Simple Improvements May Boost Home Value
September 2, 2010 by Special To Personal Liberty
For many Americans, their house is their main asset, and numerous owners have seen their wealth diminish during the current economic downturn. In fact, the National Association of Realtors says that home sales fell by more than 27 percent in July.
However, experts say there are ways to enhance the appeal and value of one’s house — especially if it’s about to go on the market — without spending a lot of money.
Painting the house and replacing the front door, which is the first thing prospective buyers see, are obvious and low-cost ways to spruce up the house and make it more attractive, according to Kiplinger.com.
In a similar vein, spending $300-$400 on landscaping can make the property stand out from among its neighbors and boost the chances of a successful closing.
Furthermore, replacing old sinks and adding low-flow faucet aerators, which can reduce water usage by 30 percent, costs less than $500 and can be done in one day. Prospective buyers pay particular attention to the kitchen, and this is one investment that can greatly pay off, the news source advises.