Increase Your Home’s Value Up to 28% with These 5 Tips

Great curb appeal not only makes your home the star of the neighborhood, it can also improve its value and help you sell your home for more. Whether you’re thinking of selling your home or just want to make your home the envy of your neighbors, here are several ways to increase your home’s curb appeal.

1. Make your home’s exterior look like new.
For many potential buyers, the condition of the exterior of a home can offer clues to the condition of the interior. The first place to start when boosting curb appeal is the exterior of your house.

Paint is the best way to make your home appear newer. While you can paint your home yourself, if it’s large or more than one story, consider hiring a professional. Painting is a fairly inexpensive improvement with between 60 to 100 percent return on investment.

Increase your home's value.
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Garage doors. If your garage doors are in good condition, give them a new coat of paint. If they’re beginning to show their age, consider replacing them. Not only are new garage doors more energy efficient and better insulated than older models, they also have a 91.5 percent return on investment.

2. Pay attention to the small details. The small details tie your home’s exterior together and help it stand out from others in the neighborhood.

  • Paint the front door and trim; install new door fixtures. This inexpensive improvement adds brightness to a home, whether you choose a bold color, a neutral tone or classic white. It might even be worth it to put in a whole new door to give your home a whole new look.
  • Update your house numbers. Make sure potential buyers and guests can find your home. If the numbers have faded or need an update, replace them. If choosing a metallic finish, make sure it matches the finish of your exterior light fixtures.

3. Tend to your driveway and yard. 

Well-landscaped homes may sell for between 5.5% and 12.7% more than other similar homes and studies show it may also add up to 28 percent to your home’s overall value.

  • Place a border along your driveway or walkway made of brick, stone, pavers or another hardscape element to add visual interest to a plain driveway.
  • Maintain your green space. If you have grass, a well-maintained, green lawn makes your home look inviting and picturesque. However, for Las Cruces, water conservation is becoming more important. Xeriscaped landscapes incorporate drought-tolerant vegetation that thrives in our climate, such as lavender, sage, wisteria and agave, with water-saving drip irrigation and mulch. Xeriscaping has a cost savings of 36 cents per square foot annually through reduced irrigation and maintenance costs. Additionally, these landscapes are virtually maintenance free, which makes it an attractive option for busy homeowners.
  • Include trees and shrubs to create texture and add interest to your landscape. Planting a few types of trees and shrubs of varying heights, widths and flowering times boosts your home’s curb appeal year-round.

4. Make it feel inviting. 

It’s no secret that emotions play a role in a person’s decision to purchase a home. Stage the outside of your home to evoke warm feelings.

Outdoor Living Space
  • Make your porch or courtyard more appealing. If there is room, including seating, such as a chair or loveseat, an outdoor rug and a small table. If space is an issue, incorporate small decorative touches, such as a festive wreath or potted plant.
  • Hang flower boxes or place nice planters and containers and place them around your porch or on your front steps.
  • Choose flowers and plants that bloom at different times of the year for year-round appeal. For example, bulbs not only bloom all spring, they also multiply and come up every year. Perennials often flower for most of the year and will prevent you from having to replant them every year.
  • Remember to spiff up your outdoor living spaces. Usable outdoor living space adds value to any home and adds to your enjoyment of living there.

5. Whether you are thinking of selling or just want to enjoy your home, consider staging.

Home staging is the art of creating positive impressions that evoke positive feelings from the living spaces of our homes. I’ve had people fall in love again with their home after a home stager has come in to highlight their home’s features in getting it ready to go on the market.

Why wait until you are ready to sell to arrange your home in a way that makes you feel happy?  Consider staging your home as if your were trying to impress potential buyers, and just enjoy it for yourself! And when the time comes to sell, you will already have that task accomplished.

Great photos increase your home’s value.

 

Remember, before you start any home project, keep these four things in mind:

1. Why are you renovating? Is your intention is to update your home and get it show-ready or do you want to sell it for more money? Don’t fall into the trap of undertaking major renovations that may not pay off when you sell. If your home is in good shape, a few inexpensive updates may be enough to make your home attractive to buyers.

2. The style of the neighborhood. Whenever you renovate your home, make sure the project fits with the style of the neighborhood and rules of the homeowner association.

3. Permits. If you’re planning an extensive exterior renovation, you may need a permit from the City or County.

4. Budget. A budget keeps your project’s costs and scope in check. Make a list of the improvements you’d like to make, set a realistic budget and stick to it. If you’d like advice on improvements you can make to increase your home’s value, give us a call.

Are you thinking of adding value to your home to get it ready to go on the market? Do you want to find out how to get more money for your home and sell it faster? 

1. Remodeling, 2019 Cost vs Value Report
2. Realtor Magazine
3. REALTOR.com
4. 2019 US Houzz & Home Study: Home Renovation Trends
5. Houselogic.com