When you start thinking about selling your house, it is extremely important to start thinking about how you can make improvements to your home in order to get the most money for it. However, since you are selling your home to make money, you also don’t need to lose money by pouring in cash to improvements or renovations. You’ve heard time and time again how important it is to repaint, or re-caulk, and the like. But, you should know that these aren’t the only improvements you can do to increase the value of your home.
This may surprise you, but studies have found that remodeling outdoors will offer you some of the return on investment. The verdict here, is that you should consider spending your hard work and money on the outside, rather than the inside. Curb appeal is extremely important and can literally determine whether or not a buyer will consider your house. However, you might be wondering which projects you should take on. Here are the ones that are the most likely to get you a great return on investment when it comes to the sale price of your home.
– Patio repair
– Replacing or re-staining the wooden deck
– Basic lawn care such as weeding, throwing out flowers and plants
– Replacing the grass
Obviously, each of these projects will cost different amounts. Simply adding new grass or replacing old grass is an extremely cheap and easy way to increase your curb appeal. Some studies say that home sellers should spend around 9-22% of the homes value on landscaping. While that is a general rule of thumb, you’ll have to be the judge. For example, perhaps your yard is already in tip-top shape. Also keep in mind the length of time the project will take.
If you decide to re-pave your driveway, or add new hardscaping, you need to consider that timetable into when you list your house. Do not list your home before you have made these improvements. No one wants to have to step around wet cement to view your house. Again, it is easy for a home seller to roll their eyes at the thought of spending money on improvements for a house they’re planning to move out of. However, do not underestimate the advantages of these improvements. They will soon turn out to be an investment that shows itself in the form of a sold house.