7 Fast and Inexpensive Ways to Improve Your Home’s Selling Price

The current economic recession started with the real estate slowdown that saw people unable to refinance their mortgages and consequently, losing their homes.  It also flooded the market with a lot of real estate properties that were selling at a huge discount but with only a few people really buying. What followed was a market where the supply of properties is high while the demand slumped, hence the lower prices.

The good news is, there are a lot of housing markets right now that are slowly picking up and moving out of the recession.  Denver, Colorado is a good example.  Countless of experts have said that we are at the tail-end of the recession, and that we will soon be out and on our way back to normal.  That goes for every housing market in the world.

Until such time, there are things that you can and cannot control when it comes to the price of your house.  For one, your home price will be determined by the general market and by comparable houses in your immediate area.  If a similar house down the block is selling for $450,000, then there is no way you would be able to sell your house for $1 million.

However, if you are looking forward to selling your home, take heart, there are home improvement tactics that can help you increase the value of your property.  And these are not necessarily expensive like building a swimming pool in the backyard or replacing the current roof with a skylight ceiling.

Here are seven ways to help you raise your home’s selling price.

1. Take care of the shrubs, bushes, trees outside your house. Take time to trim your hedges, mow your lawns and maintain your plants and flowers.  This will make it more enticing to buyers.  You can get the services of landscapers for this, or you could do the landscaping yourself.  And make sure that you do not neglect whatever is there until a new owner comes along.

2. Retouch or repaint the exteriors. Unfortunately, people judge houses like they do books — by its covers.  If your exteriors have been peeling paint, or missing bricks, or cracking facade, then potential buyers would not think twice about moving on to the next property on their list.  It does not matter what you have inside the house because they will pass on it.  Be sure that your outside front has an inviting and cozy feeling.  This may sound like a lot of work, but it is actually one of the biggest and inexpensive improvements you can make.  Not only will this make your house more enticing, but it will also get buyers through your door.

3. Paint the insides of the house. Putting a fresh coat of paint in conservative colors should make your house more appealing to buyers. White and other neutral colors come off as clean, fresh and crisp.

4. Do all the major repairs. Most home buyers would not have a loan to fall back on when they buy a new house, so they would opt for a house that would not require too many repairs, especially not major ones.  You should have your home inspected, preferably by professionals.  This way you know what work needs to be done.

5. Give your floors a good upkeep. If you want to save, eschew getting a new carpet or refinishing your floors.  Waxing or polishing hardwood or stone floors is something you can quickly and cheaply.  Clean the carpets.  You do not have to refinish anything nor have your floors re-carpeted.

6. Give your potential buyers a chance to save on energy. You should be mindful of your house’s energy consumption and find ways to improve on its efficiency.  You can get better insulations, new windows and other energy saving home improvements.  You can then get a tax credit from the government. Letting the buyers know that they stand to save more money from energy consumption with your house is one good way to hook them.

7. Install new lights. Replacing broken lights and bulbs or installing a new fixture can also bring more beauty to your house and can create a lasting impression on your potential buyers, one that says you took care of the house you are selling.