Homebuyers are looking for the best possible deal on a house. This doesn’t mean they want the cheapest home; they want the best value.
You have to create that value by making your home better than anything else they’re going to see in their price range.
Buyers are more willing to spend a little extra for a home that’s just better than the rest.
Home Buyers Are Looking For The Best Deal
It’s not about spending a lot of money. Paying $10,000 for a redesigned bathroom will not make your home worth $10,000 more. It’s about making small home improvements that have a big return on investment. Here are some cost-effective ways to increase the perceived value of your home.
These are the details that many sellers often don’t address. Don’t fall into the trap most sellers fall into thinking these small details don’t matter and will not make the house sell for more. That’s not the point. The point is to make your house a little bit better than the rest.
Homebuyers usually have a hard time making up their mind; several homes meet their approval. It’s these details that can make them favor your house over other houses.
1. Upgrade Your Fans and Light Fixtures
Chances are your house has the same fans and lights every other home in your neighborhood has. Basic builders grade fixtures and fans are an eyesore. Even so, most people never get around to updating them. This is good for you. Updating the fans and interior fixtures make a house feel fancier and feel more expensive. Buyers will notice this immediately, and their interest will be peaked.
It’s not as hard and expensive as you think. Here is a new crystal chandelier in the dining room. It replaced a standard builder grade chandelier, and it looks amazing. The cost?
The crystal chandelier above was purchased for $125 on Amazon Prime, but it looks as good as a $1000 crystal chandelier. If you hire a local electrician to do multiple light fixtures and fans, the cost to install this would be around $50-$100. With a total investment of around $200, the added perceived value of your home goes up much more than $200. If you can install this yourself, even better. You can do all these upgrades and save lots of money.
Upgrading and adding fans
Those ugly builder grade fans. This is a must-do, in my opinion. Fans can cost from as little as $100 for a decent one on Amazon to $1,000 for a very elegant fan. This fan is 72′ replacing the standard, bland 52″ builder grade fan.
This fan was $300 from Lowes.com. Having new, updated fans in your house have a huge ROI (return on investment). It makes your house feel like it’s more expensive. In rooms that have a light fixture without a fan, you should add one. It’s one of the first things they notice when looking at the bedrooms. After upgrading your light fixtures and fans, you’ll be amazed at the difference it makes. It’ll make you wonder why you lived with those eyesores for so long.
2. Update Anything You Can in the Bathrooms
The master bathroom is one of the most important rooms in the house for home buyers. An ugly master bath is a selling agent’s worst nightmare. You have to do whatever you can to make sure the master bathroom as nice as you can make it.
Update the bathroom hardware, toilet paper holder, towel, and washcloth hangers. The items can be found at any home improvement store or online for as cheap as $10 and are easy enough you can do it yourself.
Upgrading the sink faucets make a bathroom feel more customized. Don’t do anything too crazy; stay in line with the theme of your home. You can get new faucets for less than $150. Most likely, you will be able to install them yourself. There are many videos on YouTube explaining how to do all of these upgrades. Look at the difference it makes! The old cheap faucet looks so bad it makes the whole bathroom look awful and outdated.
Replace your own vanity. Installing a new vanity is not as hard as it seems, especially if it’s a small vanity, like what you find in powder baths. This small vanity and sink were $200 on eBay, including all the hardware and faucet. It transforms your bathroom from normal to elegant, increasing the value in the eyes of the buyers.
3. Repair Walls, Repaint if Needed
Patch up any holes and smooth out dents and imperfections on the walls. This is an easy fix you can do yourself. Re-paint the trim if it looks old and has paint chipping off. If you have walls painted with bright or unique colors, repaint them to a neutral color. Grey walls are very popular right now. Painting is very simple, but it can be time-consuming. Spending the extra time to make your walls look great will be well worth it.
4. Give Your House Curb Appeal
The front of your home is the very first thing buyers will see. Not only in person but online. If your home looks dingy, some people may not even click on your listing. Having a bright red door will catch buyers’ attention. Some homes won’t look right with a colorful front door. If it doesn’t look great, repaint the same color; just make sure it looks nice.
- Clean up your yard
- Keep it mowed and trim bushes
- Plant colorful flowers
- Re-paint the front door
- Update outdoor light fixtures
- Repaint faded or cracked trim.
4. Declutter and Clean
This is an obvious one. It’s an immediate turn-off if a home is dirty and cluttered. Buyers won’t be able to see their stuff in the home because all they can see is your stuff cluttering the place. Keep it clean and simple.
5. Replace the Door Handles
This is another cheap but effective way to make your home appear to be more valuable. You can find door handles for less than $20, and you can easily install them yourself in less than 20 minutes. This is especially important if you have outdated looking door handles. If you have round gold door handles, you need to do this right now.
A house with updated features like these will sell faster than a house without them. These changes seem small but make a big difference in the marketability of your home. Your home will instantly become nicer and seem like a better deal than other homes in the same range. These things can also help you avoid a low home appraisal.
Even if you’re not selling your home just yet but want to be ready, make these home updates now so you can enjoy a nicer home for the time you’re there.