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How To Add Resale Value to Your Home

4 Simple Changes to Add Value and Beauty to Your Home

A recent New York Times article lists a number of small changes that can make a huge price difference when selling your home.  According to the article, "chipped plaster or broken bathroom tiles can knock $500 to $5,000 off an offer, $1,500 floating walls can add $50,000 to $70,000, and a $10,000 paint job easily adds $50,000 to the price, according to an informal survey of city brokers."

Even if you're not planning on selling your home any time soon, many of the suggestions in the article also make sense for any homeowner looking to add to the comfort factor and beauty of their home. And, on the off chance that you actually end up putting your house on the market, you can rest assured that these changes may help you get the price you want for your pad. Check out the article for all of the details on how implementing these changes can positively affect the sale of your home, and see my favorite suggestions below.

  • Banish clutter. When selling your home, clutter can detract from buyers' interest. In your everyday life, it can also cut productivity and add stress. Try these tips for cutting clutter in your home.
  • Refresh with new towels and throw pillows. These items can add a surprising amount of value to a home on the market. If you can't afford to buy new ones at the moment, bleach towels and sew or change out covers on the most visible throw pillows in your home.
  • Regrout tile. Apparently, in a $3 million apartment, simply regrouting the tilework can add $100k to the resale value. In your home, it can make you feel as if you've stepped into a new bathroom. I'm about to regrout the bathtub tiles at my house, and found this advice pretty helpful for DIYers. Too time-intensive for you? Hire a professional.
  • Clean or replace a dingy rug. According to the article, a dirty area rug can subtract $5,000 from the price of a home on the market. Tired of looking at your besmudged carpet? Rent a steam cleaner. You'll get a good workout, and the results can't be argued with.

What other easy changes would you recommend for adding freshness to your home?



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