June 27th, 2020
Figuring out which improvements can increase home resale value can be really tricky and selling your home can be a bit of a financial burden if it’s lost any of its value since you moved in. You’ll be losing money you could be putting towards your next house if you just sell it as is. Thankfully, there are a few different ways you can increase the resale value of your house and potentially even make a profit when you sell it.
Let’s take a look at 4 ways you can improve the resale value of your home and make putting the down payment on your next one a little bit easier.
Upgrade Your Soffit
This is a lesser known upgrade to the underside of your roof that can have a big impact on resale value. A damaged or missing soffit can be a big turnoff to home buyers. This is because soffit protects the underside of your roof where it hangs over the edge of your house. With no shingles, your soffit is the final layer of defense against moisture buildup and a potentially moldy attic which can be a nightmare to deal with.
Try going with a soffit that matches your siding or complements it, for extra style points.
Install New Flooring
Floors are one of the first parts of a house to sustain a lot of wear and tear. Replacing yours before you sell it could create a huge upswing in the resale value of your home. Install new carpeting where your home has seen the most traffic, brand new carpet sticks out in a room and potential buyers will appreciate it.
You might also consider having some distressed hardwood flooring installed as well. Distressed hardwood is in style right now and the sleek smooth look of your new hardwood floors could drive up your asking price significantly.
Choose Durable Countertops
If you have countertops made from a softer material, they can become scratched, chipped, and damaged to the point of lowering your home’s value. Try replacing your old busted countertops with new quartz or granite countertops. Both of these materials are not only durable, but beautiful. Granite can be slightly less durable if it’s made with certain weaker stones, but still generally holds up well.
As far as the look goes, granite can come in a wide variety of colors and patterns, whereas quartz is typically found in one main color and tone. You can, however, find different styles of
quartz that mimic the patterns found in granite slabs, and bold colors that you might not be able to find with granite.
Whatever you choose, it will definitely be a solid upgrade from your old weathered countertops. New countertops are a big selling point for a lot of buyers and your resale value should reflect that
Invest in New Siding
When it comes to selling your home, it’s important to make sure your house siding is in tip top shape. The exterior of your home is the first thing potential buyers see. Flaws in your siding could drive interested buyers away. Luckily there are many siding options to choose from to help you achieve the look you want. From traditional vinyl to wood and fiber cement siding, finding the right material for your home should be easy.
If you like a rustic, farmhouse look but don’t want the hassle that comes with wood siding then consider a steel material. Board and batten steel siding is a great maintenance free option. This is a newer product that gives you the look of wood, without the constant upkeep.
Whether you’re looking to sell or stay in your home forever, siding can make a huge impact to the curb appeal of your home. Research all the options available and find the right siding option for your home
Use These Tips for Maximizing Your Resale Value
If you really want to go all out, you can combine all three of these tips to see how high you can get your resale value. The investment is worth the payout in most cases and even if you can’t afford all three of these upgrades, simply upgrading your soffit, flooring, or countertops will go a long way towards improving your home’s resale value.
This article is courtesy of the fine folks at www.innovativebuildingmaterials.com Explore their site for more information and feel welcome to contact Matt Lee, chief innovative officer at firstname.lastname@example.org
Which Improvements Can Increase Home Resale Value
Additional Remarks by George Fotion
Don’t forget everyone, Palos Verdes is of course a unique hilly community. That means two of the more important factors Buyers pay a premium for are VIEW and LOT UTILITY. Contact me and let’s talk about ways to enhance either or both for your home so that your home experiences more demand from Buyers, sells before competing homes do and for a higher price. Before listing your house for sale, use these tips to make informed decisions