Here are a few tip on how to increase property value include the Best Home Improvements repair video guide by Boracina Cash Home Buyer near me Ultimate Guide. What can you do to your house to get the most value and the highest return on investments before you put it on the market? How’s it going everyone? Matt Layton. Welcome back to another real estate video. Today’s video is going to be all about seller ROI. We’re going to cover the top seven items that you can do to your property that will increase the value the most before you put it on the market.
Now, this isn’t going to be like HGTV where your budget is $50,000 and you’re going to be doing full gut jobs and opening up walls. This isn’t going to be like that because, guys, letting you in on a little secret, HGTV is not real. This video is going to be for real people like you and I who may only have a couple thousand or maybe even a couple hundred dollars and that we can spend on the property to make it look amazing before it hits the market, and if you only had a few hundred dollars, wouldn’t it make sense to spend that money where you get the highest amount of return, right? The best value, of course.
With that being said, let’s take a look at the top seven items that you as a seller can do to get the best return on investment. Number one is paint. Far and away the best thing you can do with your money is to spend it on a nice clean paint job. Things like the family room, rec room, dining room, living room, bedroom. All of this needs to be a light colored, a neutral paint. If you already have a light color paint job, maybe it’s best, maybe you can just get by with just a touch up, but if you have bold colors, things like green, red, purple, yellow, you’re going to want to get neutral.
I’ve seen a lot of yellow houses recently, like yellow interior house. Guys, that’s not what I mean when I say light, neutral colors. Neutral, think white, think gray, think eggshell. Like, like an egg. Well actually no, this is an example of what not to paint. Not this eggshell.
Living in Arlington, you always get the brown organic eggs. Classic Arlington, but eggshell like this egg. You don’t want people to remember the color paints in your house. That’s not something you want your house to be memorable for. The paint should almost be an afterthought. It’s main purpose is to brighten up the space, to open up the area and to compliment the furniture in your house.
Number two is to improve the lighting where possible. Notice I said where possible. You’re not going to want to go out and buy a lavish chandelier. You’re not going to want to go out and buy light fixtures that don’t match the style or even the size for where you’re going to put the light fixture. Whereas the paint, it’s almost an afterthought for the buyer where it’s hidden in plain sight. The paint is going to look so nice that the buyer’s attention is going to be on the room and they’re kind of going to ignore the paint.
You kind of want the opposite for the lighting fixtures. You want them to notice the lighting fixture. You want them to notice how bright the room is. A good thing is that Home Depot has really cheap track lighting. Any big box retailer has really cheap lighting fixtures that can drastically improve the space. Old lighting fixtures really detract from the value of the house. New lighting fixtures brighten up the room, make the room look larger, and are one of the best investments you can do before you sell your house.
Number three is to replace out wall switches, faucets, door knobs, and door handles. These things make a difference. Guys, these are things that you spend a very little amount of money on and can make a big difference. Now, you may be thinking to yourself, Matt, what am I going to go out and spend $50 and then get $100 worth of value? Not worth it to me.
Points well taken. Think about it this way. If you go out and replace the door handles on your 1940’s door and you get something from this century, your incremental value may not increase $100, but your home will sell faster and time is money.
Old fixtures take away from the house’s value. It’s distracting. People get caught up in the smallest little details, ugly outlets, dirty yellow outlets. Go out, get some nice GFCI outlets, get some nice bright wall covers and when you put it on the wall, it’s going to look nice paired up with that fresh coat of paint.
Number four is to do minor kitchen upgrades. Guys, I say this one with some hesitation because I know you’re out there just waiting to type in there. Well, stats show that if I spend $15,000 I won’t get my money back and kitchen renovations are a waste. Guys, keyboard warriors, I’m not talking about tearing down the kitchen.
I won’t even say the word. I’m only talking about doing one of three things. First, installing granite countertops. Second, refacing cabinets, and third, installing a sick backsplash. If you already have the countertops, great. Do the cabinets. If you already have the cabinets, great. Just do the backsplash.
