Cosmetic Changes Increase Property Value
Saturday, July 9, 2011 at 11:35AM
Just as the mini skirt goes in and out of style, fashions change for housing as well. The architectural features that our parents couldn’t wait to erase from their homes are now coming back into favor as a new generation of homebuyers embraces all things Retro.
If you are thinking of selling your house in the near future, or even if you are waiting until the market picks up again, there are some things that you can do to make your residence more inviting to prospective buyers. My advice is not to undertake ambitious remodeling jobs. Who knows what may please buyers. That old linoleum in your basement may fit right into their idea of the perfect family room. The pink and green bathroom tile popular in the fifties, so rare after more than half a century of boudoir makeovers, is once again a prized style element.
When keeping prospective buyers in mind, think more about neatness and good repair. Curb appeal has become an oft-heard phrase in the last few years, and a new coat of paint and some judicious pruning and trimming can add thousands of dollars worth of market value. Roofs are always a concern to buyers. If yours is beginning to show wear and tear, repair or replace before listing the house. A new roof is a great selling point.
Inside the house, making sure that the plumbing and heating are functioning well has more of an impact on selling price than wallpaper or the color of the paint. Most people are going to repaint regardless of how tasteful your palette may be. Obvious signs of disrepair or poor maintenance can leave prospective buyers wondering what’s going on inside the walls and between the floors.
If you are in doubt about how to put your financial resources to good use, consult an inspector. Most buyers will have an inspection performed before finalizing their offers, and a favorable inspection often is a prerequisite for receiving funding. It is not unusual for an inspection to uncover conditions of which the homeowner had been unaware. A pre-sale inspection can prevent unwelcome surprises that could stall closing.
Although sometimes circumstances dictate a speedy sale, if you have the luxury of time, it makes sense to give your home a bit of a makeover before putting it on the market. A small investment in maintenance and upkeep can translate into thousands in selling price.
Dave Douglas, John L. Scott Real Estate, 206-618-3037


