Home News I’m a real estate agent – these are the five classic mistakes that shave thousands off the value of your home

I’m a real estate agent – these are the five classic mistakes that shave thousands off the value of your home

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Selling your home should give you a huge payday.

According to the report, the median home price today is around $ 400,000, and the average home price has more than doubled in the last two decades. Federal Reserve Data..

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Homeowners can accidentally spend thousands of dollars on selling their home by making a few small mistakes

The wind and rain you get from selling your home, whether it’s a new home or retirement, should pave the way for your next major financial goal.

When you list your home on the market, there are many things you can do to ensure that you get the maximum value for your property.

In addition to general maintenance and maintenance, making your home a little more beautiful before future buyers see it can help raise your selling price by thousands.

On the other hand, you may be spending serious money on yourself by making small mistakes when selling your home.

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And thank you HomeLightA real estate expert insight survey knows which mistakes can be the most costly to a homeowner.

Do not repaint the front door

Some National Association of Realtors members recommend giving your entire home a paint job before listing it, but a more cost-effective and still eye-catching alternative is simply to work on the front door. is.

A new paint coat on the front door will help make a great first impression on the buyer, according to home refurbishment contractor Andrew Wilson. Contractoradvisorly.com Website.

“In reality, all you need to do is buy a can of primer and paint, which can cost a total of $ 50 to $ 100,” he said.

“The increase in value varies, but it’s not uncommon for a home to increase in value from $ 200 to $ 2,000 or $ 3,000 because the front door is one of the first things people notice in a home.”

When choosing a door color, it is important to remember that dark colors help hide imperfections in the door.

Bright colors, on the other hand, help make the door stand out more.

Don’t turn space into an office

If you don’t have a room in your house set up as a home office, it’s worth converting the space into a work setting to seduce future buyers.

According to HomeLight Fall 2021 Survey, 60% of top realtors said buyers have made home office a top priority.

Adding a home office can increase the value of your home Over $ 10,000..

It’s no wonder that working from home is more popular than ever, and homebuyers value having a workspace in their new home.

You can opt for the expensive option of expanding or adding a new room to your home, it’s possible Add about $ 50,000 It’s worth it, but it can cost up to $ 80,000.

Do not select deep clean

You’re likely to clean up your home a bit before selling it, but investing in a complete wall-to-wall cleanup will benefit greatly.

According to HomeLight, deep cleans, including rugs, appliances and floors, cost between $ 200 and $ 400.

However, HomeLight’s National Association of Realtors members say they can get nearly five times the return on their investment from intensive cleaning.

That may mean adding an additional $ 1,000 or more to the value of your home.

Even if you hire an expert, you will still get more money from selling than you normally spend on cleaning.

Not taking care of your lawn

A well-maintained house has a big price advantage over a non-landscaping house.

With that in mind, 94% of American Real Estate Agents Association agents Recommended Boost the curb charm of your home before listing it.

This boost can be 5.5% to 12.7%, depending on the type of landscaping and the original value of the house.

A fairly cheap and easy way to improve the lawn is to mow overgrown shrubs, sip the garden, and add more flowering plants.

“If you can turn a dead lawn into a healthy, green lawn, you can instantly add thousands of dollars to the value of your home,” Melanie Musson, a home renovation expert at Clearsurance.com, told Sun.

Do not use smart devices

By installing equipment such as smart thermostats, smoke detectors and security cameras, Musson added that the value of the home can be increased by more than 5%.

She states: “Buying all three of these devices doesn’t cost more than $ 1,000, making your home more attractive, selling faster, and increasing its value.”

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