Properties with great Curb Appeal command a higher price and sells much faster. We will now answer the Trillion Dollar Question:
How to maximize your value and minimize your cost?
#1 Give Your House a Bath
Before you run off buying expensive new paint, try giving the exterior of your house a power wash to take off any dirt and mildew buildup. Real Estate experts agree that just by washing your house, you can add $60,000 to $90,000 to the sale price of some houses. Yes, one day’s work can add up to $90k in equity to you.
You can rent a power washer for $400 a day; and the water from your own backyard pipe. It doesn’t take an expert to see that spending $400 to potentially make up to $90,000 is a phenomenal investment…and while you’re at it, make it a family chore and it won’t even feel like work!
#2 Freshen the Paint Job, Don’t Scrap It
Some of the most common advice you’ll hear when preparing a property for sale is to repaint the exterior…that Buyers will notice and Appraisers will value it. Yes, painting is expensive and time consuming. Painting a 3,000 square foot home can cost you anywhere between $2,500 to $5,000 on paint; and $9,700 to $19,500 on labor.
The best thing you can do here is scrape off where the paint is going bad and ask your paint store to match your color. Don’t give in to the urge to go all out!
#3 Ceiling the Deal
This is not where you should be looking to save every penny. You can either fix your roof professionally now or pay for it later in a less-than-satisfactory valuation. According to the Remodeling Impact Report, if you install a totally new roof, you’ll generate a return – with interest! A new roof has an average ROI of 109%.
Cleaning your roof before making a decision to replace could also be a good call so you don’t spend any unnecessary money to fix what isn’t broken. And most importantly, don’t DIY. Have a professional do it with the right tools so your roof isn’t damaged.
#4 Maintain Maintain Maintain!
Nothing looks worse than a poorly maintained exterior. If your exterior and yard isn’t looking pristine then your deal is halfway dead because if your buyer sees that, they don’t have to think twice about what to expect on the inside! 35% of buyers say they are sold on the exterior even before the walk inside. Here are some notes you can make to help you update the exterior a little more:
• Fix bent gutters.
• Touch up wall cracks; and
• Plant more grass in your lawn’s “bald spots”.