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Latest posts by Gea Elika (see all)
- The Costs Per Square Foot of Renovating in NYC - April 17, 2018
- What is an Exclusive Listing Agreement when Selling Real Estate? - April 7, 2018
- Making Sense of (FAR) Floor Area Ratio in NYC - March 31, 2018
If you are thinking about selling your home or getting a home equity loan, small improvements can make a big difference. Increase the value of your home with a plan and a little time investment. Real estate experts in New York weigh in on tried and true ways to increase the value of your New York property.
1. More Kitchen
Kitchens are still the most attractive spaces in a home. The better the kitchen, the more interest you will get. You don’t have to spend $50,000 to completely gut your kitchen. A small investment can transform your space in hours. Replace old, bulky appliances with modern, energy-efficient models. Put a fresh new coat of paint on the walls, fix the cabinets, and consider replacing or refreshing the flooring.
Image by Shaun James Cox / Flickr
2. Add Some Green
Head to the local nursery for outdoor plants and a few tropical plants for the indoors. Adding green to your home sets your property apart from the others. When you choose plants and foliage for the outside of your home, make sure they don’t take over the home. They need to serve a purpose without taking up too much space, and they must be easy to care for. Never underestimate the power of planting a tree.
Image by stephanie vacher / Flickr
3. Refresh the Paint
The longer you live in a home, the more it shows on your walls. The unique colors you chose to decorate rooms in your home won’t impress buyers regardless of how much you love them. Buy high-quality paint and keep it neutral. When you paint your home with neutral colors, it allows potential buyers to envision their own decorations and color schemes.
Image by Daniel J Donovan / Flickr
4. Add Modern Amenities and Technology
Make the home easy to use. Simple and affordable upgrades such as programmable thermostats, whole-house generators, LED lights, water filtration systems, high-efficiency windows, and energy-efficient hot water heaters are attractive amenities when shoppers are looking at listings.
5. Inspect it First
Instead of waiting for an inspection to come in from the buyer, have the home inspected first and address any of the concerns before the home goes up for sale. If the home is already inspected, the process is easier and fewer concerns arise for the buyers when it comes time to close.
6. Rethink your Flooring
How old is the flooring in your home? If you’re still sporting the shag or brightly-colored carpet that was there when you moved in, it’s time to rip it up and replace it with more attractive flooring. Replacing the carpet does two things: increases the appeal with easy-to-clean flooring, and improves the air quality in the home. Hardwood, tile, and laminate flooring are easier to clean and they don’t stain or hold in odors.
Image by OldeWoodLtd / Flickr
7. Get Organized
Clear out the clutter and get organized. It doesn’t matter how clean your home is or how big it is—if it’s cluttered and unorganized, potential buyers will swipe past your home when looking at photos online. The handful of visitors that you do get to view the home won’t stay long. The more attractive your home, the more valuable it is.
Image by Shaun James Cox / Flickr
8. Get to Know your Neighbors
Buyers want a good neighborhood. Your relationship with the neighbors plays a big role in that. When you talk about your friendly neighbors, it gives new buyers a sense of security. Also, the appearance of your neighbor’s home affects the curb appeal of your own. If you have a good relationship with your neighbor, they are more likely to spruce up the outside of their home to help you out, or they are at least more receptive to it if you ask.
These are just a few simple steps you can take to improve the value of your home. What are the most successful ways you increased the value of your property before you sold? Let us know.