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Posted over 10 years ago

3 Instant Ways To Up Your Home's Worth

Every homeowner wants to increase their equity. Whether you’re planning to sell your home tomorrow, or five years from now, making the most out of your investment is always a smart move.

Here are 3 tried and true techniques to help you get the most out of your home:

1. Update your front door. A front door is instant equity. It sets the tone for buyers because it’s one of the first things a buyer sees. Good first impressions go a long way. According to changing your door is the number one upgrade based on return on investment. Even if you’re not up for splurging on a new solid steel door, painting the door a new en-vogue color can do wonders. Tony Soliz, an appraiser at 911 Resoration says, that small fixes such as these to enhance curb appeal is the best bets for home-sellers to increase value. “A new coat of paint is a huge uplift in the value of a home. I've seen tear-downs that increased in value with a simple paint job right before they got demolished,” notes Soliz.

2.Using a seller’s agent with the highest price closings – There is a science and an art to pricing homes. And whether its ending your price with a ‘9’ or pricing just under market for multiple bids, a seasoned agent knows the right strategy suitable for your market. Part of determining how effective your seller’s agent is, is to compare a their history of final sale prices to the original list price. A truly effective agent is consistently able to sell their homes for more than their listed prices.

You can maximize your home’s value simply by selecting the seller’s agent who sells at the best price. With agent matching services, like Agent Ace, you'll get insight about each recommended agent's list-to-close information, along with a number of other key metrics used to evaluate an agent's service.

3. Make aesthetic tweaks to your bathroom – Rather than tackling your kitchen, make updates to your bathroom, as its smaller and likely will require less work and money out of pocket. To really maximize your dollar focus on small aesthetic changes – upgrade the light fixture, the vanity mirror, perhaps paint that out-of-date green tile a fresh white. Dani Perea of HomeNest notes that bathroom renovations average a 62% ROI ,and even just “re-glazing a tub, rather than getting a brand new one will also save you money and upgrade the look of your bathroom.”



Comments (3)

  1. Hi @Matt Fisher 

    These kinds of metrics aren't available publicly but there are free services like the one I mentioned, Agent Ace, that have this MLS info. They can assess the info and provide you insight about which listing agent has the best list-to-close ratio and is the best one to service the particular home you're selling.


  2. You suggest comparing an agent's history of final sale prices vs. the original list price...  How do you find that data?