5 Tips for Increasing the Curb Appeal & Value of Your Home

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Homes with strong curb appeal can fetch higher prices. Learn simple improvements you can make to increase the sale price of your home.

No matter how low mortgage rates fall or how flush the housing market, selling a home can be a long and often difficult process. That’s why it’s vital that you do whatever you can to make your home more attractive to buyers. The first step: curb appeal.

When talking to real estate agents, most will tell you that curb appeal is one of the most important factors in selling a home. Why? Because homes with strong curb appeal can fetch higher prices.

An attractive home exterior can boost the selling price of your home. After all, first impressions are nearly impossible to reverse or undo. So, what does that mean? Do you have to completely update your home’s appearance? Not necessarily.

The Importance of Curb Appeal

Curb appeal isn’t just about making your house more attractive; it’s about making it memorable and demanding positive attention. A home with high curb appeal can demand higher prices and take less time to sell. The outside is also what brings potential buyers inside.

The reality is that many homebuyers begin the buying process online and, of those, over half will drive by a home they saw online. That means that over half of your prospective home purchasers could make a decision on your house by what they can see from the street. Every part of your home’s exterior from the front entryway to the yard, driveway, sidewalk, walls, and windows can make an impression.

You probably won’t be able to update or polish every aspect of your home’s exterior, so what should you prioritize?

1. Wash Your House

Before you start worrying about your landscape, you should first focus on cleaning the exterior of your home. Just as you’d take the time to scrub your bathrooms and kitchen, you should take the time to wash your home exterior. By simply sprucing up the outside of your house, you can make a strong positive impression on potential buyers.

You can start and complete the process over a couple of weekends. All you need is a pressure washer, a bucket of soapy water, and a long-handled brush. Whether your home has wood, vinyl, metal, stucco, brick, or fiber cement siding, a little washing can remove years of dust and dirt. And don’t forget to wash your windows, clean your eaves, and power-spray your garage door.

If your walls could use a refresh, consider repainting. It’s not a low-budget option, but it can make a serious difference. If you can’t afford to paint the entire thing, just focus on the trim.

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2. Take Care of Your Roof

As a homeowner, you probably don’t think about your roof that often, but it’s one of the first things that a buyer notices and that an appraiser will assess. If your home has missing, curled, or faded shingles, it can seriously detract from your home’s value. The key is to determine if your roof just needs a solid cleaning or if it should be replaced entirely. The difference is cost and results.

Replacing and repairing your roof isn’t cheap. The national median cost of a new asphalt shingle roof is about $8,700. But you can also choose to simply clean your roof for closer to $1,000.

3. Keep It Manicured

A poorly manicured lawn can give a bad first impression to potential buyers. Good landscaping can make a huge difference in the value of your home; just make sure you don’t get carried away. You don’t have to spend excessively on premium landscaping. An appropriate yard facelift can happen for just a few hundred dollars and increase the value of your home by 5-10%.

Make sure your grass is neatly cut and green, replacing dead patches with sod from your local department store. You should also trim any trees and prune your shrubs. And, if needed, plant a few new shrubs to replace dead plants or fill in blank spaces. It’s also vital that you pull up weeds, remove dead foliage, and put down a new layer of mulch. Every little bit helps.

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4. Enhance Your Home’s Polish

Small enhancements can take your home from just another house on the block to “the house” to buy. And you don’t have to go crazy. These days your local department store has many affordable and attractive options for polishing your home’s exterior.

Here are a few ideas to enhance your curb appeal polish:

  • Add Color: It only takes a small splash of color to attract buyers. Add a tulip border near your entryway or add a brightly colored bench to your front porch.
  • New Numbers: Replace your old, outdated house numbers with shiny new numbers that match the style of your house. Consider something unique like copper, bronze, or brushed nickel.
  • Light Up: Homebuyers like homes that look good night and day. A quick fix is to add solar light fixtures to your walkways and custom light fixtures on your porch and around your garage door.

5. Add Character and Style

Curb appeal isn’t just about cleaning and repairing what you already have; it’s also about adding a little bit of personality to your home. Buyers are more likely to purchase a home that they can picture themselves living in. And it doesn’t take much to add that little extra “oomph.”

The typical front door is rather dull. To add some “pop” to your home, consider making your front door your home’s focal point. Replace the standard white door with an artistically rustic creation or paint it red for a burst of color. You can also add character by adding a new mailbox, installing a white picket fence, or laying down a cheery welcome mat.

Now that you know what you need to do to add curb appeal to your home, discover tips about staging your home or selling your home.

What Buying a House Can Do for You: Investment Opportunity and Financial Security

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Buying a home can be a great way to build wealth and protect your assets. Learn how home ownership can be a great investment decision for your financial security.

Some people may think of buying a home as a stressful experience that comes with an enormous commitment that can burden you for years. However, buying a home can be a great way to build wealth and protect your assets. Learn how homeownership can be a great investment decision that bolsters your financial security.

A Net Worth Boost

Research shows that on average, homeowners’ net worth is far higher than that of a renters’ net worth by up to 36%. And this wealth gap keeps widening every year. One explanation for this gap is the concept of forced savings. This is a situation where a person is essentially forced to save a certain amount of money every month for a significant expense, such as a house or a car.

Paying for a mortgage is a great example of forced savings. Paying for your mortgage month after month forces you to save a portion of your income to help pay off your property, which works towards increasing your home equity and net worth. Renters, on the other hand, increase the net worth of their landlords without building equity or assets.

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Tax Benefits of Homeownership

Buying a house shouldn’t be considered fully as an expense. Homeowners enjoy a variety of tax breaks that you might not know about. Here are some of the tax breaks homeowners may qualify for:

Mortgage Interest Deductions

The monthly mortgageyou must pay when you buy a house is split into two parts: one portion goes towards the actual principal amount, and the other portion pays off your interest on the mortgage. In some cases, the mortgage interest on your main and second residence is tax deductible.

To claim the mortgage interest, you must itemize your deductions on a Form 1040 Schedule A, unless you just want to just claim the standard deductions. You should get a 1098 Form from your mortgage lender at the beginning of every year showing the total amount you paid as interest for the previous year that you can claim for tax returns.

Property Taxes

City or state real estate taxes that you pay on your house may be filed as a deductible while itemizing the deductions on a Form 1040 Schedule A.

Mortgage Points

There are two types of mortgage points, and each point represents 1% of your total mortgage. Origination points, which is a fee that you pay to the borrower to compensate for their work that goes into processing a loan, are non-deductible. Discount points, which allow you to get discounted interest rates on your mortgage, are tax deductible.

Some of the interest that you pay on home equity loans are also deductible, along with interest on home improvement loan, and qualified moving expenses.

Using the Power of Leverage for Investing

One advantage of buying property for the purpose of investing is that you can borrow funds to make the purchase, as opposed to other investment opportunities such as stocks and bonds. Another advantage is that when inflation hits and prices increase, sometimes your house value will increase as well. If you borrow with a fixed rate mortgage, you will still be paying the future monthly payments with a currency that’s depreciated in value. As years go by, the equity on your property will increase, and once the principal amount is all paid off, you will have a debt-free asset that will continue to appreciate, depending on market conditions.

Compared to stacking up cash savings in your bank account and watching it lose value to inflation, investing in a property can secure your money in the long-term and act as a hedge against dollar debasement. Whether for diversification of your investment portfolio, or to secure a property where you and your family can grow and build memories, buying a home can be a timeless investment vehicle.

 

Now that you know the benefits of buying a house, visit sleggrealty.com  and find your dream home.

 

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