The current housing market is a big plus for those who want to sell their home. Home values are constantly increasing because of buyers’ demand. In fact, industry leaders predict they will rise 6.6% in 2021. Even in this seller’s market, your home should be in tiptop shape.
Move-in-ready homes will sell faster and for a higher price. According to almost all of the National Association of Realtors (NAR) members curb appeal is the most important thing that attracts a buyer. If you are ready to list your home, follow these steps from home professionals in the industry.
1. Install a New Roof
A new roof is a great way to add value to your home. NAR reports that buyers say this is the number one exterior improvement with the highest appeal in their Remodeling Impact Report. According to a GAF survey, a new roof can increase a home’s value by 10%! A new roof is a big expense, and this is something a buyer will take into consideration.
If a new roof is not in the budget, then consider repairing your current roof. If your roof is damaged or missing shingles this can be a major turn-off to a potential buyer. Buyers will not want to make a big purchase on a home and then turn around and have to spend more money on a roof. A home inspection will detect if there are any flaws or damage to your home’s roof. In order for your home sale to be a success, your roof needs to be in good shape.
2. Update Landscaping
A said before, curb appeal is very important when it comes to selling a home. Buyers will actually pay more for a home with a nice lawn or garden. Keep your lawn maintained and if you do not have time make sure to hire a lawn service. Adding trees, bushes and flowering plants to both your front and your backyard is essential.
3. Install a New Garage Door
Another exterior feature that will help with curb appeal is a new garage. According to the 2020 Cost Vs. Value Report, in the East South Central states of the US, an upgraded garage door provides a 132.7% return on investment (cost to install: $3,543, resale value: $4,703), while in the Pacific states you’ll average a 117.1% return (cost to install: $3,874, resale value: $4,537) on an upgraded garage door.
4. Repave the Driveway
A cracked or crumbling driveway is a distraction to your home. Buyers will not want to update or improve the driveway after they purchase the home. If the driveway has a crack, then it should be repaired. If your driveway is in good shape, make sure to pressure wash it to make it look brand new.
If you are in the market to sell your home or purchase a home contact a local Realtor. A Realtor can help determine the value of your home and what repairs might be needed to make sure your home is seller-ready.