Although the housing market may have cooled somewhat from previous highs, sellers still have the opportunity to earn a substantial profit. If you are looking for ways to maximize your profits from an upcoming sale, our real estate agents have a few suggestions for renovations that bring a healthy return on your investment.
- A fresh coat of paint
Some designers suggest a bold accent wall to give the room added character, but this might limit potential buyers to those who share your taste. Most agents suggest neutral tones, with white being the most common. Remember that you can add a pop of color with furnishings and accessories, or even with lighting. Include simple upgrades like new switch plates and outlet covers.
- Spruce up the curb appeal
A little sweat equity will go a long way toward an attractive exterior. Look at the elements that make the house look welcoming. Replace a welcome mat that has seen better days with a new one. Polish, paint, or replace hardware. Consider painting the door. Even during winter months, plants can brighten up the entryway. Think about topiaries and small potted evergreens to add a bit of cheer.
- Sweeten the scent
Nothing says "old house" like a musty odor, so make sure yours is wearing the best cologne. Leave the cheap-smelling room sprays at the store and look instead to cedar in the fireplace. Scented candles are a pleasant touch in the bathrooms. Think about the delectable odor of freshly baked cookies and how it reminds you of home. A potpourri in a crock pot or warmer made from cinnamon, orange peel, vanilla, and water will mimic the scent beautifully.
- Remodel the bathroom
One of the best ways to add value to your home is to update the bathroom. The cost and the return on the investment are almost the same, so many sellers don't want to remodel. What they don't realize, however, is that this can make the difference between a few days on the market and a month or more. Since the room is typically fairly small, upgrading the floor with new tile is a fast, inexpensive option. If you don't want to completely re-do the room, consider updating the fixtures and replacing the toilet seat. Lighting is also important and not expensive to replace.
- Update the kitchen
It doesn't require a major overhaul to make a kitchen more appealing. Everyone wants to save money in this economy, and energy-efficient appliances are a great way to do that. By modernizing the workspace with new appliances, your house can stand out from other Berlin homes for sale. If new cabinets are out of the budget, consider refurbishing the old ones with fresh paint. Transform the room with fresh paint, new flooring, or a new sink. Like the bathroom, lighting makes a world of difference. Updating ceiling lights will brighten the room and attract buyers.
To get a better idea of the market value of your home and to learn more about how to maximize your profits, contact us today. Our real estate professionals at Badger, Peabody & Smith will lead you through the process of selling your home.