Sidney Torres, star of CNBC’s The Deed is an expert when it comes to flipping property. In the show, he works with struggling investors to lend funds and provide guidance in exchange for a profit. The show reflects real deals and the emotion that surrounds a flip.
The show may also serve as a lesson on how to protect one’s property value. Here are 3 tips on how to boost your home value without spending much.
1) Think Wisely Before Demolition
Before thinking you need to tear down everything, it is best to do a comparative market analysis between your home value and your neighbors. While it may be tempting to install granite countertop, the market may not budge much in pricing hence you will be at a loss. At the end of the day, the market will determine how much your house will sell for.
2) Get New Paint
Paint is one of those things that can turn a dull wall, until a brighter one. The best part of paint is that it is affordable. You can do this with cabinet doors as well. In addition, adding LEDs and new fixtures/epoxy are all cost effective repairs that can be done.
3) Clean Up Your Mess
By hoarding, you are taking down the value of your home. You want to provide a
blank canvas” for potential purchasers allowing them to personalize their furniture and artwork on the wall.
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