Wednesday, September 5, 2012

Tips for Adding Equity to Your Home


We all want to sell our home for more than what we paid for it. There are a number of things we can do to make this happen, including making exterior and interior improvements that increase the value of your home.

The following are some tips for adding equity to your property, putting you in a better position to sell your home in Chester County:

Make a minor renovation
Adding value to your home doesn’t need to be costly or time consuming. A simple coat of fresh paint and an attractive color scheme can put a new twist on an old room. In the living room, aim for colors that will offer a bright, open appearance. A splash of color and well-organized look will strike buyers as inviting and can even make small rooms look bigger.

Make a major refurbishing
If you’re willing to put in a little more work and money, refurbishing a room can make a huge difference in the eyes of potential buyers. Take a room that is outdated or unused and turn it into something that will excite them. Adding a bar to your finished basement will help it stand out, and replacing your old kitchen countertops with granite will give your kitchen a sleek, modern look. Although larger renovations require more time and money, they are typically worth the investment.

Make an exterior remodel
The first part of your home that buyers will see is the outside, but it’s an area that is often neglected. Reroofing your house or adding new siding can make an old home look new again.

Landscaping is also important. Plant some flowers and make sure that you mow your lawn regularly. The goal is to make your house appear welcoming from the outside so that visitors will be inclined to come inside for a closer look.

Make an addition
Making an addition to your home is a great way to increase its value. Adding another bedroom or bathroom will put your house in higher demand and certainly increase its worth. Be sure to keep rooms flexible so that potential buyers can imagine themselves living in the space, and decorate accordingly.

You can also install a deck outside that can be used for entertaining guests. The point is to utilize the space on your property to maximize its potential.

Whether you’re working with a tight budget or have room for major renovations, there are plenty of great ways to add equity to your home. Remember that in a competitive market, every detail makes a difference.