When most of us think of trying to add value to our Pacific Northwest homes, we tend to think of big-ticket items first, but the truth is that there are simple things you can do to increase the selling value of your home that won’t cost you an arm and a leg.
Here are a few ideas to help get you started on adding value to your Western Washington home.
Upgrade now, before you need to sell
The real tragedy of many home upgrades is that people wait until just before they sell their Northwest home to make improvements. This isn’t wise, because: 1) it doesn’t allow you to reap the benefits of your own hard work—you don’t get to enjoy that new paint job, deck, or faucet fixture in the bathroom; and 2) you don’t get 100% of your renovation dollar back at resale. Make the improvements that you can now, while you can enjoy and appreciate them—reap the benefits of your investment later when it’s time to sell, without feeling disappointed that you’re not receiving a 100% return.
Get out that paintbrush
Give your home a modern, fresh look that will appeal to buyers—all with a simple paint job. This is a relatively easy home improvement that most Pacific Northwest homeowners can do themselves—all they need are some basic pieces of equipment, some time spent researching attractive color palettes, and a few days of hard work.
Despite the relative simplicity of this home improvement, however, the effects are dramatic. A little color goes a long way in determining how inviting your home will be to buyers looking for a Northwest home.
Go for some new fixtures and hardware
Never underestimate the power of a modern faucet, new drawer handles, or an attractive doorknob to breathe new life into your home. For a relatively small investment, these add big-time visual appeal to all-important rooms of the home—kitchens and bathrooms are VERY important.
Though negative changes in the housing market have lowered the returns on remodeling, small kitchen and bathroom renovations still return somewhere between 80 and 85% on the dollar at resale, according to a 2009 cost-versus-value report in Remodeling Magazine.
New countertops? Go for granite when possible.
When it comes to countertops, granite communicates luxury, though it need not cost you a luxury price. Because bathrooms are small areas, it’s sometimes possible to buy small quantities of slab from local businesses, so start there.
Another aesthetic improvement that can add significantly to the value of your home is fresh tiling. Where tiling is concerned, options abound in color, style, material and price. Done well, this improvement stands to give you a great return on your investment.
Check back later this week to get more helpful tips on improving the value of your Pacific Northwest home. Please request my free Home Selling Guide to receive tips straight from an expert Whatcom County Realtor!