Do Window Treatments Help Increase Home Value?
When it comes to window treatments, “if you have something that looks kind of tacky and cheap, well, it’s funny the little things that can steer buyers away from feeling comfortable in a home,” says real estate agent Jennifer Ferland.
The term never judge a book by its cover does not seem to apply to the real estate industry. That’s just human nature, says Princeton psychologists Janine Willis and Alexander Todorov. The pair performed a series of experiments to determine just how quickly people form first impressions. Their findings: a tenth of a second. So, when it comes to selling a home and selling it fast, “a home should always be presented at its best the first time around,” says Jan Van Horne of Coldwell Banker Burnet Realty.
Interior Design Impacts Home Value & Home Sales
According to Jay Samit, former CEO of SeaChange International, “Design is how you make your first impression.” This is especially true nowadays with so much of the home buying process moving online. In fact, 88 percent of homebuyers report first viewing a home online before ever seeing it in person, according to the National Association of Realtors (NAR), and “only about 10 percent of homebuyers can actually see the potential of a home,” says Marian Jacobsen of Distinctive Styling Staging & Interiors.
Here are several surefire ways to make sure your home looks its best for potential homebuyers.
Home Staging Heroics
“Your home has to look better on the day of the open house than it’s ever looked before,” says Steve Clark, a real estate professional in Los Angeles. Home staging is the process of decorating a house to sell quickly and for top dollar. It helps “highlight your home’s strengths, downplay its weaknesses and appeal to the greatest possible pool of prospective buyers,” says Leah Hennen, HGTV.
- 95 percent of buyer’s agents say home staging affects a homebuyer’s view of a home
- Home staging increases the dollar value of the home by 11-20 percent
- 81 percent of homebuyers find that home staging makes it easier to visualize the property as their future home
- 28 percent are more willing to overlook property faults when a home is staged
According to the NAR 2015 Profile of Home Staging Report
“When a home is move-in ready and buyers know they can be cooking in the kitchen from day one and entertaining in the backyard that very weekend, you know you’ve got a winner,” says Lorella Martin, Redfin.
Paint Color Upgrades
One of the most economical ways to add value and appeal to a home is by addressing wall color.
“If you’re getting ready to sell, don’t blow thousands having every square inch repainted,” says Daniel DiClerico, Consumer Reports Magazine. “Instead, focus on high-traffic areas, including the kitchen and bathrooms.” And invest in neutral colors, such as whites and off-whites. These colors have mass appeal across generations of buyers.
These simple upgrades can result in a one to two percent increase in home value.
Kitchen is King
“Buyers of all kinds have long focused on the kitchen,” says DiClerico, “but it holds particular sway over the newest wave of first-time homeowners.”
Don’t let this intimidate you, either. A small investment can work wonders and really help modernize an outdated kitchen. “For as little as $5,000, you should be able to add a new suite of appliances, as well as a new countertop and flooring, resulting in a fresh, coordinated look,” says DiClerico. “Applying a fresh coat of paint to the walls or cabinets, and updating the hardware, can also breath new life into the space.”
These upgrades can result in a three to seven percent increase in home value.
Let Your Floor Plan Breathe
“An open floor plan with flexible living space was second only to an updated kitchen on millennials’ list of most desired features,” says DiClerico. To meet these needs, sellers can consider adding living space to their home – finishing their basement, converting the attic into usable space, or knocking down a few walls to really open up a floor plan. These projects add “value and increase the usable or ‘finished’ square footage of the house,” says Lee Anne Culpepper, Networx.
These upgrades can result in a four to six percent increase in home value.
Window Treatments Work Wonders
When it comes to window treatments, “if you have something that looks kind of tacky and cheap, well, it’s funny the little things that can steer buyers away from feeling comfortable in a home,” says Jennifer Ferland, a real estate agent with A. C. Lawrence & Company in New York. So, it’s time to ditch those old aluminum blinds you bought at the Big Box store down the street in favor of some custom window treatments that “give character to any house,” write William Bronchick and Ray Cooper, authors of How to Sell a House Fast in a Slow Real Estate Market: A 30-Day Plan for for Motivated Sellers.
The right window treatments can also increase home value, says Culpepper. Take shutters, for example. These window treatments, “are custom made to fit each window and are actually considered ‘window furniture.’” “They fit in with just about any décor and offer a clean, cohesive look throughout the home,” adds interior designer Celeste Stewart.
Custom window treatments can result in a one to two percent increase in home value.