Is it a buyer’s market or a seller’s? According to experts, it’s been a mixed bag this year, and both sides remain at a standoff.
But if you’re one of the fortunate few who’s already locked down your next abode, we have some tips that could help make the process of selling your home quickly and getting the most out of your investment a little less daunting.
Of course, the more money you make on the sale, the more you’ll have to put down on your next home. That means it’s important to capitalize on easy improvements that won’t break the bank.
Clear the Clutter
Believe it or not, experts say this simple project can add nearly $2,000 to your home’s value. So, before it hits the market, clear out anything that isn’t absolutely necessary.
Grab a Brush
One of the easiest yet most cost-effective improvements is fresh paint, which studies show can bump up your home’s value roughly 1-2%. Keep in mind, neutrals appeal to the greatest number of people and look clean and updated—that spells value.
Hit the Yard
Good curb appeal has been shown to increase a home’s value by 5 to 20%. Go beyond the normal mowing, weeding or mulching, and try planting shade trees.
They can make your home look more desirable as well as potentially cut your cooling costs by as much as 40% if properly placed.
Mix It Up in the Kitchen
Kitchen remodels can get expensive, but even simple updates like installing a backsplash, new cabinet hardware or a light fixture can give your room a more modern look while adding value. And, like in the kitchen, even small renovations to a bathroom can equal big returns.
Replace an outdated vanity, install lighting fixtures or add a new tile floor.
Be Smart With Technology
Technology evolves fast. But products like a smart thermostat or keypad locks can be useful for years to come. Features like these can help boost your home’s value between 3-5%.
Remember...
Once you sell your home and make the move, contact your ERIE Agent to ensure your homeowners policy has the right coverage for your new digs.
