You want to earn quick capital appreciation on your property value within a year. Here¡¯s 20 ways to achieve your purpose:
1. Increase the curb appeal of your property. Curb appeal is simply the appearance of your property. Replace old gutters, clean the yard, apply a fresh coat of paint and spruce up the landscaping. These are all projects you can do on your own or have a handyman do them for you without high expenses. First impression means everything!
2. Increase the square footage of your property by finishing a basement or attic. A bigger property gets bigger dollars.
3. Update your bathrooms. Simple inexpensive improvements can increase property value substantially. Replace old fixtures, faucets, toilets seats and even shower curtains. If you have the money and you can afford renovations, tiled showers, or a new vanity is a great place to update.
4. Update your kitchen. Perhaps the only room in the house that is even more important than the bathrooms is the kitchen. Replace appliances, refinish cabinets and enhance the lighting, this will give a new better looking kitchen that is inviting to any potential tenants/buyers. Any time and money spent in the kitchen will almost always pay you higher dividends.
5. Increase your storage space. We all have junks and need a place to put it away. So the more storage place, the better. Clean your garage and your attic if you have them. Show the world an immaculate storage area and it not only shows how much room there is, it also tells them how well you've maintained your property.
6. In cold weather climates, add a garage. If you have the money, do it. Consider it a short-term expense for a long-term gain.
7. Replace or fix a roof. A leaky roof is so damaging that it will decrease the overall property value and cast you in negative light as a property owner. If you let the roof go, it basically means letting your property value drop too.
8. Go neutral for interior painting. If you want to add a fresh coat on the inside of your property, use neutral colours such as beige, ivory, taupe, black, gray, and white. The interior colour of a property is a personal choice and one you should never attempt to make for the new owner.
9. Make sure your property is clean. Nothing devalues a property like clutter and dirt. Get your sweep and vacuum out and have your carpets cleaned and your floors washed.
10. Windows of Value. Windows are now associated with energy savings as well as aesthetics. Buy a quality window with a good guarantee. Your buyers will thank you and pay for the luxury!
11. Give some minimal landscaping please. Even if you don¡¯t like gardening, landscaping is important to attract people to see your property. Good landscaping welcomes people to enter your property and check out the interior. Putting a clean edge around your yard with mulch will really give a yard a neat look. Adding flowers and small shrubs is a great way to enhance the curb appeal of your property. These simple things do go a long way and enhance your property appeal. More importantly, it will add more value to your property!
12. Remove refuse or debris from the yard. This goes hand in hand with landscaping. Make sure there¡¯s no broken down car in the driveway or old appliances hanging out in the backyard. The outside of the home is the first thing a prospect sees. If the yard is full of junk, it's not going to leave a favourable first impression.
13. Repair or replace any damaged windows or screens. If the windows are broken, people will think the home is not secure and not safe. It also shows neglect upon the property owner.
14. Replace old or damaged front door. Security of a home is one of the biggest concerns when people choose a property. Having a solid looking door can help give a secure looking home.
15. Put out an attractive welcome mat. This makes the property seems homey and inviting.
16. Put in a few decorative features inside the property. The homier the property looks, the easier it will be for prospective buyers to picture themselves living in the home. A spice rack in the kitchen, a fireplace tool set by the hearth, a pretty area rug on wooden floors, and a couple of flowers vases can go a long way towards making the home seems warm and inviting. It is also every realtor¡¯s trick to serve fresh baked cookies or cinnamon buns to welcome new buyers, giving them a feel good homey feeling.
17. Hang some attractive curtains. This does a lot to make your home look welcoming and ready for the new buyers to move in. It also costs very little to get nice looking curtains.
18. Paint rooms in a warm, neutral colours. Avoid colours that may be disliked by a significant number of people, such like dark green. Don't use white either, which may seem like a hospital room to some people. Try colours such as off-white, ivory, or a soft, gentle yellow.
19. Repaint the exterior of the home if it is an unusual colour or if the paint is cracked or appears old. A facelift for the exterior of your property gives bonus points for making a good first impression.
20. Repair or replace the driveway if it is cracked or damaged. A driveway that appears very old or damaged will make the property itself seem like it wasn't taken care of. The first impression is always the most important thing when buying a property.