Although the housing market has recovered some from the damage sustained during the recession, selling an existing home can still be a challenge. With numerous new constructions popping up in developments all around town, it can be difficult to convince today’s buyer to even consider an older home, even though it is older by only a handful of years. If you have unlimited funds, adding shaker cabinetry, subway tiles, frameless showers, farmhouse sinks, hardwood floors and stainless steel appliances is the rage, but expensive. Fortunately, there are many less expensive improvements that can help sell your home.
Each year the National Association of Realtors in cooperation with Remodeling magazine compiles a survey that compares remodeling costs to the expected increase in home value. Ever heard that “Less is More”? Well, the 2015 assessment concluded that smaller replacement projects, especially those that enhance a home’s curb appeal, remained the most cost effective way for sellers to add value. In fact, the least expensive home improvement project, remodeling or replacing the front door, had the highest average payback. After all, first impressions are always important whether the potential buyer views the house in person or online.
Many realtors say that buyers decide within the first ten to fifteen seconds of seeing a house whether they’ll be interested in buying it or not. That said, could anything make a better first impression than a beautiful front door? After all, you don’t get a second chance to make a first impression. A dated front door can make your house look cheap, and a front door with obvious signs of wear and tear can cause buyers to doubt that the home has been properly maintained. If you cannot afford to replace your front, Dream Doors has a great option to boost your property’s curb appeal. The company pioneered the concept of installing decorative glass into your existing wood, steel or fiberglass door, giving your home a new look without the expense of replacing the current door.
Remember, when it comes to boosting your resale value, not all home renovations are created equal and they don’t have to cost a lot to be effective.