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Home Equity Tips: 3 Upgrades That Will Make Your House Worth More When You Sell

December 9, 2016 by support

Home Equity Tips: 3 Upgrades That Will Make Your House Worth More When You SellIt’s likely that your house is your biggest asset, so when it comes time to sell it you’ll want to do everything you can to maximize your profit. Good news the value of your home isn’t solely determined by the market, there are several ways in which you can increase its value by making upgrades before listing.

Let’s take a look at 3 top upgrades that will make your house worth more when you sell.

1. Make It Profitable

Not surprisingly, the number one way in which you can increase the value of your home is to add an income suite within the property. If your home has potential to earn buyers’ money it will inevitably be more valuable than a property that doesn’t have any potential cash flow for the owner. Whether it’s a basement suite or a floor that’s been made into a separate unit, income units are a huge bonus for buyers. Making money while paying off their home would be a dream come true for most people, and it’s a dream that buyers are willing to pay a high price for.

2. Kitchen Is Key

Kitchens are often the first area to become dated or worn out within a home, and they’re the most important part of the house when it comes to valuation. Make sure that your cabinets and countertops are updated before selling, and modernize the design with neutral fixtures that are current yet adaptable to many tastes. Having a fresh kitchen shows both function and fashion to buyers. After all, no one wants to see rusty old appliances and dingy lights when walking into the focal point of a home.

3. Beautify The Bathrooms

Besides the kitchen, bathrooms are the second most important aspect of a home when it comes to valuation. Having multiple bathrooms within a home automatically increases its value significantly, especially if at least two have at least three pieces within them, containing at least a sink, toilet, and either a shower or bath. Ensuring that your bathrooms are leak-free, look meticulously clean, and have a modern design is a fantastic way to make sure that buyers will be impressed during an open house.

Bonus tip: if installing a new toilet, consider purchasing one that is eco-friendly with dual-flush options. As people become more and more environmentally conscious, fixtures such as these will cater to a broad spectrum of lifestyle values.

If you’re ready to prepare your home for sale and are looking for more ways in which you can maximize its market value, contact your local mortgage professional today.

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Filed Under: Home Seller Tips Tagged With: Home Seller Tips, Selling A Home, Upgrades and Renovations

Elva Wormley

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This licensee is performing acts for which a real estate license is required. C2 Financial Corporation is licensed by the California Bureau of Real Estate, Broker #01821025; NMLS #135622. Loan approval is not guaranteed and is subject to lender review of information.

Loan is only approved when lender has issued approval in writing. Specified rates may not be available for all borrowers. Rate subject to change with market conditions. C2 Financial Corporation is an Equal Opportunity Mortgage Broker/Lender.

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The services referred to herein are not available to persons located outside the state of California.
C2 Financial Corporation is approved to originate VA and FHA loans, and has the ability to broker such loans to VA and FHA approved lenders. C2 Financial Corporation is not acting on behalf of or at the direction of HUD/FHA or the VA.

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