Real Estate ROI: Adding Value to Your Home

January 16, 2017

How to get the highest resale value on your home

The single most important thing that sellers can do to maximize their equity prior to selling a home is to implement necessary home improvements that add the most value.

I have pre listing improvements done to about 70 percent of the homes that I list before they go on the market. Typically, I have my sellers spend anywhere from $50k-$500k for work that typically includes paint, carpet, the opening up of walls to create a great room (if one doesn’t exist), re facing cabinets (hyperlink), and light landscaping. These improvements, which typically take from one to three months, usually provide a 3-4 x return on the capital invested. 


Adding Value to Your Home - Exterior PaintExterior Paint

 

 

 

 

 

 


 

Buyers are drawn to photographs that present CONTRAST. The best colors for contrast on the inside are white and pale grey. On the outside, it is a creamy white color for the exterior. The contrast of greenery on the outside with a white façade is fantastic for photo shoots! Here is a great resource for simple tips when staging your home to sell: http://www.housebeautiful.com/design-inspiration/g4166/home-stager-design-secrets/

 


Adding Value to Your Home - Opening up the WallsOpening up the Walls

 

 

 

 

 

 

 

 


Adding Value to Your Home - Updated CabinetsUpdated Cabinets