News & Trending Mortgage & Loans News

Realtors Share 5 Tricks for Getting Top Dollar When Selling Your Home

These small updates can help improve the value of your home.

showing a hot property location
Updated Nov. 17, 2024
Fact checked

We receive compensation from the products and services mentioned in this story, but the opinions are the author's own. Compensation may impact where offers appear. We have not included all available products or offers. Learn more about how we make money and our editorial policies.

When listing a home for sale, most people hope to get top dollar for their property. And when you consider that Zillow says the average home value in the U.S. in 2024 is $359,892, “top dollar” can translate into a whole lot of money.

But not every home is in the right condition to earn extra money, which is why we consulted experts for tips on low-cost or DIY projects homeowners can try to boost their home's value.

From making major upgrades to trying simple tricks, there are a few different things you can do that may not only help you make outstanding first impressions with buyers but also get them to reach into their pocketbooks.

Steal this billionaire wealth-building technique

The ultra-rich have also been investing in art from big names like Picasso and Bansky for centuries. And it's for a good reason: Contemporary art prices have outpaced the S&P 500 by 136% over the last 27 years.

A new company called Masterworks is now allowing everyday investors to get in on this type of previously-exclusive investment. You can buy a small slice of $1-$30 million paintings from iconic artists, all without needing any art expertise.

If you have at least $10k to invest and are ready to explore diversifying beyond stocks and bonds,see what Masterworks has on offer. (Hurry, they often sell out!)

Employ curb appeal

David Prahl/Adobe restaurant with flowers

You can’t get a prospective buyer inside the house without first luring them in, and curb appeal is the term for that first impression of your welcoming oasis. 

 If your paint is overdue for a touchup, your lawn needs taking care of, your plants are dying, or any other array of issues, you will want to consider checking these items off the to-do list before putting your home on the market.

“The outside should have buyers saying, ‘Now that’s the one,’” explains Yawar Charlie, Director Estates Division at Aaron Kirman Group, Christie's International Real Estate. 

“Think manicured lawns, a pop of color on the front door, and an entryway that practically says, ‘Welcome to your dream home.’ First impressions aren’t optional — they’re everything.”

According to Zillow, the average homeowner spends around $5,380 in front yard upgrades — in the form of cleaning, staging, landscaping, and more — to increase curb appeal before they list their home. 

Your updates might be easy to DIY, but don’t be afraid to hire out help to get your yard in tip-top shape.

Want to learn how to build wealth like the 1%? Sign up for Worthy to get ideas and advice delivered to your inbox.

Update exterior doors

bmak/Adobe covered porch and front door

In almost every home purchasing scenario, there is a desire for security and a place to call one's own. A relatively inexpensive but decidedly impactful update to increase the value of your home involves purchasing and installing new, secure exterior doors.

Over time, even the sturdiest front doors can lose weatherproofing and morph into shells of what they once were. And even if drafts aren’t an issue, a rundown front door can make a home feel less safe.

The same can be true for all exterior doors, including any garage or barn doors on your home. Be sure to upgrade them — including the hinges and other hardware — to prevent weathering, and keep the locks and deadbolts updated. 

Replacing your front door costs an average of $2,214.

Stage the home

bmak/Adobe traditional style luxury home

“Less is more when you’re trying to sell, so declutter inside,” says Realtor Lisa Sapenaro. This may necessitate moving personal items and photos out of the space before furniture, moving items around for a different flow, and more.

“Every room should tell a story that makes buyers want to step into it themselves,” Charlie insists. “A perfectly set dining room or a cozy living space? That’s what gets them emotionally invested and ready to say ‘yes.’”

“Paint the walls with light or neutral tones that can appeal to a wide array of buyers and help the space feel more open,” says Cory Councill, Agent at Aaron Kirman Group, Christie’s International Real Estate. “You’re offering buyers a blank canvas to paint the vision of their dream home.”

The average cost of staging a home is between $782 and $2,817.

Resolve $10,000 or more of your debt

Credit card debt is suffocating. It constantly weighs on your mind and controls every choice you make. You can end up emotionally and even physically drained from it. And even though you make regular payments, it feels like you can never make any progress because of the interest.

National Debt Relief could help you resolve your credit card debt with an affordable plan that works for you. Just tell them your situation, then find out your debt relief options.1

How to get National Debt Relief to help you resolve your debt: Sign up for a free debt assessment here. (Do not skip this step!) By signing up for a free assessment, National Debt Relief can assist you in settling your debt, but only if you schedule the assessment.

Try it

Prioritize repairs

bonniemarie/Adobe man hammering nail on exterior wall

As you prepare your things to move, you may notice built-ins that are a little off-kilter, pipes that need to be fixed, broken garbage disposals, squeaky door handles, or any other number of small items that more or less belong on a traditional “honey do” list.

As annoying as these repairs might seem, the small fixes are affordable investments in the success of the sale of your home. Every wobbly floorboard will make your prospective buyers wince, so take the time now to secure them.

For example, If your garage door hitches, see if there is an easy way to grease it or have a professional out to fix it.

“Make sure that everything is up to date, up to code and address any minor repairs immediately,” encourages Councill. 

“Things like leaky faucets or broken door handles can be major turn offs for prospective buyers, and they can be a really quick, affordable fix for the seller. It’s critical that everything, big or small, is in absolute prime condition to showcase the home as move-in-ready, and with a long livelihood ahead.”

Make sure the price is right

Andy Dean/Adobe price reduced real estate sign

You can’t sell a home without knowing and understanding its value to potential buyers. “Price it right,” advises Sapenaro. “This means right at or just below market value.”

If you are in the early stages of approaching the sale of your house, consider using an online automated valuation model to get a running estimate. 

If you're well into the process, you have most likely priced other homes in the area in similar condition and mapped out amenities, walkability, and every other perk and factor to living in that particular space.

Knowing the right number is an art. “Strategic pricing isn’t just about numbers; it’s about creating that spark,” explains Charlie. “When a property’s priced right, it feels like a rare find, not yesterday’s news, and that’s how you get the buzz and the offers rolling in.”

Bottom line

Drazen/Adobe happy female real estate agent

There are plenty of smart money moves for homeowners that don’t involve the sale of your property. 

If you’re not quite ready to move you can try other avenues, like determining if your neighborhood has a homeowner’s association to speak with about renting out space, or creating a life/work space from which to profit.

If you are considering moving, Sapenaro suggests starting with a pre-inspection to get the process rolling and help you identify any of those possible DIY fixes that can help give your home’s value a boost.

Lucrative, Flat-Rate Cash Rewards

5.0
info

Wells Fargo Active Cash® Card

Current Offer

$200 cash rewards bonus after spending $500 in purchases in the first 3 months

Annual Fee

$0

Rewards Rate

Earn unlimited 2% cash rewards on purchases

Benefits and Drawbacks
Card Details