In Banking-Finance, Buyer and Seller

When you are selling your home, you may not have a lot of money to invest in fixing it up or updating it. However, you can make some changes that have big impact by spending a minimal amount in your budget. Here are a few home improvements you can do before you list your home to sell.

Paint

A bucket of paint costs less than $25 and is one of the easiest methods to not only make your home show better, but to also sell faster and for more money. A fresh coat of paint on the walls of the main living area and master bathroom will do wonders. It is almost essential if you have faded walls or bold colors. Stick to neutral shades to appeal to buyers. (10 Cheap Ways to Improve the Value of Your Home Before Selling, 2010)

Kitchen Hardware

Updating a kitchen is one of the best ways to increase the value of your home, but it costs thousands of dollars for a full remodel. The best option to improve your kitchen on a limited budget is to replace the hardware on the kitchen cabinets and paint the doors. With $100 or less, you can make your kitchen feel fresh and new. (10 Cheap Ways to Improve the Value of Your Home Before Selling, 2010)

Update Appliances

Most people think of buying new appliances to enhance the kitchen, but a cheap fix is to order new doors and panels. You can contact the manufacturer or an appliance company and see if they can order panels to make your pieces match, which will impress buyers.

Update Faucets and Lights

Another small fix with big appeal is to update kitchen and bathroom faucets and light fixtures. Each item can cost $100 or more, so you may want to spread this out over a few months if you are not planning to sell right away. The investment is well worth it because buyers will notice. While you are working on the lighting, consider adding more in the form of floor and table lamps to make a room feel brighter and bigger. (10 cheap fixes to boost the value of your home)

Add Storage

Almost every home could use more storage space. When you increase storage areas, you add to the value of your property. Get creative and you can find innovative ways to add storage compartments all over your home. Install shelves and closets under the stairs, in corners or anywhere you have empty space. If you live in a small home with no spare room to use for closets or shelves, add portable storage such as baskets or rolling carts. It gives the illusion of more room while reducing clutter in your space. Buyers will also be able to envision how they can use the space even if it is limited. (10 cheap fixes to boost the value of your home)

Clean

No matter how much you work to clean your home, it can get tired-looking and dull after a while. Make it sparkle and shine with a little extra care. Have carpets steam cleaned, which will perk them up if you cannot replace them. Hire a professional cleaning company to come in for a few hours and get where you miss and others do not normally see, like windows and closets. (10 Cheap Ways to Improve the Value of Your Home Before Selling, 2010)

Service Your Home

Have a professional service technician come in and check your air conditioning and furnace, replace filters and do a regular maintenance call. Many homeowners let this slide by and do not schedule regular maintenance as often as they should.

You will also want to inspect lights and replace burned out bulbs. Make sure all electrical outlets and light switches are working. Buyers will pay attention to these small maintenance issues and worry that other problems might lie undetected. A home with no visible problems will be more appealing to buyers. (10 cheap fixes to boost the value of your home)

Even if you have a limited amount of money to spend on fixing up your home, you can do wonders to make it look and feel new to buyers. Put in a little extra effort and you will see it pay off on the final sales price. The key to sprucing up your home is to make it appear like you spent a lot of money and effort without doing so. These little touches and a vase full of flowers will bring happy buyers into your home to make it their own. Start getting ready for that open house, because the power is now!

Eric Lawrence Frazier, MBA

President and CEO

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