Many who are selling a home make the common mistake of neglecting curb appeal, thinking that it will not affect the appraised value of the home. However, there are many tasks you can perform to get your home ready to sell that both increases the appraised value as well as the ability to catch the attention of prospective buyers.
The Importance of Curb Appeal
Curb appeal is an essential component of selling a home. The fact is those who are looking to buy are most often less interested in a home that is not well landscaped and has issues with the exterior of the home. Curb appeal is essentially the first impression, and a good first impression can significantly increase the chances of the home selling. Many of the tasks you perform while improving the curb appeal can also increase the appraised value of the home, such as adding a new roof.
How to Improve Curb Appeal
Every home is unique, and owners should evaluate their home to find unique and valuable ways to improve the curb appeal. However, there are some tasks that are most often worth doing when improving curb appeal, which includes cleaning the exterior, upgrading an outdated roof, landscaping and adding new paint if necessary.
Clean the exterior
The siding of your home is one of the first things prospective buyers are likely to notice. In many instances, improving the exterior of the home can allow the home to sell for as much as $10,000 more. If the siding is damaged, then replacing it is most often worth the investment. If it is only dirty, then a professional pressure washing job will almost certainly yield a return on your investment when the home sells.
Improve the roof
Improving your roof is a relatively broad term, ranging from replacing a few shingles to complete new roof installation. While minor issues generally can be repaired for under $1,000, a complete roof replacement can cost between $5,000 and $10,000, depending on size and severity. With that said, it is most often worth it financially as it yields a significant return on investment to replace the roof if it is more than 25 years old or in poor condition.
Landscape your lawn
Landscaping your lawn may not have a significant impact on the appraised value, but it often makes the home sell much faster. When seeing a home, prospective home buyers are often turned away at the sight of an ugly or overgrown lawn with little appeal. By making an investment into improving the lawn – and perhaps hiring a professional landscaper – you can increase your home’s curb appeal and value.
Consider new paint
One of the most cost-effective ways to improve your home’s curb appeal is to add a fresh coat of paint. While repainting the whole home is often worth the time, money and effort, simply adding new paint to the doors and fences can go a long way in improving the overall attractiveness of your home as well.
EXIT Realty Bob Lamb & Associates is Murfreesboro’s most innovative real estate team.
EXIT Realty Bob Lamb & Associates
2630 Memorial Blvd, Murfreesboro, TN 37129