Increasing the value of your home is necessary if thinking about eventually selling. Right about now prices are at record highs. Colorado mountain homes for sale is lower than previously. Reason being new buyers from bigger cities, including Denver, are flocking to the outskirts from town. Buyers are searching for bigger homes that have office space and room for families to live comfortably.
Colorado mountain real estate does not always follow the path of metro Denver, this year, they are. The Colorado Association of Realtors reported the 12 months up to October showed the largest price appreciation for Denver homes. That percentage was the highest ever — up 21.3%.
This robust home market is reflected nationally as well. Since coming down in May, sales of existing homes climbed every month through October. This in comparison with the previous year. The National Association of Realtors reported in October that nationwide, home sales were spiking along with record-high prices. This report also determined all-time lows in the supply of homes for sale.
Increasing Value Options
Sometimes key renovations can help increase your homes value. Of course, you are concerned about investing more than you can recoup in return. So, what types of renovations are going to boost value and attract consideration? The first thing you can do is an inspection to determine if there are any hidden problems to impact the value. It’s good to get these problems rectified prior to selling. Small issues such as water leaks, outdated electrical systems, termites, should be repaired early on. This project protects you in case you choose to stay put!
Small Projects Make Big Impressions
There is something to be admired in a freshly painted room. When choosing your colors keep in mind that neutrals appeal to most people. That is considered the power of pigment. If you are on a tight budget get inspired by looking through online forums, design magazines and books for decorating inspiration that will make the rooms pop! Also consider air quality. Older carpets harbor interior contaminants and allergens. Consider replacing them with environmentally friendly floor coverings. There are products that can certainly update an older home and make it more appealing.
A water filtration system will allow you to tap into extra savings. Saves on buying bottles water. Investing in energy efficient appliances is another marketable asset. Doing things, a little at a time with some careful planning goes a long way.
Tech products are all the rage and easy to install. Scour the tech shops to find products that can enhance ease of use. Smart thermostats, smart locks, smart carbon monoxide and smoke detectors. So many options to upgrade with just a small investment.
You Can Make Small Appear Bigger!
A house for sale can never be too clean. So sparkling windows, countertops, kitchen and bathrooms are a necessity. It is really clutter that needs to be addressed. Smaller rooms with less furniture help visually. Adding mirrors, opening window coverings or just removing them create an open, airy atmosphere. The less stuff in a room the better. Wow! The size of the room grows with just small adjustments.
Same goes for bathroom updates, which are always a smart move. Without changing a thing, painting, removing outdated wallpaper and updating lighting can serve to make a world of difference without emptying your wallet.
Fact is that larger homes tend to sell for more money, so adding square feet can add real value! Is there a place you can knock out some walls, provide space? Its more about just making the home look more spacious. Of course, adding office space is really appealing nowadays. Check it out, because you might be able to achieve this with little money and lots of imagination.
Bottom line is that your realtor is knowledgeable and can certainly provide lots of tips and advice. They KNOW what sells and how to accomplish and facilitate a sale. You’re in good hands if selling in the Denver area and choosing an agent with Katchen Company. Their sales team is market savvy, experienced in all phases of real estate. Their brokers are committed to offering the finest service you will find anywhere in the Denver area.