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36 Clever Hacks To Increase Home Value With Less Than $5000

36 Clever Hacks To Increase Home Value With Less Than $5000

If you are planning to sell your house – it’s a high time to do it this year! 

According to a recent poll by Fortune home values will continue to rise in 2015, but a bit slower than they did it last year. Zillow’s economists predict the prices to rise for about 3% this year, nearly half the current clip. Realtor Mag predictions for 2015 are even more attractive with an expected home price appreciation increase of 4-5%.

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Both Fortune and Realtor Mag agree that millennials will drive household formation in 2015. The Census Bureau announced that the group of now-23-year-old Americans is the largest in the country, followed by 24 and 22-year olds. Most of them are planning start to families and currently consider buying homes of their own. Besides, they are expected to drive 2/3 of household formations over the next 5 years according to the Realtor

Today numerous surveys of homeowner sentiment suggest that more of them will look to sell their homes in 2015, thus putting more downward pressure on prices and timing. For example, at the beginning on 2015 it takes 100 days on average to sell a house in the Newport Beach area, whereas the whole process used to take just 69 days in March 2014. 

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Loads of new house listing flood the market in spring, so make sure you come prepared by implementing a few simple, yet actionable hacks that will drastically increase your home value without spending much! 

Point2 suggests starting with the exterior. Renewing flower beds and adding a touch of new colorful flowers will make your house look more inviting and “home-like” – features that significantly increase the chances of selling your property at no time.

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Seth Williams of REtipster also points out what a major role the visual appeal plays. He suggests investing in some professional photography if you are not good at taking pictures yourself as beautiful images help people see and sense the value you are offering, thus sealing the deal faster. Basically, your property sells itself as most people today start with the internet research.

Coastal Real Estate group recently surveyed 24 experts who shared their top secrets to skyrocket your home value while sticking to the budget. You can see all of their special hacks in this fancy infographic below! 

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    Featured photo credit: Prabhu B Doss via flickr.com

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    Elena Prokopets

    Elena is a passionate blogger who shares about lifestyle tips on Lifehack.

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    Last Updated on January 21, 2020

    How to Develop a Millionaire Mindset in 6 Simple Steps

    How to Develop a Millionaire Mindset in 6 Simple Steps

    We all like to dream about being financially wealthy. For most people though, it remains a dream and nothing more. Why is that?

    It’s because most people don’t set their mind to achieving that goal. They might not be happy in their current situation but they’re comfortable – and comfort is one of the biggest enemies of growth.

    How do you go about developing that millionaire mindset? By following these simple steps:

    1. Focus On What You Want – And Take It!

    So many people are too timid to admit they want something and go for it. When there is something that you want to accomplish don’t think “I could never actually do that”, think “I could do that and I WILL do that”.

    Millionaires play to win, not to avoid defeat.

    This doesn’t mean to have to become a selfish jerk. What it means is becoming more assertive and honest with yourself. You don’t have to grab off other people. There is a big pot of unclaimed gold in the middle of the table — why shouldn’t you be the one to claim it? You deserve it!

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    2. Become Goal-Orientated

    It’s almost impossible to achieve anything if you don’t set firm goals. Only lottery winners become millionaires overnight. By setting yourself attainable goals, you will get there eventually. Don’t try to get rich quickly — get rich slowly.

    Let’s take the idea of making your first million dollars and expand on what kind of goals you might set to get there. Let’s also say you’re starting at a break-even position – you’re making enough to get by with a few luxuries, but nothing more.

    Your goal for the first year can be having $10,000 in the bank within a year. It won’t be easy but it is doable. Next, you need to figure out the steps you need to take to achieve that goal.

    Always look at ways to make growth before cutbacks. With that in mind, you might want to see if you can negotiate a pay rise with your boss, or if there’s another job out there that will pay better. You might be comfortable in your old job but remember, comfort stunts growth.

    You may also have other skills outside of your workplace that you can monetize to boost your bank balance. Maybe you can design websites for people, at a fee of course, or make alterations to clothes.

    If this is still not enough to make the money you need to save $10,000 in a year, then it’s time to look at cutbacks. Do you have a bunch of old junk that someone else might love? Sell it! Do you really need to spend $10 on your lunch everyday when you could make your own for a fraction of the cost?

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    If you are to become a millionaire, you need to start accumulating money.

    Here’re some tips to help you: How to Become Goal Oriented and Achieve More in Life

    3. Don’t Spend Your Money – Invest It

    The reason you need to accumulate money is for step three. Millionaires tend to be frugal people, and that’s because they know the true value of money is in investing. Being your own boss goes hand-in-hand with becoming a millionaire. You’ll want to quit your regular job at some point.

    Stop working for your money and make your money work for you.

    Rather than buying yourself a new iPad, that $500 could be used to invest in the stock market. Find the right shares (more on that later), and that money could easily double within a year.

    There’s not just the stock market — there’s also property, and your own education.

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    4. Never Stop Learning

    The best thing you can invest in is yourself.

    Once most people leave the education system, they think their learning days are over. Well theirs might be, but yours shouldn’t be. Successful people continually learn and adapt.

    Billionaire Warren Buffet estimates that he read at least 100 books on investing before he turned twenty. Most people never read another book after they’ve left school. Who would you rather be?

    Learn everything you can about how economics works, how the stocks markets work, how they trend.

    Learn new skills. If you have an interest in it, learn everything you can about it. You’d be surprised at how often, seemingly useless skills, can become extremely useful in the right situation.

    Start developing the habit of learning continuously: How to Create a Habit of Continuous Learning for a Better You

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    5. Think Big

    While I advise to start off with small goals, you absolutely should have a big goal in mind. If you have a business idea, then that is your ultimate goal – to start that business and make a success of it. If you want to invest your way to millions of dollars and do little work other than research, then that is your big goal.

    There is no shame in not achieving a big goal. If you run a business and aim to make $1 million profit in a year and “only” make $200,000, then you’re still significantly ahead of most people.

    Aim for the stars, if you fail you’ll still be over the moon.

    6. Enjoy the Attention

    To be successful, you have to be willing to promote yourself and enjoy the attention to a certain extent. Now the attention doesn’t need to be on yourself, it could be on your brand, but attention definitely attracts money.

    Never be embarrassed to get your name out there. That means finding a spotlight and being brave enough to step right up underneath it.

    If you run a business, try contacting the local papers. You’d be surprised at how amenable they often are to running a story about you and your business, and it’s all free publicity.

    Above all, remember: You control your own destiny. Push hard enough for anything and you’ll get it.

    More About Thinking Smart

    Featured photo credit: Austin Distel via unsplash.com

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