MANGROVE REALTY ASSOCIATES
Lori Madden, MANGROVE REALTY ASSOCIATES
Email: [email protected]

Tips for Adding to Your Resale Value

by Lori Madden 07/07/2020

Image by Breadmaker from Shutterstock

When you're motivated to get the most from your sale, it pays to add property value through preparation. Get started today with some of these tips:

Have your local real estate agent evaluate your home. As a professional, they know what sells and what doesn't in your area. They will assist you in determining how to spend your money wisely to get the best return.

  1. Pay for a home inspection. A certified home inspector will point out those areas needing fixing, correction, or removal.

  2. Clear up landscaping messes and debris. Add regionally appropriate and low-maintenance plants and ground cover.

  3. Paint your walls to a neutral but modern color. Gone are the instructions for all-white walls. Stick to gray or taupe tones though, to give a hint of timeless freshness. Remove dated, stained, peeling, or faded wallpaper. Instead of replacing it, finish and paint the area in a neutral palette with an appropriate finish.

  4. Request a home energy audit from your utility company. Most energy companies offer this service for free. Sometimes simply making changes to lighting or adding insulation gives your house a higher energy rating. Efficient homes are generally more attractive to buyers.

  5. If your home has "popcorn-style" texture on the ceiling, consider removing it. Replacing it with smooth plaster or a modernized surface increases your home’s value. Do not DIY this, however, until you make sure that your ceiling texture does not contain asbestos. Up until the late 70s, many textured ceiling preparations used asbestos flakes. If your home is newer than this, you're likely fine handling this on by yourself. An older home, however, requires a licensed professional with experience in asbestos removal and disposal.

  6. While you’re at it, replace old light fixtures. Upgrade them with high-efficiency fixtures and for little expense, bring your home into the LED era. Upgrade exterior lights with automatic options to add a safety factor to your home's exterior.

  7. Replace your roof. When living in storm-prone areas, hail or windstorm may cause damage that you cannot see and affect your roof’s integrity. Get a roof inspection (most roofing contractors do this for free). If your roof is storm damaged, contact your homeowner’s insurance to see about replacing it. In some policies, storm damage replacement has time limitations. If you've experienced heavy hail or windstorms, immediately have your roof evaluated or you may end up paying for repairs yourself. While a new roof may not increase your sale price, a damaged roof will lower it.

  8. Expose your hardwood. When you have wood flooring hiding underneath stained, faded, or worn carpeting, take time to remove the carpeting and expose the hardwood. Refinish the floor if you can do so. Even if you cannot, use some of these quick fixes to make your wood floors appear inviting to homebuyers.

When in doubt, always refer to number one above: call your real estate pro. They’ll help you determine the best options for you to get the most from your home.

About the Author
Author

Lori Madden

As a Florida native growing up in Sarasota, I have seen my hometown grow from a sleepy coastal town to a highly sought-after destination along the shores of the Gulf of Mexico. After working in Chicago for 5 years, I returned to Sarasota and saw it through a new lens and really began to appreciate what makes Sarasota so desirable, including temperatures that allow for year round outdoor activities including tennis (a personal favorite), golf, boating, kayaking, fishing, paddle boarding, or just relaxing and/or shelling on our pristine sandy shores, including Dr. Beach’s #1 beach in the United States for 2017, Siesta Key! Sarasota’s cultural amenities are many and diverse, appealing to a wide range of arts lovers. Downtown Sarasota has become a destination in itself, drawing many new developments for those who want to be within walking distance of Main Street's offerings and the picturesque bayfront and marina. Foodies will find an eclectic mix of locally owned and operated restaurants offering something for everyone, and there are now Farmers Markets every day of the week in various locations throughout Sarasota, but the Saturday morning Farmers Market in downtown Sarasota draws the biggest crowds. Since 1988, my passion has been selling real estate, representing both buyers and sellers. I have been recognized by my clients and customers for an uncompromising work ethic and dedication to helping them achieve their real estate goals. Relying on my experience as a real estate paralegal and being highly organized, I am able to help make the transition between contract and closing a smooth one for my clients. With an eye for interior and landscape design, I've been known to pitch in and help Sellers minimize and/or reorganize their belongings in order to stage their home to maximize its sale potential. I specialize in out of state buyers looking for their piece of paradise along the Gulf Coast and make it a priority to keep them up to date on our quickly changing local real estate market. I welcome the opportunity to share with you all Sarasota and her surrounding islands have to offer!