Though it may not be their primary purpose, our homes are our biggest investment and, when it’s time to sell, it’s smart to optimize the return on that investment.
With the real estate market on a steady climb back to solid ground, more people are feeling comfortable enough to explore what options they have in the current market. If you’re flirting with the idea of listing your home, it’s important to make sure your home outshines the competition.
Here are eight home improvement investments that offer sellers the highest return:
If you’re selling, focus on rich neutral colors inside your home. It’s OK to push beyond the standard colors of builder’s beige and off-white. With a little experimentation and a keen eye, browns, greens and grays can become part of a contemporary neutral color scheme that will highlight the best features of your home and impress potential buyers.
Focus on simple projects you can do yourself. Plant climate-appropriate perennials that add beauty year after year, design clean borders filled with mulch, and prune existing trees and shrubbery. Adding new trees and shrubbery will not only freshen the look of your home, they’ll also help prevent erosion, slow storm-water runoff, filter pollutants, offer shade in the summer, and provide a home for small wildlife.
Remember, you won’t need to break the bank and retain a full-time contractor for all of these projects. The key is to take a critical look at your home from a buyer’s perspective, determine what needs to be done, and prioritize your projects. If you have the luxury of time, reserve a few months’ worth of weekends and methodically work through your list.
The efforts may just pay off with an easier sale, a higher sale price, better terms, and a whole new set of skills that you can take with you to your new home.
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