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Getting Ready to Refinance or Sell? Improve the Value of your Home.

Home value directly influences your ability to refinance your mortgage, and if you're selling a home, you certainly want to get the best price possible. First impressions can significantly influence potential buyers, so you'll want your place looking great when they visit. Whether you're protecting your investment in a home you plan to keep, or are preparing your place for sale, these ideas can help preserve or increase the value of your home.

It's All About Curb Appeal: Exterior Home Improvement
When potential buyers arrive, you want your home looking great. Check out homes around the neighborhood. How can you make your home stand out in an appealing way? If you're repainting, consider colors that compliment your home's architectural style Select colors that are different than those of your immediate neighbors' homes. Pay particular attention to your entryway; it's your visitors' first "up close" impression of your home. Make sure the porch is clean and clutter-free. Painting your front door in a contrasting color is a nice touch. A group of flowering plants in attractive containers welcomes guests. Check that your doorbell is in working order, and that it has a pleasant sound.

Interior Improvements that Boost Home Value
If you're going to refinance your mortgage, your lender will send an appraiser out to determine the current value of your home. Updating kitchens and bathrooms is a great way to increase the worth of your home. On a smaller scale, fresh paint, professional carpet and upholstery cleaning and re-arranging furniture to compliment your home's layout all help in providing a good impression.

Lawn and Landscaping Offer Hints about Your Home
Keeping your lawn green and healthy is important; it's a visual cue that your home is well cared for.Trim overgrown landscaping, and remove dead and dying plants. If you don't have a green thumb, invest in a lawn care service to keep your lawn green and trimmed.

Going Green: Home Improvements that Can Pay Their Way
Environmentally friendly features can add value to your home. Multiple paned windows, solar heating, and energy friendly appliances can significantly reduce energy and utility costs. Environmental improvements can also extend to outdoor areas. Installing drip irrigation systems and landscaping with plants that need little water can attract environmentally sensitive (and cost conscious) buyers.

Small Touches Can Make a Difference
You can add finishing touches that welcome visitors and showcase your home's features. Staging professionals typically recommend:

  • Removing clutter from home and yard including personal photos, toys and any sign of pets.
  • Keep it simple: Place a colorful tablecloth on the dining table with a centerpiece of a bowl of apples or simple floral arrangement.
  • Enhance bedrooms and bathrooms with simple, neutral linens.This helps to show off your home's features including room size and windows.

Your home's value ultimately depends on the subjective judgments of buyers; they'll likely pay more for a home that accommodates their lifestyle and tastes.

 



Posted By :
Karen Lawson is a freelance writer with extensive background in mortgage banking. She holds BA and MA degrees in English from the University of Nevada, Reno.


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