How to increase the value of your home without breaking the bank

We spent many late nights, countless trips to Lowes, and more arguments than we’d admit while we were working on our first home in Sulfur Springs. But now we laugh about the times during the remodeling work we started where our son was born. When it came time for our second home, we built west of town while we were general contractors. We have enjoyed working with our local contractors and living in a home that we dreamed up from start to finish. After selling it in 2019 we moved back to the city but hope to build again soon.

We have been dealing with real estate in one form or another since our mid-20s. And we’ve learned many lessons from buying, renovating, and selling a home or property—we could write a book about the do’s and don’ts.

Based on our experience in Hopkins County, most changes can be made with little to no cash outlay. It just takes a little know-how and welding equity. And every money spent can add value to your home and appeal to potential buyers who will move to Sulfur Springs and make it worth the investment. However, before embarking on any project, we recommend that you consult with a local real estate agent. They can provide free advice on current market trends and what to focus your attention on to get the best results. We’ve highlighted 4 areas to help you get started:

to complain

First impressions are crucial, especially when it comes to real estate. Most people begin to form an opinion about their home as soon as they arrive. To get the highest price for your property, consider the following:

Added value through landscaping. Numerous online surveys suggest that money spent in this area tends to have a positive return on investment (ROI) for the homeowner. Keep your lawn manicured, cultivate fresh mulch in your flower beds, and add pops of color with flower clusters to make your home shine. Or consider adding potted plants to your porch or patio. Also, a little elbow grease goes a long way in maintaining a clean and tidy space.

maintenance

You may have become accustomed to some imperfections in your home. And these known issues can adversely affect the value of your home. Buyers could go home with a negative impression.

Minor repairs can have a big impact. Small issues tend to compound in a buyer’s mind, especially when there are additional problem areas. Caulking around the doors and window trim and baseboards creates a tight seal and protects your home. Repair

Leaking faucets or touching up paint or painting all the walls are other examples of small repairs that make a big impact. You will be surprised at the impact of the choice of color. Neutral colors appeal to more people. Another simple fix is ​​to make sure the lights are working and add matching bulbs that add functionality and uniformity to the interior lighting. Keep the joints between the tiles clean and in good condition. Finally, check that all doors open and close properly and that the kitchen cabinet doors are properly aligned.

Inexpensive upgrades

A full kitchen or bathroom makeover may not be financially feasible. But there are a few upgrades you can implement at a fraction of the cost.

The kitchen and bathroom are key selling points of your home. If your closets have seen better days, it’s probably time for a facelift. Painting your cabinets and updating the hardware (moves) makes a world of difference. You might even want to replace closet doors if that’s possible. If in doubt, we recommend consulting a trustee and, above all, beforehand Beginning of any major home improvement work. You again can speak to a local Realtor® about your specific goals. They understand the local market and know how to do it guide and support you in pricing your house. This helps in knowing if adding big money projects like granite countertops is worth it.

Another kitchen change that could help is matching appliances. However, like the granite countertops, they can cost more money than a simple minor repair. So be aware if this change or update is worth the investment. The risk depends on your local real estate market and the price point of your home. You might be better off investing those dollars elsewhere and benefiting from a higher rate of return. If your ceiling fans or light fixtures are outdated, you may be better off spending money in those areas. Overall, be careful when upgrading as over-enhancing is possible.

Tidy & cleared & staging

After you’ve landscaped, cleaned, repaired, decluttered, made improvements, and cleaned some more, you’re ready to reap the rewards of your hard work!

Getting your house image ready creates a lot of attraction. The staging emphasizes the positive qualities of your house and buyers can imagine living in it. It also helps them see how they might use each room in the house. People tend to be visual and often associate some value with cleanliness and organized spaces! We’ve seen that a staged and tidy home almost always fetches a higher price than a messy, dirty one.

Final Thoughts

Applying these improvements to your property is one of the best ways to add value. Most of these are universal and timeless ideas no matter where your property is located in Hopkins County. A little elbow grease can put money in your pocket so you can take a short vacation, sip tea on the beach, and celebrate your hard work and the equity you’ve earned from the sale.

About the contributors: Ryan & Sunni Chester have established themselves in the oil and gas business by the age of 19 as independent contractors, seven of whom are leased in West Texas. They have spent the last 15 years owning and operating their own oil and gas company.

Ryan & Sunni also have expertise in buying, renovating and selling homes at a profit. Their personal experience of being on both sides of a transaction as a buyer or seller on multiple occasions means they fully understand their client’s position. It is this empathy and knowledge that works well for her clients in a sometimes stressful but exciting process. For anyone contemplating what might be the first step, Ryan & Sunni are your team.

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