A Simple Fix Can Increase the Value of Your Home

Expectations of further interest rate cuts are believed to lead to more housing transactions going forward. The summer holiday can be a good opportunity to fix things in the home that increase the value and make it more saleable. It makes an enormous difference, says Johan Nordenfelt at Erik Olsson Real Estate Agency.

» Updated: July 29 2024

» Published: July 28 2024

A Simple Fix Can Increase the Value of Your Home
Photo: Janerik Henriksson/TT

Expectations of more interest rate cuts are believed to lead to more housing deals ahead. The summer holiday can be a good opportunity to fix things in the home that increase its value and make it more saleable.

It makes an enormous difference, says Johan Nordenfelt at Erik Olsson Real Estate Agency.

The Swedish Central Bank has signaled that there may be three more interest rate cuts this year. This is expected to lead to lower mortgage rates and increased activity on the housing market.

But the supply will increase more than the demand, and then it's a matter of making your home attractive, so that it can compete, says Johan Nordenfelt, information manager at Erik Olsson Real Estate Agency.

Susanne Van Hollebeke, who runs the styling company Moodhouse, also says that they have many bookings ahead.

We have full order books now until autumn, so you can see that expectations of the interest rate situation are quite high.

Minor Renovations

Even simple and less expensive renovations can increase the value of the home and make it more saleable.

For example, replacing kitchen countertops, handles, and kitchen fixtures. It's quick and costs almost nothing, says Johan Nordenfelt.

On the other hand, he does not recommend a total renovation of the kitchen and bathroom before selling.

A kitchen or bathroom is very expensive and takes a long time to replace. And it's questionable whether you'll get back the investment when you sell.

When it comes to styling, the lighting in the home is important, says Susanne Van Hollebeke.

There should also be textiles, such as carpets and curtains. But you shouldn't have too many things and furniture out.

The mistake many make is that they go and buy too many small things. Often you have things at home already that you can arrange in a different way, she says.

Engaged Real Estate Agent

But of course, it's also important to find a good and engaged real estate agent who knows the area where you live, points out Johan Nordenfelt.

So how do you know if the agent is good?

Ask the agent to explain their sales process. What target group is likely to buy the home and how the agent will reach that group. You have to ask questions.

Karin Rader/TT

Facts: Affordable Renovations that Increase the Value of the Home

TTTT

Sand and lacquer or polish worn wooden floors.

Paint worn and dark walls with light colors, then the home will feel lighter and more spacious.

Replace kitchen countertops, handles, and kitchen fixtures. Replace old tiles between the sink and wall cabinets.

If the hallway is dark, paint it a lighter color and put up a mirror to make it feel more spacious – the hallway is important because it gives visitors their first impression of the home.

Source: Erik Olsson Real Estate Agency

Tags

TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Colombia Set to Acquire Swedish
1 MIN READ

