Increase Real Estate Value: Take Advantage of Rising Market

The housing market may have finally turned the corner. The Standards & Poors/Case-Shiller Home Price Index shows that prices went up 10.9 percent compared to 9.3 percent the   prior month.

Homeowners and real estate investors are looking to regain the equity lost during the housing slump or build equity in a property—pumping up their value and cash-in even more when they sell.

Here are some low-cost investments that will increase the value of your property and at the least, help you sell faster and at a better price.

Curb appeal

Much has been written about the need for a property to have curb appeal because “first impressions” really are everything. When a potential buyer pulls up to a home, the person immediately notices the tidiness and attractiveness or messiness and unappealing qualities of a home.

There are a number of approaches to improving curb appeal:

  • Remove clutter
  • Apply a fresh coat of paint
  • Install new doors
  • Install a new mailbox
  • Install new gutters and downspouts
  • Landscape the yard

These are just some of the common tasks perform to improve a home curb appeal.

Inexpensive landscaping

Whether you purchase foreclosed homes and flip houses or plan to sell your personal home, one of the best investments you can make is to landscape the property you intend to sale. You can plant flowers, shrubs or trees lights and apply mulch. Decorative patios and other enhancements can increase the value significantly for resale purposes depending on the market and location.

Updated kitchens: good return on investment

Robert Irwin, the author of the book “Home Buyer’s Checklist,”  say that buyers want “solid surface counters and high-quality flooring, such as wood, laminate, tile or stone. And they want newer appliances in working order.”—“kitchens are critical,” said Irvin.

If you do not have the budget for a complete makeover, make sure that the countertops and  cabinets are in good condition, it opens into another room to create a feeling of “airiness’’ or position the sink  below a window overlooking the yard. Make sure that any changes are in line with other homes in the subdivision.

Buyers want modern bathrooms

Master baths are high on the list of buyers. Spas and whirlpool tubs are still popular. Double-sinks, separate showers and separate toilet rooms are requested features. It’s critical that the plumbing and hot water system can handle the requirements.

That means having water pipe with diameters large enough for the require water volume In addition, the hot water heater must be able to supply adequate hot water supply. Most modern homes have at least a 75-gallon tank.

Master suite

An updated master bedroom suite  probably rates behind the kitchen as the  improvement that can help you sell faster—especially features that include walk-in closets, a separate lounging area and high-quality  master bath.

Improvements that increases home values should be in line with other homes in the neighborhood. Before setting out to make renovations to foreclosed homes or personal residences, determine if you can recoup your cost at resale time.

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