6 SURE WAYS TO ADD

COLOSSAL VALUE TO YOUR

HOME

Add money to your

bank with these

great tips….

A publication of

GUIDE TO INCREASE HOME VALUE

CONTENTS

INTRODUCTORY/3

FOLLOWING THE 5 D’S OF REMODELING /4

ENTRANCE SYSTEMS /6

LANDSCAPE /8

MOLDING /10

ADD SPACE /12

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ADD A DECK /14

LIGHTING /16

INTRODUCTION

“ It can’t be just any home. It has tobe aremarkablehome ”

For most of us, homes are not only where we live but are also our biggest single

investment. As a living space, a home’s design and condition impact our lives

day in and day out. As an investment, we seek to preserve and enhance value

in the marketplace. When considering remodeling and improvement projects,

we must consider both roles. Architectural details have been popular for years,

and statistics show they are becoming even more popular in the 21st Century.

Although value is difficult to compute, a recent nationwide building society

survey found that buyers pay a premium of up to 30% for properties with more

“character” – defined in the survey as architectural details, ornamentation and

molding/millwork How much of this premium your clients can earn depends on

how much character you build or design into the home

Source: Jervis, Russell. Survey entitled “What details earn premiums in home design and construction?” conducted by Spicerhaart, National

Building Society, 2006

7 FOLLOWING THE 5 D’S OF REMODELING

While every market is different, an understanding of the 5 D’s of remodeling should

help you get the most for your client:

1. Distance

2. Deficiency

3. Distinctiveness

4. Demand

5. Degree

These items pertain to both residential and commercial remodeling.

Source: Hollies, David. Remodeling Increases Home Value. Home Connections, Inc. & NBC WVIR – TV, 2007

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#1 Distance/ curb appeal - This has to do with how well the property looks from the street before a person gets out of the car If someone doesn’t have interest at first glance, your customer will never get them inside Ornamentation on the front of the home is EXTREMELY important to draw people in – things like door trim, columns and other millwork

#2 Deficiency – This has to do with whether or not your client’s home is flawed compared to other homes next to it. If all the other homes on the block have a beautiful front porch with columns, your home may look bleak without them.

#3 Distinctiveness – It is the one thing most people talk about In fact, it’s what owners and their realtors talk about when they describe the house to others. When people buy, they tend to do so on EMOTION – how does the home make them feel? Emotion is usually developed based on special and distinctive features - things such as a grand foyer, coffered ceilings, elegant crown molding and so on

#4 Demand.- While special features are important, they are of no help and can even lower the value if these features are not in wide demand. Anything zany or out of character should be avoided. Items such as time-honored ornamentation, millwork, columns, balustrades, moldings all present a timeless quality that people love and that make homes look and feel more expensive

#5 Degree – Remember, things need to be done by degrees. No matter what you do, don’t overdo it. After you add a number of special features, each additional one will have a relatively smaller impact on resale value and your client won’t appreciate your extra work

NUMBER 1

ADDING AN ENTRANCE SYSTEM

ADDING AN ENTRANCE SYSTEM

A home begins at the front Porch.

You have so many different elements to the front door area of your

home. It is the first part of a house that people see. Adding an entrance

system or a few porch columns can make a dramatic difference on a

potential buyers first impression. Make your front porch bold to stand

out. An emotional connection to a home can bring big bucks.

If the entrance system to

your home is lacking

character, then add a few

pilasters and some bold

paint. Your front door is

what invites people into

your home, make it

welcoming!

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CHAPTER 2

ADD SOME LANDSCAPE

ADD SOME LANDSCAPE

Tangled trees and unkempt bushes can obscure views, darken interiors, promote mold,

and block a good look at the house.

"People forget about their trees more than almost anything," says Roger Voisinet, a

thirty-year veteran of the Charlottesville, Virginia real estate market. Yet, landscaping is

one of the top three investments that bring the biggest return. According to a 2007

survey of 2,000 brokers conducted by HomeGain, an online real estate marketing site,

an investment of around $400 or $500 dollars in landscaping, can bring a return of

four times that. "It could really make a significant difference in the price. Nobody likes

to spend money, but landscaping might even be the most important thing, even if

owners have kept up the house," says Voisinet.

Reba Haas agrees, "Overgrown landscaping is a problem at all price points." Haas says

it hurts with marketing too. "People say, 'Where's the house?" If buyers can't see what

they are getting, they just move right on."

SOURCE: Jeanne Baron This Old House online

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CHAPTER 3

ADD MOLDING

ADD MOLDING

PUT UP A LITTLE MOLDING

MOLDING OF ANY KIND CAN BE A HUGE ASSET TO A HOMES VALUE. IN FACT,

MOST PEOPLE LOOK FOR MOLDING ALREADY IN THE HOME WHEN THEY BUY.

WITHOUT MOLDING, IT CAN REALLY DECREASE THE VALUE OF YOUR HOME. USE

MOLDING AROUND BATHROOM MIRRORS FOR A VERY SIMPLE UPDATE. OR, USE

IT AROUND CEILINGS, WINDOWS, AND DOORS. YOU CAN ALSO USE CHAIR RAIL

MOLDINGS AND BASEBOARDS. IT GIVES A HOME A FINISHED LOOK THAT MOST

BUYERS WANT.

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CHAPTER 4

MAKE SOME SPACE

MAKE SOME SPACE

ADD SPACE TO YOUR HOME

1 Break down a wall. Removing a wall or making a window from your kitchen

to your dining/living space can add dramatic value to your home. Most

people want an open space. Having to many walls can make a home feel

dark and closed in.

2 Add a few windows. Adding windows allows light to shine in. The more

natural light the better and it gives the allusion of a very spacious room.

3 Get rid of the clutter! Removing large bulk pieces of furniture and

removing all of the useless items in your home can let a homebuyer

imagine their own ideas. This allows them to be creative and not feel so

overwhelmed with your belongings everywhere.

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WITHOUT ADDING ANY SQ FT

CHAPTER 5

ADD A DECK

ADD A DECK

ADDING A DECK TO YOUR HOME WILL ENAHNCE THE CURB APPEAL. ALSO, IF YOU

ARE THE ONLY ONE IN YOUR NEIGHBORHOOD THAT DOESN’T HAVE A DECK IT

COULD DECREASE YOUR HOMES VALUE. WHEN ADDING A DECK REMEMBER TO

KEEP IT SAFE. WHEN YOU DECIDE TO SELL YOUR HOME MANY INTERESTED BUYERS

MAY HAVE CHILDREN. USING WORTHINGTON MILLWORK BALUSTER SYSTEMS IS A

SURE WAY TO KEEP YOUR DECKS SAFE FOR SMALL CHILDREN WHEN FOLLOWING

THE 4” BALL RULE. MOST CITIES HAVE CODES THAT NEED TO BE FOLLOWED FOR

BALUSTER SYSTEMS SO MAKE SURE YOU ARE AWARE OF THOSE BEFORE

INSTALLATION.

CHAPTER 6

LIGHTING

LIGHTING

Keep your home

Keeping your home bright can give the presence of a happy home. Homes without any brightness gives a dark a dreary ambiance and can turn people away, therefore reducing the value of your home.

Ideas for to keep your home bright:

Add windows

Add skylights

Add French doors

Change your light-bulbs

Change dark drapes for light drapes

Add track lighting to brighten up dark spaces

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CONCLUSION & ADDITIONAL RESOURCES

CONCLUSION & ADDITIONAL RESOURCES

START ADDING VALUE

TO YOUR HOME NOW.View our blog and other resources to help you get the most bang for your buck!

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