How to Increase Home Value Without Going Broke

By
Real Estate Agent with GreatWest Realty DRE# 00827565

http://www.myrljeffcoat.com


First Impressions

Upon first arriving at your home, the first thing a homebuyer's eyes generally focus on, is the landscaping, front door, and how appealing the home is to the eye.  Throwing a little fertilizer on the lawn, pruning overgrown trees and bushes, and adding colorful flowers, is an inexpensive way to get bang for the buck on a home sale.  Ditto for painting the front door if it needs it, and for adding colorful plants in decorative containers near the entry.

 

Have the Home Inspected

Almost all home sales will require a Termite Inspection and possibly a Home Inspection.  The findings on these reports can reveal problems with the home, which will likely need to be fixed anyway, or result in a decrease in home value during a sale.  Addressing those problems up front can add value to a home.  For example I remember a seller who had a termite report performed.  It was discovered that the bathroom had significant drywall damage behind the shower/bath stall, and also bathroom floor damage.  By replacing the flooring with new tile, and performing the dry wall and plumbing repair, followed by beautiful new tile, the bathroom looked significantly improved.

 

The Over Decorated Home – Less Can Be More

It is not uncommon to live in our homes, and accumulate a collection of knick-knacks and other items, that represent little creature comforts or nuances to our lives. Sometimes we acquire furniture and hang onto it even though it reduces the appearance of floor space, or may be a tad dilapidated or old.  I am often amazed that Home Stagers pretty much clear out a house, re-decorate or arrange furniture, with far less furniture, and clutter than before.  Less is usually more!

 

What About That Kitchen?

Are the existing cabinets in your kitchen, dingy, or not adding to the Wow factor of your home?  Consider painting them to provide a fresh look.  There are numerous paints that provide great transformation for old cabinets.  Recently, I visited a home where the homeowner had lightly sanded the cabinets, applied a slate blue color stain, which added a truly delightful appearance to the room.  The kitchen floor had been covered in old vinyl and had dry rot beneath near the dish washer.  The floor was replaced with a really sharp looking slate gray wood laminate. As appealing as the new cabinet color and floors were to me, it is also important to consider colors, if you are planning on marketing your home.

 

Extra Dining Space

When I purchased my home a number of years ago, I worried about the size of the dining area.  My family is large - There are children, their spouses, and grandchildren.  Several years ago, I put in a patio with nice patio furniture, and created much more space to entertain.  Gatherings at my home almost always press that area into use.

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Roy Kelley 12/20/2016 03:37 AM
Topic:
Home Selling
Location:
California Sacramento County Sacramento
Groups:
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increasing home value

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Ambassador
3,675,522
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Myrl, great advice for sellers.  I think it's important for people to get their Realtor involved before they make decisions about color.  

Oct 26, 2016 11:54 AM #1
Rainmaker
2,004,481
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Hi, Myrl Jeffcoat - simple and easy ways to get your home sold and so important too! I think when it comes to home values, people just want to know somebody cares. 

Oct 26, 2016 11:57 AM #2
Rainmaker
2,516,419
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Patricia Kennedy - I'm with you when it comes to color selection.  

Patricia Feager - Sometimes it is the little things that can make the most difference.  Especially when it comes to cosmetics!

Oct 26, 2016 12:13 PM #3
Rainmaker
3,796,021
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good evening Myrl Jeffcoat ,

Love your tips to increase your homes value....simple..easy and don't break the bank!

Oct 26, 2016 12:14 PM #4
Rainmaker
2,704,764
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Great tips Myrl Jeffcoat sellers need to remember that they can only make a great first impression once!

Oct 26, 2016 12:44 PM #5
Rainmaker
2,516,419
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Dorie Dillard - A little fertizer on the lawn, a freshly painted front door, can make a lot of difference.  

Lisa Von Domek - You make an excellent point about only being able to make a great first impression once!

Oct 26, 2016 12:50 PM #6
Rainmaker
1,667,759
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

great advice about painting the front door - it makes such a difference while that agent is fumbling with opening the door! 

Oct 26, 2016 01:09 PM #7
Rainmaker
5,343,176
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is excellent advice to share with prospective home sellers.

Oct 26, 2016 08:45 PM #8
Rainmaker
2,516,419
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Lise Howe - Painting the front door can certainly provide a whole lot of bang for the buck.

Roy Kelley - Thanks!

Oct 27, 2016 01:36 AM #9
Rainmaker
683,919
Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

It really is all about making the first impression a lasting one. Thanks for sharing the tips I hope you have a great afternoon.

Oct 27, 2016 04:07 AM #10
Rainmaker
1,559,470
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

Clean is free!  Clean, clean and then clean some more.   I have a few projects that I want to get done in my home which would add value and it won't cost a lot.  I plan to post about it when I'm making those updates.  Not DIY, but some cost savings, for sure!  This is a good post about not going overboard with it!

Oct 27, 2016 06:15 AM #11
Rainmaker
2,050,765
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Myrl, These are all excellent suggestions to add value to any home and not spend big bucks doing it. 

I hope you are getting the rain you mentioned in your comment yesterday.

Oct 27, 2016 06:51 AM #12
Ambassador
3,781,012
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Myrl this is great advice, easy to do at a minimal cost, and can have a major impact on what a house will sell for.. 

Oct 27, 2016 07:01 AM #13
Rainmaker
1,433,977
Yolanda Cordova-Gilbert
Richmond, TX

Myrl,

 Great suggestions and grey is really in now so not a bad choice for the lady who redid her floors! 

Oct 27, 2016 07:04 AM #14
Rainmaker
824,587
Sheila Newton Team Anderson & Greenville SC
Berkshire Hathaway HomeServices - C. Dan Joyner - Anderson, SC
Selling the Upstate since 1989

I really wish more sellers would do a home inspection at listing.. it would be great for advertising, but better yet to make the buyer comfortable that nothing surprising will show up!

Oct 27, 2016 01:38 PM #15
Rainmaker
524,356
Kathryn Acciari
Century 21 Real Estate - Shrewsbury, MA
Brand Ambassador and Business Coach

Wonderful ideas, Myrl, and simple to initiate. Sometimes a home owner just needs a nudge to make the improvements that will increase appeal to buyers.

Oct 28, 2016 06:04 AM #16
Rainmaker
774,028
Joanna Cohlan
Fresh Eyes For Your Home - Chappaqua, NY
Designing, Decorating & Staging Westchester Homes

All of these are wonderful tips Myrl and yes, one of the most important things for homeowners looking to sell is a pre-inspection to uncover the issues before a potential buyer does!  The early bird catches the worm in home improvement and repair!

Oct 28, 2016 06:46 AM #17
Rainmaker
2,189,557
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

I just met with a seller in Elk Grove who had worn cabinets in his master bath. I suggested my usual, English Oil, but then I noticed the cabinets in the second hall bath were painted, and my advice changed. Just paint those suckers the same color. People don't realize how much the small details really matter to a buyer's impression.

Oct 28, 2016 12:03 PM #18
Rainmaker
577,868
Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

Yes! There are simple steps a homeowner can take to enhance the value and saleability of their home without going broke. Taking a look around the home with a fresh eye can uncover the opportunity for improvement.

Nov 02, 2016 03:10 AM #19
Rainmaker
490,607
Donald Hester
NCW Home Inspections, LLC - Wenatchee, WA
NCW Home Inspections, LLC

Myrl, First impressions and being prepared for the sale are very important.

Dec 20, 2016 06:35 AM #20
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Rainmaker
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Myrl Jeffcoat

Greater Sacramento Real Estate Agent
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