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How To Boost The Value Of Your Home

February 21, 2011

I was watching TV the other night and a commercial came on and said that the average person owns 12 cars in their lifetime. I sat there and realized lo and behold, since I was 19 years old I have owned 12 cars. I’m not near the end of my life (50 is the new 30, remember?), but living in NYC there is no need for a car…I’m hoping that is the case. lol Years ago I was interviewing for a CFO job at a silicon valley start-up (this was very early in the start-up industry when the name wasn’t in the dictionary) and the owner wanted to meet me at a nearby restaurant for the interview. At the time I was in my mid-ish 20s (okay late 20s) and had a beat up car. The minute he saw me get out of the car I could see the interview was over. Some people think the kind of car you drive is indicative of who you are, and the work you can do…SAD. Never underestimate the power of a good first impression. A home that looks attractive from the road can sell quickly, making it less likely you’ll have to reduce the asking price. Seriously, talk about a great transition, huh? So here are 14 easy ways to boost the value of your home.

  1. Edge lawns and flowerbeds. A sharp edge gives a well-maintained look. Conversely, grass or weeds that are sprouting from cracks in paths implies neglect.
  2. Add color. Plant flowers to make the front of a house come alive, particularly if the home itself is white or a dark color.
  3. Patch cracks in walkways and sidewalks. Even if the sidewalk is the town’s responsibility.
  4. Trim overgrown trees and shrubs. Remove dead or dying plants.
  5. Polish the doorknob. If the main entryway’s doorknob shows signs of age, it’s worth spending $150 or so to replace it.
  6. Remove potted plants, statues and decorations from the front stoop. They make it look cluttered and smaller.
  7. Use similar drapes in the front windows. Most homeowners select drapes and blinds for the way they look inside the home but different colors and shapes in front windows make a home look unbalanced from the outside.
  8. Replace broken and missing shingles. A few bad shingles give the impression of roof problems.
  9. Remove weathered basketball hoops. Only keep the hoops if they look new and have nets.
  10. Match your mailbox with your home. A cutesy mailbox is appropriate for a cutesy home. A $500,000 home should’nt have a $10.00 mailbox.
  11. Take down a dilapidated backyard fence. Especially if it can be seen from someone standing in the street or driveway.
  12. Remove all decorated elements that could be considered clutter. Garden gnomes, out-of-season Christmas lights should be packed away.
  13. Keep garage doors closed. Even tidy garage interiors don’t look as neat as closed garage doors.
  14. Maintain the “for sale” sign. A post that is leaning or in need of painting implies your home has been on the market for a long time.  This suggests problems.

Isn’t it funny how the first impression is so important, although not always true. Recall the phrase “don’t judge a book by its cover,” not always the case. At GAI (http://www.gunwel.com) we operate in a judge free zone. We have no judgement on what condition your finances are in as we are here to help. Give us a call at 212-979-6830 or stop by for a visit. The outside of our office may be typical NYC stucco, but the inside is warm and inviting as are we. See you soon!

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