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Tuesday, January 16, 2007

10 Easy Ways To Increase Property Value

"You have to pretend you're 100 percent sure. You have to take action; you can't hesitate or hedge your bets. Anything less will condemn your efforts to failure."-Andrew Grove

When you sell your home you want to make sure you are maximizing your profit and getting the best possible price for it. Most people do little to prepare their homes for the real estate market. However, with just a few easy updates, the market value of your own home can increase drastically. Not only that, but having an attractive home, will bring in multiple offers which can compete against each other. This is how the price of a home can go well above, sometimes in the thousands, the market value. You might be thinking "I don't have the money to spend on home renovations, after all I am moving!" The suggestions below are not high cost home remodeling suggestions but low cost and quick ways to breath new life into your old house and inspire potential owners to fall in love with it.

Color. Color in a house is good but keep it neutral. Most home owners do not like dark colors. Paint out rooms in off whites and light tans. This will make your home feel comfortable and prevent potential home owners from worrying that their personal items will clash with the colors in the house. Light colors also make rooms look bigger because they reflect the light.

Organize Storage Spaces. Attics, garages, and even basements are places where we tuck junk. However, potential buyers want to see these areas. It is better to have them organized and show how much room is available for the new owners.

Clean and Clean. If you have pets, or kids everything in the house needs to be clean professionally. Carpets, drapes, and furniture all hold on to smells far after the dirt has been vacuumed or washed up. Make sure your windows, appliances, and floors are squeaky clean. Make sure to remove clutter and any personal items from all the rooms.

Leaks. If you have a leak and repaired it, odds are the evidence is still on the walls or ceiling. Paint over stains and patch holes to make sure there is no sign of damage. This is a big turn off to buyers.

Replacement. Anything that is broken from door handles, to light switches, to a crack toilet seat needs to be replaced before you put your home on the market. Most potential buyers are looking for for a well cared for and loved home.

Lawn. Make sure you keep your lawn cut, rake leaves, sweep sidewalks, and porches. Flowers and hanging plants are a great way to update the exterior of your house.

Doors. All exterior doors should be cleaned and painted. Each entrance should have a clean doormat.

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