Along with owning a home comes the possibility of growing your wealth, especially if you’re preparing to put your home on the market. But how do you go about boosting your ROI, especially in Antrim County? You can’t control every factor that goes into your home’s value, but there are some upgrades you can make to increase your home’s value. Keep reading for some pointers on improving your Antrim County home value.
Improve curb appeal
While some curb appeal-boosting projects can be expensive, such as adding a manufactured stone veneer, there are cheaper options and smaller projects you can do yourself. Changes as simple as making sure your grass is watered and green, fixing chipped paint on your garage and front door, fixing up your porch, adding a garden, and more can go a very long way.
Your real estate agent will likely emphasize the importance of curb appeal because first impressions can significantly impact a sale. In fact, a study showed that 76% of agents agreed that curb appeal improvements are the number one project you should complete to improve your home’s marketability, and over 94% believe curb appeal will boost your home’s end value.
The outside of your house is the very first thing a potential buyer sees. If you have a sloppy-looking front yard, that could hurt the potential sale. If something looks worn or old, that impression might be the thing that sticks in the head of whichever buyer notices it. But if it looks brand-new, upgraded, shiny, that may make a buyer feel pressure to offer more to beat out other potential buyers.
If your budget allows, fixing up your front porch and front door can be a great asset when providing prospective buyers with an excellent first impression, which will ultimately improve your home’s overall value.
Make cosmetic interior updates
Small finishing touches on faucets, knobs, and other heavily used fixtures around your home are a low-cost way of increasing the value of your home.
Two rooms that should have your primary focus if you want to upgrade or improve fixtures are your bathroom and kitchen. Fix leaky faucets, upgrade your sink, fix the chipped paint on your cabinets and get matching decor.
Tip: Search for homes with a similar layout to yours and see how the owners have remodeled their bathrooms and kitchens to keep up with the possible competition.
Add smart home technology
A recent survey found that most buyers want smart technology in their homes, especially if these systems include safety features.
Invest in energy-efficient appliances
Decluttering and staging
Professional home stagers spruce up each room in your home with furniture, plants, and other thoughtful touches that take away the personal clutter of your day-to-day life.
A study shows that 23% of real estate agents said that staging a home increased buyer offers by 1-5%. 15% said it increased offers by 6-10%, while another 9% increased offers from 11-20%. Staging is proven to be an effective tool to not only get your home to sell quickly but to get higher bids, thus improving your home's ROI.
It also helps that staging itself isn’t necessarily expensive, and there is always the option to stage your home yourself if you have experience or if you can do the research to help you.