How to Maximize Your Return When You Sell Your Home
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real estate, Selling

The key to making top dollar when selling your home isn't a secret—it's all about discipline and effort. Many people cut corners, resulting in lower potential prices. Don’t be one of them. In my years in real estate, I’ve seen countless examples where smart, well-placed investments of time and money have significantly boosted sales prices and sped up sales.

This guide will show you how minor home improvements can enhance the value and marketability of your home. In today’s economy, it’s crucial to make the right investments, even if you don’t recoup every penny. Improvements can give you an edge over other homes on the market and prevent you from falling behind the competition.

 Spend Time Before You Spend Money
Whether your home is in pristine condition or a fixer-upper, there’s likely a list of repair or remodeling projects to consider. These can range from simple tasks like painting to complex projects like room additions. Ask yourself:
1. Why are you doing it?
2. Is it necessary (e.g., painting or roof repair)?
3. Is it an amenity that might appeal to buyers (e.g., a hot tub or home office)?
4. Will it add value or have no impact?
5. Will it make your home harder to sell?

Some investments, like painting and yard work, involve minimal costs and yield high returns. Others, like adding a swimming pool, might not add value and can even deter buyers.

Planning is Key
Careful planning is crucial for any home improvement project, major or minor. Poor planning can turn minor projects into major ones. Whether you hire someone or do the work yourself, expect to spend more time and money than anticipated. Choose projects that add the most value at the lowest cost.

- Break your list into “exterior” and “interior” projects, then further by room or area.
- Decide which projects you’ll handle yourself and which require outside help.
- Estimate the costs for each job.

DIY projects can save you 10 to 30 percent by eliminating labor costs, but professional work can speed up the sale of your property.

Curb Appeal
First impressions are crucial. Buyers form opinions before they step out of the car. Here are some exterior improvements that can pay off:

 Paint
Painting your home’s exterior offers the greatest return on investment. A $1,000-$2,000 investment can add $3,000-$4,000 to your asking price. Touch up trim around windows and doors as needed.

Landscaping
Improving your landscape can add 5 to 10 percent to your home’s value. Prune trees and shrubs, clean out flower beds, and plant colorful flowers. Repair damaged lawns with new sod or create flower beds in problematic areas.

 Driveway and Garage
Keep your driveway clean and in good repair. Fix cracks and stains with high-quality materials. Consider finishing your garage with drywall and matching switch and outlet plates.

Decks and Patios
Decks and patios can add value by increasing living space. Ensure they match your home’s architectural style and blend with outdoor areas.

Minor Details
Small upgrades like a new mailbox, varnished or repainted doors, and new light fixtures can make a big difference.

 Interior Improvements
Interior improvements can also significantly impact buyers. Ensure all plumbing and electrical systems are in good working order, repair wall cracks, paint walls, replace missing molding, and upgrade insulation.

Kitchens and Bathrooms
Kitchens and bathrooms are the top remodeling projects that can make or break a sale. For kitchens, consider painting, refinishing cabinets, changing hardware, installing new appliances, or adding a skylight. For bathrooms, new fixtures, wall tile, flooring, and re-enameling the bathtub can make a big difference.

Bedrooms
Consider combining small bedrooms into a master bedroom or adding a bedroom if space allows. 

 Trends to Watch
The “great room” trend, combining the kitchen, dining, and family room into one large area, is gaining popularity. Home offices, exercise rooms, and media rooms are also becoming desirable features.

Home Improvement “Dont's”
1. **Don’t over-improve:** Avoid projects that raise your home’s value more than 20% above similar homes in your area.
2. **Don’t move soon if spending a lot:** You may not recoup your investment if you move within two years.
3. **Avoid unique improvements:** Unusual remodels can limit your home’s appeal.
4. **Don’t create a mess:** Ensure your floor plan remains logical and cohesive.

Maximizing your home’s value requires careful planning and smart investments. The effort is worthwhile for a quicker sale and a higher return. Feel free to contact me for further explanation on any of these topics or for any real estate questions. My mission is to help area homeowners as much as possible. I hope this guide provides the information you need to be an informed home seller.

Joshua Trujillo

Joshua Trujillo

JohnHart Real Estate

DRE - 02190072
Direct - 818.314.2001, Office - 818.246.1099

Contact Joshua Today!