8 WAYS TO INCREASE YOUR HOME'S VALUE

Posted by DB Wilson on Wednesday, March 14th, 2012 at 12:50pm.

If your home has been on the market for a while and isn’t moving, instead of lowering the price, you may want to consider adding value to your home.  There are many things you can do, from small changes to larger renovations, that can increase your home’s value and make it more appealing to buyers.

Install New Windows
In an average home, 30 percent of energy is lost through windows. So adding new windows will not only be aesthetically appealing, but any energy efficient feature is a great selling point.  Look into ENERGY STAR qualified windows, which can lower energy bills by up to 15 percent.

Bring In a New Bath
If your place has several more bedrooms than baths, you may want to think about adding another.  First floor baths are a great idea if you don’t already have one.

Revamp the Old Bath
If you can’t afford to bring in a new bath, try making small changes to your current bath to give it a modern feel. Replacing a tub or toilet can go a long way in terms of appeal.

Paint, Paint, Paint!
New paint is one of the most inexpensive ways to give your home a facelift. Give the rooms in your home a new hue to add color and warmth to your living environment. Make sure to stick to classy, neutral colors so you don’t turn off any potential buyers with that bright red wall in the dining room.  Don’t limit your new colors to the inside. Repainting your front door or trim can attract buyers before they even step foot inside. Don’t forget curb appeal. 

Clean up the Kitchen
Renovated kitchens are hot selling points, as they are a central room for most families. While it is an expensive job, it’s an investment that will be worth it if it moves your house off the market. If you can’t afford to completely renovate, consider getting new energy efficient appliances, a new counter or adding an island if you have the room.

Get a New Roof
Like the windows, a well-maintained roof shows that you’re invested in the upkeep of your home, which is appealing to buyers. A roof should be replaced every 20 to 25 years; if yours isn’t up for a replacement but still looks a bit tired, check for and replace any missing shingles and repair the flashing.

Finish the Basement
Create an appealing entertainment area or family room so buyers can imagine spending a significant amount of time there.  However, be careful not to tailor it too much to your specific tastes. While a home theatre with actual movie theatre seats and a snack bar may seem appealing to you, this may be a turn-off to a buyer who isn’t a film buff.

Finish the Attic
Similar to finishing the basement, adding an office, extra bedroom or game room in your attic is a great way to add value to your home. Plus, because the framework is already in place, it’s much less expensive than adding an addition.

If you are trying to figure out what additions would add value to your home, take hints from the neighbors. Are you one of the only homes on your street without a deck? Do most homes have laundry rooms or finished basements?  The value of your home is based on other homes in your area, so take note when looking for ways to improve your place.

For more information on improving your home’s value, please contact a RE/MAX of Boulder Realtor at 303-449-7000, or 1-800-825-7000.

RE/MAX of Boulder, Inc. located on the corner of Canyon and Folsom, is nationally and locally recognized as one of the most successful real estate offices in the industry. Nationally, they are one of the "Top 500 Power Brokers in the United States" as listed in National Real Estate & Relocation magazine. Real Trends ranked them #1 in the Nation for Closed Sales Volume for 2010. Regionally, for the 5th year in a row, the company has been named the #1 RE/MAX office in America for Single Office Closed Volume. They can be reached at 303.449.7000 or visit http://www.BoulderCO.com. Connect with them on Facebook and Twitter, search remaxofboulder. Subscribe to their YouTube channel and see videos of all their homes for sale at http://youtube.com/remaxofboulder

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