5 Tips To Increase Your Home's Value Overnight

5
TIPS TO
INCREASE YOUR
HOMES VALUE
OVERNIGHT
FREEDOM REALTORS

If you are like 99% of the rest of the population, your home is the largest assist
that you attain. More often than not what initially spent to azure your home is
just the beginning!
Each year people spend as a collective, $340 billion renovating and xing up
their home alone, never mind actually paying for the home itself. The worst
part about this is that the average renovation job reopens less than two-thirds
of its initial cost upon resale.
Hence why it pays dividends to plan intelligently and carefully before you start
jumping into big renovations.
1. Change your colour scheme
Over two-thirds of real estate agents recommend repainting the interior of your
home prior to putting it on the market. By simply applying this, studies have
proven that it will increase your resale price by thousands! In recent years and
as it stands today, neutral tones such as gray, beige and ‘greige’ - a mix of the
two - have been very popular.
The greatest advantage of
repainting the interior of
your house is that because
of the ability to do it
yourself, there is very little
capital investment - apart
from a few tins of paint -
but will add thousands to
your home’s resale price.
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2. Landscape
Many studies have been conducted which have proven that by just doing a bit
of gardening such as, applying six applications of fertilizer and weed controller,
which cost approximately $400, will increase your resale value by $1000+.
In addition to that,
take note of how
the walkway from
the sidewalk to
your front door currently looks. As
this is often the
rst interaction a
potential homebuyer has
with your home, and a nice
stone walkway with
symmetrical greenery running
along either side can increasea home
by $5500+. 3
3. Replace old windows
By simply replacing old windows with newer, energy-e cient ones, it can save
you anywhere from $35 - $550 per year in heating and cooling costs.
Additionally, new windows can a lot to the overall appearance of a home, while
also eliminating drafts which often turns prospective buyers o when you
decide to sell.
Often, a mid-range window replacement costing about $5000 typically delivers
the best value, as the pricer options often include very minor aesthetic
changes that cost a lot but have very little value after the initial payment.
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4. Install hardwood oors
Although hardwood oors are often pricer than wall-to-wall carpet, they look
signi cantly more elegant and in the long run, may actually save you money as
well.
In a room that is 900 square-feet, by installing a mid-range red-oak oor it may
cost you around $7000 - $10000, which is almost two times pricer than
installing wall-to-wall carpet in the same sized room.
However, while carpet lasts on average for 10 years before having to be
replaced. Hardwood oors typically carry a warranty for at least 25 years.
Meaning that you will be onto your third carpet before you even think about
replacing your hardwood oor.
5. Install a new garage door
As odd as this last one may seem, the number one rule of thumb when it
comes to house renovations is that less is more; and by simply installing a new
garage door it will deliver the best value of all.
The all-in cost replacing an outdated garage door with an upscale steel model
will increase your home’s value by 96.3% of what it cost to install, in other
words, a $4000 garage door will really only set you back around $70 once you
put your home on the market.
Therefore, if you plant
to sell anytime
soon, this simple trick
will give you
almost immediate
returns, in addition to
the improved
insulation, which will
help lower your energy
bill each month.
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THANK YOU
If you want to nd out what your home is
currently worth and understand how we
can help get the most for your home.
Please feel free to call:
Manny Singh - 0423 277 447
Thomas Aloysius - 0433 019 756