As a listing agent, I am often asked by homeowners what they can do to add value to their home.\u00a0 Homeowners should always be aware of the improvements that are being made to the houses around them.\u00a0 There is a need to \u201ckeep up with the Jones\u201d, but only when the majority of properties in a neighborhood have the feature. \u00a0If your property is in the minority of homes that has not upgraded to granite counter tops, then the buyers perceived value (or lack thereof) will be significantly greater than the appraised value difference.<\/p>\n
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Perceived value seldom has anything to do with appraisal value.\u00a0 Perceived value is the difference in the buyers\u2019 eyes of what a house has to offer.\u00a0 For example, which has more value\u2026brick or stone…jetted tub or luxury shower\u2026bonus room or workshop?\u00a0 These items may have similar appraisal value, but the perceived value to buyers cannot be assumed, as it is individually determined.<\/p>\n
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So how can you add perceived value to a home when it is so individual?\u00a0 You make you house look loved and well-maintained. You do not have to spend big dollars to make it happen.\u00a0 If you home is in good condition, then making it look loved is easy!<\/p>\n
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Change out construction sheet-mirrors with framed mirrors, change out faucets for gooseneck styles.\u00a0 Replace theater style lights with teardrop style lights.\u00a0 Paint or replace gold or brassy fixtures with brushed nickel or oiled bronze colors.\u00a0 Update cabinet hardware.\u00a0 Spruce up landscaping.\u00a0 Landscaping is the first impression.\u00a0 Make your house a home someone will relax into as soon as they approach the driveway.\u00a0 Remove wallpaper, paint in neutral relaxing colors. Remove curtains, and open blinds.\u00a0 Sunlight makes rooms look larger.<\/p>\n
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These are all perceived value items that cost little investment in a home.\u00a0 You may even find that you love your home more as well!<\/p>\n
What to zero-base your real estate company and make the sales side 100% profit?\u00a0 Sounds to good to be true?\u00a0 NOT!<\/p>\n
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Wendy Harris is the Broker Owner of Team Harris Real Estate and a Business Consultant and Coach for Corcoran Consulting & Coaching specializing in residential real estate and property management.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"
As a listing agent, I am often asked by homeowners what they can do to add value to their home.\u00a0 Homeowners should always be aware of the improvements that are being made to the houses around them.\u00a0 There is a need to \u201ckeep up with the Jones\u201d, but only when the majority of properties in…<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"\n