The housing market is beginning to strengthen, and many people are getting back into flipping houses. The concept of flipping a house is pretty simple: sell it for more than it cost you to buy and renovate it. While big overhaul renovations like kitchen and bathroom remodels are pretty standard, there are plenty of other small improvements you can make to a property that will add up to a sizeable increase in resale value.
This should seem like a no brainer, but I can’t tell you how many times I have shown a house with spider webs in the corners of a room and dust on the molding. Wiping down the walls, scrubbing the floors, and dusting will go a long way in improving the overall value of your property. You should also be cleaning the exterior of your home before you list it. If you don’t have a power washer, the cost of renting one will be nothing compared to the value you’ll get from what it can to do the appearance of your house. Make sure to not just power wash the house, but also the sidewalks, porches, and any other outdoor areas that will be shown. Last but not least, make sure you take out the garbage and keep it somewhere outside. The best way to turn someone off from your house is by bringing them into the smell of rotting garbage in your garage.
The difference a fresh coat of paint makes is amazing, and it will be one more thing the buyer notices they won’t have to do when they move in (unless they want to change the color.) One thing I’ve noticed of buyers lately is that they are constantly adding up costs in their head as they tour a home. If someone wants a home to be move-in ready, then they certainly won’t want to have to touch up the paint on a wall or completely paint a room. Painting the walls also gives you the ability to check for any small holes, dents, or cracks that need be repaired. A small jar of spackle and a few buckets of paint combined with a few hours of your time could be a small detail that catches the buyer’s eye and helps them make the decision.
Add Curb Appeal
You would be surprised at how a few plants and a new mailbox can liven up the outside of a house. There are a lot of ways to decorate a walkway with solar lights, stones, shrubs, plants, and flowers. Be creative and ask yourself what you would want to see if you were touring a new home. The first thing people see when they pull up should be inviting and set the stage for the rest of their viewing.
It may not be something you think about while you do it, but you spend a lot of time using the fixtures of your home. Door knobs and light switches are inexpensive and do not take much effort to swap out. Bring a new theme into your home, or tie everything together with just a few fixture changes.
Showing your home is not going to be a walk in the park, and there is a lot of work that goes into the selling process. You want to do everything you can to maximize the value of your property. By focusing on making improvements to relatively low-cost parts of the house, you can get the most out of your sale.