You Can Bank On Our Rates

The most local, national and online bank rates!

Quick Fixes to Boost Your Home’s Value

By manybanking.com Staff
Selling your home in the current housing market is no picnic. Housing prices have fallen so much that you’ll be lucky to break even if you bought in recent years. Those who are looking to buy are also looking to get a bargain. To squeeze the most value out of your home you have to present your home at its best.

Category Product: 
Home Equity
Category Finance: 
Personal Finance
Keywords: 
Home Value, Home Equity, Housing Market, Home Loan, Mortgages, Home Renovations, Buying a Home, Selling a Home, Owning a Home
Introduction: 

By manybanking.com Staff
Selling your home in the current housing market is no picnic. Housing prices have fallen so much that you’ll be lucky to break even if you bought in recent years. Those who are looking to buy are also looking to get a bargain. To squeeze the most value out of your home you have to present your home at its best.

Renovating a home can dramatically increase its value, but few have the funds readily available to mount a full-scale renovation. Fortunately, there are some strategies that any homeowner can employ to increase the value of their home without breaking the bank. Here are quick, easy and cheap things you can do to get top dollar for your home:

1. Tackle the clutter. Living in a home for a number of years, you accumulate a lot of “stuff.” Stuff is a big distraction for potential buyers and often overshadows the selling points of your home. The first thing you should do before you list your home is go through each room with a garbage bag and a few storage boxes. Throw away or pack away all the unnecessary books, knick-knacks, framed photos, magazines, etc. If it doesn’t need to be there, get rid of it.

2. Boost the curb appeal. How your house looks on the outside will tell buyers what to expect on the inside. Take a weekend to catch up on all of your yard work like cutting the grass, raking leaves, pulling weeds, pruning overgrown hedges and cleaning the gutters. If you have bald spots in your grass, buy some inexpensive sod to fill them. Make sure the outside of your home is also free from visible clutter as well.

3. Clean the carpets. Dirty carpets are an immediate turn off for homebuyers because they instantly think, “oh, there’s something that needs to be done.” If your carpets aren’t spotless, you should give them some attention before you list. Rent a commercial-grade carpet cleaner from your local home improvement store to tackle the job for cheap. Or, spend a couple hundred dollars to hire professionals to do it for you. For a splurge, go even as far as replacing the carpet altogether. Odds are, you’ll make your money back and then some.

4. Paint. Fresh paint makes a home feel crisp and new, even if its 100 years old. If you can’t afford to paint, touch up any areas that have marks or cracks. A little bit of spackle and touch up paint can give the appearance of a new paint job and really help to sell your home.

5. Stage your home. Go through each room and give it a single purpose. Then, arrange the furniture to showcase that purpose. For example, if you have a room that functions as an office and a guestroom, pick one and go with it. If a room has too much furniture, store the excess. Staging a home allows buyers to imagine how they would decorate if they were to buy your home. Focus on aesthetics, not on function.

6. Turn on the lights. Make sure all of the lights in your home have working bulbs and are positioned to show your home in its best, well, light. When you prepare for a showing, turn on all of the lights to greet the buyer. Don’t forget exterior lights as well.

7. Fix the little things. Fixing minor issues around the house like a running toilet or a bathtub that needs caulking will make your home feel that much more move-in-ready. Picky buyers will be drawn towards the minor problems, so let them focus on the big picture by correcting any nagging issues.

—For more ways to save, spend, invest and borrow, visit MainStreet.com.

Disable Autopaginate: 
Auto Paginate
Body: 

Renovating a home can dramatically increase its value, but few have the funds readily available to mount a full-scale renovation. Fortunately, there are some strategies that any homeowner can employ to increase the value of their home without breaking the bank. Here are quick, easy and cheap things you can do to get top dollar for your home:

1. Tackle the clutter. Living in a home for a number of years, you accumulate a lot of “stuff.” Stuff is a big distraction for potential buyers and often overshadows the selling points of your home. The first thing you should do before you list your home is go through each room with a garbage bag and a few storage boxes. Throw away or pack away all the unnecessary books, knick-knacks, framed photos, magazines, etc. If it doesn’t need to be there, get rid of it.

2. Boost the curb appeal. How your house looks on the outside will tell buyers what to expect on the inside. Take a weekend to catch up on all of your yard work like cutting the grass, raking leaves, pulling weeds, pruning overgrown hedges and cleaning the gutters. If you have bald spots in your grass, buy some inexpensive sod to fill them. Make sure the outside of your home is also free from visible clutter as well.

3. Clean the carpets. Dirty carpets are an immediate turn off for homebuyers because they instantly think, “oh, there’s something that needs to be done.” If your carpets aren’t spotless, you should give them some attention before you list. Rent a commercial-grade carpet cleaner from your local home improvement store to tackle the job for cheap. Or, spend a couple hundred dollars to hire professionals to do it for you. For a splurge, go even as far as replacing the carpet altogether. Odds are, you’ll make your money back and then some.

4. Paint. Fresh paint makes a home feel crisp and new, even if its 100 years old. If you can’t afford to paint, touch up any areas that have marks or cracks. A little bit of spackle and touch up paint can give the appearance of a new paint job and really help to sell your home.

5. Stage your home. Go through each room and give it a single purpose. Then, arrange the furniture to showcase that purpose. For example, if you have a room that functions as an office and a guestroom, pick one and go with it. If a room has too much furniture, store the excess. Staging a home allows buyers to imagine how they would decorate if they were to buy your home. Focus on aesthetics, not on function.

6. Turn on the lights. Make sure all of the lights in your home have working bulbs and are positioned to show your home in its best, well, light. When you prepare for a showing, turn on all of the lights to greet the buyer. Don’t forget exterior lights as well.

7. Fix the little things. Fixing minor issues around the house like a running toilet or a bathtub that needs caulking will make your home feel that much more move-in-ready. Picky buyers will be drawn towards the minor problems, so let them focus on the big picture by correcting any nagging issues.

—For more ways to save, spend, invest and borrow, visit MainStreet.com.

Savings Center
Sponsored by

green arrow NEW: sbup Credit Center

 

Looking for your credit score?  It's quick and easy with our Credit Center powered by Experian!

  • Free Credit Score
  • Credit Articles
  • Credit Reports

Get your score and save money today!

green arrowFinancial Resources

Calculator Calculators: Access to our Savings, Mortgage, Auto Loan and Personal Finance Tools.