Home Improvement
Do Trim Improvements Affect Resale Value?
If you’re thinking about selling your property, it’s wise to consider small investments you can make today that will pay off in your final selling price. One of the most cost-effective ways to do this is with trim improvements.
Upgrading a home’s trim is easy and affordable, yet buyers are willing to pay more if it’s already done for them. Why? Because trim makes a home feel like a high end package, and—being the emotional creatures we are—people are likely to spend more for a home that creates a ‘wow’ response by looking complete and well-designed when they walk through the front door. The alternative is to rely on prospective buyers to use their imagination and plan their own upgrades and investments, but you can’t always count on visionaries who are willing to undertake this subtle kind of project.
The trick here is to go with universally pleasing trims, which also happen to be the most affordable designs. In most cases, you want to skip the intricate—and more expensive—patterns which may not appeal to a range of tastes. You also want the trim to fit the style of the home, be it craftsman, modern, Victorian, etc. Everything must work together cohesively. It can help to look at neighboring properties to get an idea of local trends and standards.
You’ll also find trim improvements have an effect on how quickly the property sells. When a buyer looks at two homes that are near in price with one having standard trim and one having been upgraded, they’re more likely to choose the upgraded home. We know time is money, so it’s worth considering how long you can handle your property sitting on the market when a simple upgrade can help it sell faster.
Now let’s look at which trim improvements are most likely to help your property’s resale value.