I’m a real estate agent – these are the five classic mistakes that shave thousands off the value of your home

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Selling your home should make you a big buck.

The median home value today is about $400,000, and median home values ​​have more than doubled over the past two decades, according to Federal Reserve Data,

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Homeowners can accidentally cost thousands on the sale of their home by making a few small mistakes.

The windfall gains you get from selling your home will pave the way for your next major financial goal, be it a new home or retirement.

When you list your home on the market, there are many things you can do to get the most value for your property.

In addition to general upkeep and maintenance, beautifying your home a little before potential buyers see it can help boost your sale price by thousands.

On the other hand, you can end up costing yourself serious money by making small mistakes when selling your home.

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and thanks homelightWith Real Estate Experts Insight Survey, we know which mistakes can cost home sellers the most.

not repainting the front door

Some realtors recommend giving your entire home a paint job before listing it, but a more cost-effective and still attractive option is to tackle the front door.

According to home improvement contractor Andrew Wilson, a fresh coat of paint on a front door helps make a great first impression with buyers. contractoradvisorly.com Website.

“In fact, all you need to do is buy a can of primer and paint, which can cost $50-$100 in total,” he said.

“While price increases vary, it’s not uncommon for your home’s value to increase by anywhere from $200 to $2,000 or $3,000 because the exterior door is one of the first things people see in a home for the first time.”

When choosing a door color it’s important to remember that dark colors will help cover up any imperfections on your door.

Meanwhile, lighter colors will help the door stand out more.

Not converting a place into an office

If you don’t have a room set up as a home office in your home, it may be worthwhile to convert a space into a work setup to entice potential buyers.

according to homelights fall 2021 survey, 60% of the top real estate agents said that buyers listed a home office as a top priority.

Adding a Home Office Can Increase the Value of Your Home $10,000. more than,

With working from home becoming more popular than ever, it is no surprise that homebuyers value having a workspace in their new home.

You may opt for the costly option of expanding or adding a new room to your home, which may Around $50,000. add in value, but can cost up to $80,000.

Not opting for deep cleaning

While you’re likely to clean your home a bit before selling it, investing in a complete wall-to-wall cleaning offers big benefits.

According to Homelite, the cost of a deep clean including rugs, appliances and floors ranges from $200 to $400.

However, Homelite Realtors says you can get about five times the return on your investment.

This could mean adding an additional $1,000 to the value of your home.

Even if you hire professionals, you will still get more money from the sale than you would normally spend on cleaning.

Not taking care of your lawn

A well landscaped home has a significant price advantage over a home without landscaping.

With that in mind, it’s no surprise that 94% of the National Association of Realtors’ agents recommend Increase your home’s curb appeal before listing.

This increase can range from 5.5% to 12.7%, depending on the type of landscaping and the original value of the home.

Some fairly cheap and easy ways you can improve your lawn are by pruning your overgrown shrubs, mowing the yard, and adding more flowering plants.

“If you can turn a dead lawn into a healthy, green lawn, you’ll immediately add a few thousand dollars to the value of your home,” Melanie Musson, home improvement specialist at Clearsurance.com, told the Sun.

not using smart devices

Ms Musson said that by installing devices such as a smart thermostat, smoke detector and a security camera, you can increase the value of your home by 5% or more.

She said: “It won’t cost more than a thousand dollars to buy all three of these appliances and will make your home more desirable, sell faster, and increase its value.”

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Surya also explained mistakes Homebuyers make up when buying a home.

Additionally, we reveal Home Improvements You’re Not Allowed to Do Yourself – And some may surprise you.



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