you’re not showcasing your hardwoods at their best, you might be turning away potential buyers.
Over time, hardwoods begin to show wear and tear. Refinishing them is a great way to revive the entire room. As a do-it-yourself project, expect to spend $1 to $3 per square foot. A professional might charge about $5 per square foot. Either way, it’s a quick and affordable project.
5. Hire a Professional Decorator
Your home is a reflection of your personal style. But potential buyers might not share your taste. Believe it or not, some buyers will overlook a home because they can’t picture it designed to match their style.
Most professional decorators offer staging services for a reasonable fee. They’ll offer advice on how to neutralize and de-clutter your home to appeal to a wide range of buyers. They might also be able to loan you more neutral furniture and accessories.
If you can’t afford to hire a professional decorator, do some research and try to do the staging on your own. You can start by removing family photos and other personal items. Or, ask your real estate agent for staging advice.
Karen Lawes is owner of WinterisHere.com, a site dedicated to helping with winter home improvement projects including roof snow removal and furnace repair.
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