Can You Sell A House
Can You Sell A House - The content in this article is provided for general information only and does not constitute professional advice. The personnel for your specific conditions apply before you. LANDMARK HOME WARRANTY MAKES NO WARRANTIES, AND SPECIFICALLY DISCLAIMS ALL LIABILITY FOR YOUR USE OF ANY AND ALL INFORMATION PROVIDED HEREIN.
The moment you list your home on the market is both exciting and nerve-wracking. While there are many things to focus on during the home buying and selling process, there is often one concern on every seller's mind: Can I sell my home for or more than it is worth? Use these easy solutions to sell your home for more than it's worth!
Can You Sell A House
(These numbers were correct at the time of writing in 2014. Some links have been updated since 2018.)
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One of the best ways to sell your home for more money (and fast!) is to declutter, clean, and stage the space. A messy house feels small and makes the buyer wonder how much money they have to spend on home preparation. By spending about $200 on cleaning and beautifying the space, you can increase your selling price by $1,500 to $2,000. Get your personal belongings out of the house, remove things from closets until they are about 2/3 empty, and organize your drawers and closets. Place the odds and ends in small groups of three and discard the extra decorations to add space to your home. You want to neutralize the decor, colors and atmosphere of the house. This allows buyers to picture themselves and their belongings in the home instead of feeling like they are walking into someone else's home.
The lighter your home is, the more open it is. By making a few lighting upgrades worth between $200 and $300, you can increase your home's resale value by $1,000 to $1,500. Make sure you use the right lighting for the different rooms of your home. High wattage bulbs can make a narrow space appear larger, while softer light can make an empty space appear smaller. Changing the lighting in your home should not be about lamps. Remove heavy curtains and shades to open the windows and let natural light into your home. If you don't have much natural light from your windows, add a skylight or solar tube to save electricity and give the room a natural feel.
Applying a fresh coat of paint to your home can increase the value of your home by $1,500 to $2,000. Repainting your home and getting rid of any scratches and scuffs will help your room look brighter and brighter. When choosing a color, choose pure white or a light neutral color. Lighter colors open up the room, while darker colors make the room smaller. Painting in neutral colors allows the buyer to create their own space in their mind as they tour your home. Not all enthusiasts will enjoy the same color scheme as you, and an unattractive color may seem like a lot of work and money to a potential buyer.
A study by the Service Contracts Industry Council found that listed homes with a home warranty were on the market for less time and sold for more than homes without a home warranty. Homes with home warranty plans sold 11 days faster and $2,300 more than homes without a home warranty plan. SCIC CEO Tim Meenan said in a press release, "Buying a home is a significant investment and can cause a lot of anxiety. Fortunately, since home warranties can be transferred to the new owner, buyers are increasingly getting service. are a guarantee of [home] protection. The agreement can reduce those fears."
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Buying a home warranty on a listed home means more protection for your home's systems and appliances and peace of mind for the new buyer. This imaginary peace of mind that buyers feel with a home warranty plan can end up costing a lot to sell the house!
Just like how you want to make a good first impression with new people you meet, you want your home to make a great first impression when a potential buyer pulls up your driveway. This is known in the real estate industry as "curb appeal." Even if your home isn't the newest or most updated, curb appeal can increase your home's value. Here are some things you can do that will give you a great return on your investment and help increase the value of your home:
According to Remodeling.net's Cost vs. Value Guide, replacing garage doors is the most lucrative remodeling project a homeowner can do for their listed home. Replace your garage door with something stylish and new and get 98% of your money back. According to the Research Division of the National Association of Realtors, a new garage door can cost up to $2,300, so if you can get a deal this good, you can increase the value of your home by a lot! If replacing the garage door is too expensive, wash and paint the garage door so that it shines when potential buyers come to you.
Another high ROI remodeling project is replacing your front door with a steel door. Although Remodeling estimates the project will cost around $1,471, Home Advisor estimates
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The price is between 500 and 1230 dollars. With a new steel door increasing home value by $1,344, replacing your front door can pay off! If replacing the door seems like too much trouble, cleaning and repainting the door can also help curb appeal.
According to the Research Division of the National Association of Realtors, one of the best upgrades you can make to your home to increase its value is reroofing. The NAR estimate of what a homeowner would pay to replace a roof is $7,500, but sellers can get a 109 percent return because a new roof adds $8,150 to the home's value.
One of the cheapest ways to enhance your home's curb appeal is to landscape your front or backyard. It doesn't have to be very expensive. According to the Home Selling Maximizer Guide, you only need to spend about $300 to $400 on landscaping to add $1,500 to $2,000 to your home's value. This includes trimming trees and shrubs, power washing, planting flowers and weeds, and removing leaves, plants, and dead trees from the garden.
As you can see, increasing the value of your home while it is listed on the market can be easy. One of the easiest (and most profitable) ways to increase home value is to purchase a home warranty for a potential buyer. Buyers can rest easy knowing that their covered systems and appliances are financially protected as a home warranty. With Landmark Home Warranty, the seller can order coverage while the home is on the market, and once the buyer makes an offer, they can convert the listing coverage into a full home warranty plan. All Landmark home warranty programs involved in real estate transactions include major home systems and appliances. (Be sure to review Landmark's home warranty policy here for complete coverage, limitations and exclusions.)
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Do you want to buy or sell a house? Are you a real estate agent looking for helpful resources to educate your clients? These articles will help you step through the process of buying or selling a home.
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Written by TJ Porter Written by TJ PorterArrow Contributor Right, Personal Finance TJ Porter is a writer with eight years of experience writing about finance. TJ writes on a variety of topics, from budgeting advice to bank account reviews. TJ Porter and Lara Vuklich Written by Lara Vuklich Arrow Premium Contribution Lara Vuklich is a freelance writer who has written for The Huffington Post and Quiet Revolution Expedia, Travelocity and MyMove. He is based in San Diego, California.
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