Insider: Maximizing Your Home’s Resale Value

As summer heats up, so does the real estate market in Colorado. Whether you are looking to buy or sell your home this summer, achieving top resale value for your property should be a priority. Smart upgrades and fixes don’t have to cost you a lot of money, but they could help you clinch a deal if you’re trying to sell. By following a few simple tips, getting top resale value for your home is easily achievable and will lead to the highest financial yields.  Whether you are interested in selling your home now, or in the future, discover these simple ways to maximize your net profit when it comes to selling your home.

A Sense of Flow
Make improvements that create space within the home. Knocking out a divider wall, or removing an over-sized kitchen island may only cost a few hundred dollars, but for buyers seeking open floorplans and living areas right off the kitchen, creating a sense of flow could lead to a quicker sale- and a higher sale price of the home.

Landscaping to Improve Resale
Summer is an optimal time to get your house ready to sell. The first thing that potential buyers will see is your home’s landscaping, so make a great first impression with beautiful outdoor spaces. An investment in landscaping can help sell your home faster and for more money, and there are simple projects at every price point that can help you achieve great curb-appeal.  Remember, overgrown landscaping is a problem at all price points!

Think Green
If maintenance and repairs are needed to improve your home’s resale value, consider going green. Research published by The Appraisal Journal estimates that energy savings can add twenty times the annual savings to the value of your property. If your heating or air conditioning systems are old, consider upgrading to a more modern, eco-friendly variety. Not only will you be doing your part for the environment, you could save thousands with green tax credits and water-heating bills.

Front Door Allure
Your home’s door is often the focal point of the home. According to This Old House, “People make up their minds in the first seven seconds of entering a home.” Clean lines are often a key component in the style of modern doors. Improve your door by painting it a neutral color – black, white, or gray — common to a variety of door styles. Remember, a pleasing entryway goes a long way for a home.

Invest in the Best – Photography
When it comes time to list, homes must be shown in their best light. According to Forbes, “Home buyers seeking a new place to live will see the pictures online before ever making a decision to visit”, meaning photography needs to be stellar. At LIV Sotheby’s International Realty, professional photography accompanies every property listed with the company, putting you at an automatic advantage for achieving top home resale value by listing with us alone.

With the variety of ways to increase resale value of your home, speaking to a real estate professional can provide guidance. Invite a trusted real estate adviser to your home. In an hour, they can give you lots of ideas for needed improvements. Even small suggested improvements, including paint colors or furniture placement, can go a long way toward improving the look and feel of your home.