How To Improve The Value Of Your Home
Unless you’ve invested thousands in renovations or discovered you’ve lived on historical property over the last few years, your home value has probably taken a hit. According to Patriotledger.com, Massachusetts property owners lost $106 billion in value during the four years following the economic crash. Values dropped almost 11 percent statewide, and homeowners still lick their wounds as the economy recovers.
While only time can restore home values to what they were in 2007, homeowners aren’t helpless in their efforts to boost values. When it comes time to sell your home, the little things can add up to make a big difference. Consider these small upgrades if you’re looking to make improvements to your home on a budget. Sometimes it is the little things that can make a huge difference in your ability to sell your home in a timely fashion.
Clean the Carpets
It’s one of of the most common thoughts when home buyers tour properties: “Well, we’re going to need to replace the carpet.” After years of dirty shoes, spilled drinks and other messy mishaps, many homeowners grow to accept their stained foundations. Replacing carpet is an expensive inconvenience, however, and if prospective buyers tour a home with regularly cleaned carpets, they’ll have more money to add to their offers. Have your carpets cleaned annually to improve the chances that the next homeowner will be able to live with them. In between cleanings, vacuum regularly and clean up any spills with a stain-remover.
Take Care of Your Yard
Obviously, manicured grass, living plants and a groomed landscape makes a home look better, raising its value. Well-kept yards also inspire surrounding homeowners to take care of their properties. As a neighborhood collectively spends time manicuring its lawns, its value goes up, as do the values of the homes within it. Get some exercise and take care of your yard. While you’re at it, lend a hand to your neighbor. Both of you will benefit.
Remove Popcorn Ceilings
A popular trends in the 70s and 80s, spray-on texture, or popcorn, ceilings have gone out of style. According to Fixandflipnetwork.com, these unsightly ceilings decrease home values and deter prospective buyers. Fortunately, this out-of-date materials comes off relatively easily. Some of the material used to create popcorn ceilings in the 70s and 80s contained asbestos. Spray water on the popcorn, scrap off a piece with a drywall knife and send it to a lab for inspection before you begin. If results come back clear, continue spraying and scraping the ceiling until its bare. A fresh coat of paint will raise the value of your home and remove an outdated eye-sore.
Change the Locks and Door Hardware
While pools, backyards and other luxuries are nice, homes have simple fundamental purposes: to provide shelter and ensure safety. If the locks on your doors are more than 15 years old, chances are an experienced burglar could slip past them without much effort. Improve your home’s security by replacing shoddy locks with 21st century deadbolt locks. Not only will the locks look much better, they will also increase the visual security of your home as well. New ans shiny door handles go a long way for little money. Just that extra little touch can change the appearance of your entry.
If you’re looking to make a serious investment in home safety, security companies can provide advanced surveillance technology and 24/7 monitoring. Sturdy locks are a reasonable alternative, however, and will deter petty thefts hoping to get an easy steal. Consumerreports.org rates the Medeco Maxum lock highest in its class.
These are four quick tips that can go a long way in not only increasing the value of your home but making it a lot more salable in the process.