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

SELLING your home should net you a huge payday.

The median home price today is around $ 400,000, and average home values ​​have more than doubled in the last two decades, according to Federal Reserve data.

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

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

The windfall you get from selling your home should pave the way for your next major financial goal, whether its a new home or retirement.

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

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

On the other hand, you could be costing yourself serious money by making small mistakes when selling your home.

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And thanks to HomeLight’s real estate expert insight survey, we know which mistakes can be the costliest to home sellers.

Not repainting the front door

Some realtors recommend giving your whole home a paint job before listing it, but a more cost-effective and still eye-catching alternative is to simply tackle the front door.

The fresh coat of paint on the front door helps make a great first impression with buyers, according to Andrew Wilson, home improvement contractor with the Contractoradvisorly.com website.

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

“While the value increase varies, it’s not uncommon for it to increase your home value by anywhere from $ 200 to $ 2,000 or $ 3,000 since an exterior door is one of the things that people first notice in a home.”

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

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

Not converting a space into an office

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

According to HomeLight’s Fall 2021 survey, 60% of top real estate agents said buyers listed a home office as a top priority.

Adding a home office can boost your home’s value by more than $ 10,000.

With working from home more popular than ever, it’s no wonder that homebuyers value having a workspace in their new house.

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

Not opting for a deep clean

While you’re likely to tidy up your home a bit before selling it, investing in a full wall-to-wall cleanse reaps major benefits.

According to HomeLight, the cost of a deep clean including rugs, appliances, and floors costs $ 200 to $ 400.

However, HomeLight realtors say that you can get nearly five times the return on your investment from an intensive clean.

That could mean adding upwards of an extra $ 1,000 to your home’s value.

Even if you hire professionals, you’ll still net more money from the sale than you’ll typically spend on the cleaning.

Not tending to your lawn

A well-landscaped home has a significant price advantage over a home with no landscaping.

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

This boost can be from 5.5% to 12.7% depending on the type of landscaping and the home’s original value.

Some fairly inexpensive and easy ways you can improve your lawn are to get your overgrown shrubs trimmed, yard sodded, and add more flowering plants.

Melanie Musson, a home improvement expert with Clearsurance.com, told the Sun, “If you can turn a dead lawn into a healthy, green lawn, you’ll instantly add a couple of thousand dollars to your home’s value.”

Not using smart devices

By installing devices such as a smart thermostat, smoke detector, and a security camera, you can boost your home’s value by 5% or more, Ms Musson added.

She said: “Purchasing all three of these devices will not cost more than a thousand dollars and will make your home more desirable, sell faster, and add to its value.”

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The Sun also explained the mistakes homebuyers make when purchasing a home.

Plus, we reveal home improvements you’re not allowed to do yourself – and some may surprise you.