Guys, sexy kitchens sell properties. Look, you’re on a tight budget. Do one of the three if at all possible, but don’t go overboard in the kitchen. Don’t dump a lot of money into the kitchen because what you might like might not be what the next person likes. So don’t go overboard. Do one of the three, counters, cabinets, just the refacing, or a backsplash and don’t go overboard.
Number five is to install hardwood floors instead of carpet. Guys, imagine a situation where you have carpet in your dining room, living room and bedroom that needs to be replaced. Well, instead of getting fresh new carpet, consider installing hardwood floors. Guys, nobody wants carpets anymore. This isn’t the 1980s. Hardwood floors are in and it’s what buyers want.
You only get one first impression and you need to impress the buyers. Guys, if it’s a budget issue, maybe only do hardwoods in the living space and keep the carpet in the bedroom, but always opt to hardwood floors if you have to replace the carpet already. First impressions makes the space a lot larger and it’ll stick out for maybe some of your competition that has the dingy carpet.
Number six is staging your house. Staging is one of the best things you can do to help sell your house quickly and for the most amount of money. Here’s the deal. No matter what anyone tells you, buyers cannot imagine furniture in a room unless they see it in person. In addition, staging is going to give off that warm, homey vibe. Do you ever walk into a property house, condo, townhouse, and it just feels warm, feels like home? It feels friendly, right?
Alternatively, if you’re walking to a house, a vacant house, and it feels cold, it feels unfriendly, feels like a rental. Staging takes care of that. In addition, pictures are going to look better online. Awkward spaces are going to be taken care of. Rooms are going to look bigger, and the attention is going to be put on the benefits of the house and the drawbacks are going to be hidden. Staging costs about $1,000 to $2,000 per month for condos and about $2,500 to $4,000 for houses. That’s a lot of money.
However, if you were to sell your house 30 days quicker because of staging, you’re going to get all that money back and more time is money. You’re going to sell it quickly and for more money. Staging is definitely worth it, guys, and it’s something to strongly consider if you’re on a tight budget. I can’t say that with a straight face, guys.
Staging is expensive. If you can’t afford to professionally stage, hire a staging consultant. They’ll tell you what to do with your own furniture or my rule of thumb is take out about 50% of your furniture. I told this to someone one time and they were like, oh, well that’s going to make it difficult for me to live while the properties on the market. My response, good, like it should be difficult. That means I’m doing my job. That means I’m standing up for you and telling you the best thing that you can do to help sell your house.
If I just say, oh no, just keep living your life the way it is, Mr. Seller, it’s okay. Where’s my value if I can’t stand up to you now? I’m going to get steamrolled at the negotiation table. It shouldn’t be easy to live. Depending on your lifestyle, it shouldn’t be the same. It shouldn’t be easy if you have a lot of furniture, so either pay for staging or get about half of your furniture out of the way. It’s going to make a world of difference.
Number seven is landscaping, and the best part about this one guys is that it’s free or you can take care of it with very little costs. You can go to Home Depot, buy mulch, buy a few plants super cheap, but guys start off by doing the bare minimum. Don’t go overboard. Just do the bare minimum. The first thing you want to have is make sure your lawn is freshly trimmed.
We had a house for sale in North Arlington over the summer. I go to do the open house. 14 days on the market. The yard looks like a vacant home. It looked like I had just hit a tee shot and I was finding my second ball. Guys, it was up to my shins. I’m like, what are we doing? This is North Arlington. Let’s get our act together.
Do the bare minimum, maybe some mulch, maybe some flowers, depending on the time of year. You don’t need to go overboard. I’ve said it once, I’ve said it a hundred times, but curb appeal is a big deal, and if it’s unkept, you might have already sealed the fate of your house before the buyer has even stepped foot inside your property. Make sure the curb appeal’s looking nice and the outside looks as good as the inside.
There you have it. The top seven things that you can do as a seller that will get you the best return on investment, ROI. Guys, does my list look like your list? Did I leave anything out? Let me know in the comment section below. Let me know if you agree with this list or if you want to add anything. Thank you so much for watching. Until next time, create a productive day. Take care.