Home sales are soaring from coast to coast. In Maine alone, home sales and prices were up by 28% this May compared to May of 2020, US News reports.
In May, American homes sold for a national median of $356,600, according to The Maine Association of Realtors. (That’s 24% higher than last year’s median.) So if you’re looking to sell your home, you could make a ton of money.
If you want to maximize your profit, though, you might want to make a few adjustments. A tiny home renovation project here and there can net you a few extra thousand bucks once you put your home on the market. Here are three easy ways to increase your home’s value and earn as much money as possible when you sell.
1. Make your outdoor space into a hangout zone
There are a ton of great ways to spruce up your outdoor space. For one, you could add chairs, a patio or even an outdoor grill.
Want to add a new deck? It’s a big project but well worth the effort. Back in 2018, a study from the National Association of Realtors discovered that new decks and patios could make a return of anywhere from 69% to 80% on your investment.
It’s all about making a great first impression. Speaking of which, here’s a good step to impressing people through the digital world.
2. Claim on Zillow
When buyers search for a new home, they’ll usually turn to Zillow. It’s one of the most popular real estate hubs on the web. People might find your property on Zillow and decide they like it. But if the Zestimate is inaccurate, they might decide to pass on your home.
Let’s take a step back. A “Zestimate” is Zillow’s best guess on your home’s market value. Unfortunately, it’s not always 100% accurate — in fact, it might miscalculate your home’s value.
For example, let’s say you upgrade your home with a gazebo and a pool. Well, Zillow might not know about that. Thus, it wouldn’t factor those upgrades into its Zestimate.
That’s why we recommend claiming your property on Zillow. First, create an account. Then you can just look up your address and edit the listing of your home.
Then you’ll have to verify your ownership. Now it’s time to start crafting a more accurate Zestimate. In one step, you’ll improve your chances of finding great buyers.
3. Add a fresh coat of paint
A bright new paint job can breathe new life into your home. Honestly, it’s funny how much a single color change can accomplish.
For instance, painting your walls white can make the room seem bigger. When potential buyers tour your home, they could more easily imagine setting up their own items on the wall. (If you have, say, red walls, that’s pretty distinctive. It might not impress potential buyers who wouldn’t want something so specific in their home.)
This is why 63% of realtors recommend repainting your home’s interior, the National Association of Realtor’s 2021 Profile of Home Staging says. And you don’t have to break the bank to do it. In fact, you could buy a gallon of one-coat coverage paint for about $40, depending on the brand you choose.
Just remember that you’re putting yourself at a good amount of risk whenever you spearhead a DIY project. For example, a simple mistake could cripple your efforts to improve your assets. If you aren’t careful, you could mess up and actually hurt your home’s resale value.
Leave it to the pros
When it comes to home improvement projects, it’s best to hire out someone who knows what they’re doing. But where do you start finding the right people for your job? Simple. Just download Angi.
It’s an easy-to-use app that puts everything you need to tackle projects right in the palm of your hand. The app connects you with professionals who can help out in home renovations. Whether you need an AC tuneup or routine maintenance, like lawn care, Angi has the professionals you need to contact.
It’s never been this easy to upgrade your home. Get Angi, your home for everything home. Download the free app today at Angi.com!