1. Curb Appeal: Do not downplay the importance of appearances. A well manicured lawn gives buyers an impression of the inside of the house before they even see it. Invest in some paint and spruce up your front door.
It is said most home buyers make their decision within 7 seconds of seeing a home. Consider adding a cobblestone finish to your driveway, a brick look to an old walkway or a slate finish around the pool or patio. Whichever texture you choose, it will be a huge improvement over standard concrete and potential homebuyers will really take notice.
2. Complete Repairs: Make your home more move-in ready by making needed repairs needed around your home. If you are selling, hire your own inspector before you put your home on the market. The last thing you want is to have a contract on the table, only to learn the inspector found dry rot! If you know in advance, you can take care of it. If a home inspection turns out well, it's likely the buyers will feel good about their purchase and not ask for costly fixes or concessions.
Small repairs may not seem important on their own, but if every room has just one thing wrong, those small things will add up. This creates the impression that your home has been neglected.
3. Go Green: Replacing old dusty carpets with new ones or hardwood floors not only improves air quality but provides a more modern feel. You could get a more efficient energy plan or filter your drinking water to save plastic bottles.
Learn how to maximize the energy efficiency of your home. An efficient home will save you money in the long term, even if the updates require investment initially. Savings can be applied to other updates, and is a more valuable and marketable asset in the long run.
4. Enhance Your Bathroom: Even if you don`t have the money for those expensive upgrades. Upgrading the decor and changing the fixtures works wonders. Bath updates can be your best bet for a big return, netting, on average, an 80-85 percent return. One cost-effective change — like replacing an outdated vanity, old plumbing and lighting fixtures, or adding a new tile floor — will provide a lot of bang for your buck and give your bath an updated, modern look.
5. Keep Renovations Current: Like a car; and new paint job and a spring cleaning goes a long way for homes. One of the simplest, most cost-effective improvements of all is paint! Freshly painted rooms look clean and updated — and that spells value. When selecting paint colors, keep in mind that neutral pallets are most appealing to the typical buyer. A clutter-free home appears cleaner and larger, which is more attractive to homebuyers and therefore more valuable.