When you make the monumental decision to sell your home, the preparation phase is crucial. You’ll want to explore every possible avenue to maximize your value. Avoid the pitfall of setting an unreasonable listing price. Instead, there are steps you take to organically increase your home price in Northern Virginia. Each strategy can be utilized during the home prep process. Always give yourself adequate time to complete them. With these five methods, you’ll have a better chance of selling your home for more.
1. Kitchen Remodel
When making any attempt to increase your home price in Northern Virginia it is important to consider the return on investment. For example, if your kitchen remodel comes at a cost of $20,000 but only raises the value of your home by $10,000, it will not be worth it. Kitchen remodeling is, however, a great way to add value to your home if done correctly. Start small and keep in mind that your purpose for remodeling is to add value and not to please personal preference. Making small changes and modernizing kitchen equipment such as faucets, cabinet hardware, LED lights, etc. are proven methods of increasing the value of your kitchen without breaking the bank. Updating outdated cabinetry or countertops will cost more initially but will cause the value of your home to increase. If you don’t want to replace the cabinetry or countertops, a fresh coat of paint can go a long way.
2. Usable Square Footage Additions
Home price in Northern Virginia is determined by a variety of factors with one of the main considerations being how much livable square footage the home contains. Real estate appraisers will factor the square footage into their home value equation. The square footage factor is more important than other aspects of the home appraisal and will go much further in increasing your home’s worth. While home additions are far from the most affordable option, they can significantly increase the value of the home. Based on your financial standing, you can consider adding a room addition, an extra bathroom, a deck, or even an entire guest suite.
3. Energy Efficiency Improvements
Energy-efficient improvements save money by reducing the homeowners’ monthly energy expenditure. This added feature can entice prospective buyers that know that their monthly energy bill will enjoy a reduction based on the features that you installed. These upgrades can be affordable as well, meaning your return on investment is protected. To boost your home’s energy efficiency, consider buying a smart thermostat, a renewable energy water heater, or energy-efficient lighting. Beyond these more substantial upgrades, you can make a relatively inexpensive upgrade by resealing or replacing leaky windows, adding insulation, or adding weather stripping to doorways.
4. Maximize Curb Appeal
Being the first thing that an appraiser sees, the curb view of your home should be curated to please the eyes. Your home’s external appearance plays a major role in your home’s value and should not be overlooked. To increase your curb appeal, upgrade your landscaping, maintain your lawn, keep the paint on your home fresh and powerwash or replace your front walkway.
5. Bathroom Upgrade
One of the safest investments you can make when attempting to increase the value of your home is the bathroom. Similar to the kitchen remodel, make smart changes that are not overly expensive. New lights and faucet fixtures go a long way in modernizing your bathroom. Putting in new grout is simple and can easily be a D.I.Y. The same is true with a fresh coat of paint. If you want to increase your home price in Northern Virginia, but are hesitant to invest a relatively large amount of money, the bathroom is a great place to start.
Get The Most Out Of Your Home Sale
At Federal Hill Mortgage, we strive to make the mortgage process benefit you and will proficiently guide you toward getting the most value out of your home sale. Our mortgage experts will offer transparent advice every step of the way and ensure that you take advantage of every value-increasing opportunity available. Enjoy comprehensive mortgage services from one of Northern Virginia’s highest-rated mortgage brokerage firms, Federal Hill Mortgage. Call or contact us today to get started!