Colombia Set to Acquire Swedish Jas Gripen Fighter Jets

Genre image
1 MIN READ

Asian Markets Tumble After US Tariff Announcement

World Leaders Urge US to
2 MIN READ

World Leaders Urge US to Rethink Tariffs to Avoid Trade Conflict

Trump's Tariffs Higher Than Expected,
2 MIN READ

Trump's Tariffs Higher Than Expected, Experts Warn of Lingering Uncertainty

Sweden Ready to Tackle Trump's
2 MIN READ

Sweden Ready to Tackle Trump's EU Tariffs, Says PM Kristersson

Trump's Tariffs Spark Global Economic
2 MIN READ

Trump's Tariffs Spark Global Economic Uncertainty, Experts Warn

Trump Announces 20 Percent Tariffs
3 MIN READ

Trump Announces 20 Percent Tariffs on EU Goods

APM Terminals Acquires Key Railway
1 MIN READ

APM Terminals Acquires Key Railway by Panama Canal

Volvo CEO Calls Trump's Tariffs
2 MIN READ

Volvo CEO Calls Trump's Tariffs a Messy Challenge for Swedish Industry

Amazon and AppLovin Eye TikTok's
2 MIN READ

Amazon and AppLovin Eye TikTok's US Operations for Acquisition

Wall Street Gains as Investors
2 MIN READ

Wall Street Gains as Investors Await Trump's Tariff Announcement

Tesla Sales Plummet in Q1,
1 MIN READ

Tesla Sales Plummet in Q1, Miss Analyst Expectations by Wide Margin

US Private Sector Adds 155,000
1 MIN READ

US Private Sector Adds 155,000 Jobs in March, Surpassing Expectations

China Limits US Investments as
1 MIN READ

China Limits US Investments as Trade Tensions Rise

Ben & Jerry's Co-Founder Seeks
2 MIN READ

Ben & Jerry's Co-Founder Seeks to Reclaim Brand from Unilever

Nintendo Switch 2 Launches June
1 MIN READ

Nintendo Switch 2 Launches June 5 with New Games and Features

Northvolt Labs in Västerås to
1 MIN READ

Northvolt Labs in Västerås to Lay Off 550 Employees

FI Warns of Rising Fees
2 MIN READ

FI Warns of Rising Fees for Housing Associations as Costs Climb

Volvo Cars Sees 10 Percent
1 MIN READ

Volvo Cars Sees 10 Percent Drop in March Sales, Electric Models Hit Hard

Stockholm Stocks Slide as Tariff
2 MIN READ

Stockholm Stocks Slide as Tariff Concerns Hit Major Companies

Genre image
1 MIN READ

Systemair CEO Roland Kasper Steps Down After a Decade

Dustin Announces Billion-Kronor Boost as
1 MIN READ

Dustin Announces Billion-Kronor Boost as Shares Drop 7 Percent

Folksam Divests Tesla Shares Over
2 MIN READ

Folksam Divests Tesla Shares Over Swedish Labor Dispute

Trump Set to Announce New
2 MIN READ

Trump Set to Announce New Tariffs as Global Markets Brace

Stockholm Stock Exchange Faces Decline
1 MIN READ

Stockholm Stock Exchange Faces Decline as Futures Point Downward

Trump's Tariffs Predicted to Slow
1 MIN READ

Trump's Tariffs Predicted to Slow Global Economy Growth

Construction Sector Sees Modest Growth
1 MIN READ

Construction Sector Sees Modest Growth with Housing and Government Boost

Asian Markets Show Mixed Reactions
1 MIN READ

Asian Markets Show Mixed Reactions Ahead of Trump's Tariff News

Sweden's Housing Market Faces Uncertainty
2 MIN READ

Sweden's Housing Market Faces Uncertainty as Interest Rate Fears Loom

Motorhome Registrations Surge 59 Percent
1 MIN READ

Motorhome Registrations Surge 59 Percent in 2025

Wall Street Closes Mostly Up
1 MIN READ

Wall Street Closes Mostly Up After Volatile Day

Swedish Paper Industry Secures Two-Year
1 MIN READ

Swedish Paper Industry Secures Two-Year Wage Agreement

Trump's New Tariffs on Imports
1 MIN READ

Trump's New Tariffs on Imports Set to Take Effect Today

Sweden to Acquire C-390 Transport
1 MIN READ

Sweden to Acquire C-390 Transport Aircraft in Joint Deal with EU Partners

Finland Shuts Down Last Coal
1 MIN READ

Finland Shuts Down Last Coal Plant, Slashing Emissions by 50 Percent

Volvo and Major Automakers Fined
1 MIN READ

Volvo and Major Automakers Fined 458 Million Euros for Cartel Involvement

Ericsson Drops Diversity Language from
2 MIN READ

Ericsson Drops Diversity Language from Annual Report After US Pressure

Saab and H&M Lead Gains
2 MIN READ

Saab and H&M Lead Gains as Stockholm Stocks Rebound

Gunvor Faces 42 Percent Profit
1 MIN READ

Gunvor Faces 42 Percent Profit Drop in 2024 Despite Revenue Boost

Hooters Files for Bankruptcy, Plans
1 MIN READ

Hooters Files for Bankruptcy, Plans to Sell Company-Owned Locations