While there are many ways to add value to your home, it is prudent to select the improvements that will give you the most “bang” for the buck. Unless you are an appraiser, the formula that is used to estimate a home’s worth is one of world’s best kept secrets; despite the fact that so many of us in the industry continually try to “crack the code”! Experts agree that the right renovations, especially bathrooms and kitchens, affect the marketability of your home. Here is a collection of ways to add value to your home without breaking the bank.

• Bathroom Makeover. Bathrooms have become a popular remodeling choice, and for good reason– they have the highest rate of return of any home addition or home remodel. Easy renovations include upgraded faucets, fixtures, lighting, cabinetry, mirrors and the like. Give it the “spa” atmosphere using potpourri, plants, candles and other soothing decor items.
• Kitchen Makeover. Kitchen upgrades are also proven investment winners in the home improvement arena. Replacing outdated countertops, repainting cupboards and walls, and installing new door pulls and lighting make big improvements to your kitchen for a very modest price.
• A new paint job. A fresh coat of paint will pay off instantly whether it is an interior or exterior face-lift. Fresh paint throughout your home is another low-cost, high-return project — it makes everything look cleaner and brighter.
• Improve curb appeal. The initial first impression that a potential buyer is hit with as they approach your home is it’s “curb appeal”. This is an entire subject in itself! Read this blog for ideas on how to improve curb appeal inexpensively and effectively.
• Dress up or replace windows. New windows always add to the value of any home for aesthetic reasons, environmental reasons, and financial reasons. Pay attention to window treatments as well; replace outdated curtains or blinds as necessary.
• Clean or replace carpets. - Rather than simply steam cleaning old, used carpet, replace it with fresh, neutral-toned carpet with an upgraded pad for an extra luxurious feel. Spending the extra money on new carpet will really make your home stand out from the crowd, in sight, feel and even smell.
• Property inspection. Do it before you put the home up for sale, hire a professional and resolve and fix any of the major findings prior to listing the home.
• Offer a home warranty. Although sellers in many real estate transactions in the current market end up offering to pay for this for the buyer during negotiations, knowing this is included from the onset can provide comfort and an added incentive for the buyer to consider your home.

Selling a home in today’s market is a challenge in itself. Use these tips to prepare your home for sale and get the best possible price.

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