Home : Surefire Ways to Increase Real Estate Market Value

Surefire Ways to Increase Real Estate Market Value

Posted by Brett Carman on 3/21/2008 at 6:58 AM
Posted in Real Estate

I recently wrote about what improvements can mean to your home in terms of return on investment. The National Association of Realtors publishes an annual report detailing a range of updates one can do to their home and what percentage of increase in value to the home might occur upon sale. What I want to identify are a couple of areas to key on when deciding on what do to improve your home’s worth and get maximum return on your real estate investments by maximizing market value.

I can’t stress enough the importance of a good first impression. Just like with people, you only get a few moments to make a good impression and the same can be said for real estate. An exceptional drive-up appeal invites prospective home buyers into your home to see what else you can “WOW” them with. Give your landscape a make-over to make sure your home is sending the right message to it’s prospective suitors. You want them to feel like they would be proud to drive-up and call your home theirs.

Then next thing to do is make sure your kitchen is up to date. Having antiquated appliances, cabinets or countertops can be a big turn-off. Make sure your appliances not only function properly but that they “work” with your décor. Replace faucets, knobs and light fixtures to further bring your kitchen into the 21^st century. Finally, getting your countertops and backsplash upgraded to a natural stone surface has proven to be not only provide a value increase but can also help your home sell more quickly.

Post a comment if you have had success in upgrading other areas of your home and getting more for your home because of it or if you are considering other upgrades and want to know my thoughts about them.

Brett Carman is a seasoned veteran in the real estate industry for over 17 years. He holds active licenses in real estate, mortgage finance, and property & casualty insurance. Offering a one-stop shop for his residential and commercial clients, he strives to not only educate, but streamline the real estate acquisition process. With a long and proven track record of success, he is uniquely qualified and has a passion for helping people achieve their goals in real estate.

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6 Comments

Posted by Fine International Homes on 03/21/2008 10:41 AM

One area not to forget is your front door area. This is part of "The first impression" moment. Make sure your front door is freshly painted or replaced if necessary. Replace broken light bulbs in the fixture. Remove all old newspapers lying around and replace dead plants in your pots. Make sure there are no wasp nests. Nothing better to chase potential buyers away than buzzing wasps when they try to get into the house.
www.fineinternationalhomes.com

Posted by member1763531 on 03/21/2008 11:26 AM

Quite right. Fist impressions are vital. This also applies to marketing the property in the first place. I see too many awful attempts by realtors to market a property that will ultimately turn buyers off.

If you can get them walking through the door in the first place you are already ahead of the game. I have even started a collection of videos on my blog:

http://blog.luxuryproperty.com/worst-youtube-real-estate-videos-2/

Posted by lightwayvez on 03/21/2008 3:30 PM

In a word French Doors

Posted by The Anchor Guy on 03/23/2008 3:30 AM

Hi Brett

First impressions promote a successful sale. If you are an estate agent though, it does not matter what state the property is in. I find it harder to get a client sign up an "up-dated" home.

What do average clients look for? Entrance, Kitchen and Bathroom - That’s it

I a homeowner, rather save yourself a lot of money and sell the home "as is" As an agent, be sure to prepare your client with a vision of what he could achieve. In today’s market, there are many quick fixes that a client could choose from. It is far better to sell a vision with the sale agreement so your client can up-date the home to his/her own setting/standards. Some clients just don’t have the time to do things their way though. A good agent will always get to understand his clients needs prior to taking them to view, after all, you are not taking them to view the house, you’re taking them to sign for it.

It all boils down to one fine detail.

******* BE SURE YOU CHOOSE THE RIGHT AGENT *******

Guy: www.anchor.estates@yahoo.com.

__________________________________oOo___________________________________

I think Donald has the "DJT’s" as he has still not made contact. Perhaps you have the time and vision of how the new marketing technique will generate billions. You have my e-mail.

Guy

OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

Posted by Brett Carman

on 03/26/2008 3:03 PM

@member1729723

Good point about having an agent with "vision" as well as a grasp of what things cost to remedy or update. A buyer's skewed perception of the cost to remedy can cost you sales! Thanks for your comment.

Posted by Brett Carman

on 03/26/2008 3:15 PM

@ lightwayvez-

That's 2 words...

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