Nobody gets into real estate just to “break even.” Any investment that’s worth doing is one that you should be able to earn a profit on in the long run, whether you’re planning on selling the property or renting it out. The good news is that there are a few ways you can up the value of the property without shelling out for expensive renovations or simply wasting time by waiting for overall market prices to rise. Keep reading for four tips you can follow to help your real estate listing increase in appeal inside and out.
1. Give it a Fresh Coat of Paint
Never underestimate just how much a simple coat of paint can do. Especially if it’s been a while since they were maintained, the walls in your property may be well overdue for some patching and painting. While painting the walls of a home certainly doesn’t take anywhere near as long as renovating it, it’s still important to work slowly and steadily. Make sure you paint even lines and don’t leave behind any drip marks or unwanted stains. Always cover up floors and any furniture that may be exposed.
If you want to give the home an all-new vibe, then a new color scheme may be in order. That said, be sure to pick out lighter, crowd-pleasing colors in order to lower the risk of turning away some potentially interested buying or renting parties.
2. Stage It
Whether you’re selling or renting, you can instantly boost the home’s appeal with some tasteful, well-placed decor and furniture. Don’t worry about filling the place; too much will make the property appear cluttered and intimidating. Instead, place neat rugs in rooms without carpeting and consider putting in some curtains. A few statement pieces (like framed art and/or plants in modern vases) can add some color and spark life into the property.
3. Brighten the Curb Appeal
The first thing anyone sees is what the property looks like from the street. So no matter what you do to vamp up the inside, make sure you are not neglecting the exteriors. Lawns should always be taken care of, meaning regular mowing. Consider designating space for a garden or adding some large potted plants. Trim away any overgrown hedges or trees. Old fencing may need to be replaced or repaired, or in some cases removed entirely. Adding in patio seating or even a grill can be a selling point for many potential new owners or lease residents.
4. Upgrade the Home Tech
Long gone are the days when the only electronics you needed to woo home buyers were functioning lights and a few kitchen appliances. Many modern home buyers and renters (especially those willing to pay more) are looking for “smart tech” like energy-efficient thermostats, keyless locks, and smartphone-compatible appliances. While you don’t need to go all out, the good news is that home tech is becoming more affordable than ever. Having at least one new system installed on your property will help set the listing apart from others and also give the value and instant boost.