People buy homes for a lot of different reasons. Some people buy a home just because they want to own a home. They want to start a family and they want a home that is their home. Other people buy homes with the intention of flipping them for a profit. If your end goal is to sell a home you’ve purchased for more than you paid for it, you are going to need to know how to increase the resale value of the home.
Way #1: Upgrade Your Kitchen
Any real estate agent is going to tell you the same thing – remodeling the kitchen is one of the fastest ways to increase the value of your home. Fortunately, there are a few ways you can do this:
- A fresh coat of paint
- A faux-wood paint finish on your cabinets (you can use this to make it look like you have cherry wood cabinets without actually spending the money on them)
- A splash of color with a new backsplash featuring attractive tile
- Stainless steel appliances
Way #2: Crown Molding
Crown molding is an architectural feature utilized to up the resale value of a home. It is a gorgeous option when you are looking to upgrade the trim in your home.
Way #3: Fresh Paint
A fresh coat of paint is never a good idea. With a fresh coat of paint, you have the option of enhancing the current color of the room or changing the color altogether. Regardless of how you decide to freshen the paint in the house, it will only increase the overall value.
Way #4: Updated Lighting & Hardware
When was the last time any electrical work was done on the home? How old is the home? It is possible your home just needs to be updated in terms of lighting and hardware to be more current with what is considered a modern electrical system. An update is also a great time for an expert to examine the current electrical system to look for potential problems.
Way #5: Landscaping
The biggest mistake you can make is forgetting about the outside of the home when you are looking to improve the resell value. Think about it – what is the first people look at when they are buying a home? The outside. If the outside of your home is not pretty, no one is going to want to see how the inside looks.
As you can see, increasing the resale value of your home is not as complicated as you may have first though. In fact, a little upgrading and a little remodeling is all you really need to do. If you’ve made it through this list and don’t feel satisfied with the improvements, don’t forget the bathroom. Homeowners spend so much time in their bathrooms that they care pretty deeply about what this room looks and feels like when they are looking for a house to purchase. If you update a few things and make the kitchen and bathroom more comfortable, you should have no trouble selling the home for more than you paid for it. Need help increasing the resale value of your home? Contact Total Package Painting today for a free estimate on crown molding, fresh paint, and more!