Whether you are looking to liquidate a rental property or upgrade your family home, selling a house can be a complex process – especially when you are forced to navigate today’s intricate housing environment.
However, in a seller’s market, there is more than one affordable strategy you can use to boost your home’s value, sell it quickly, and secure gains from your investment. Let’s start with the options below.
First Things First: Partner With a Specialist
If you are considering putting your real estate property on the open market, the first step is always to partner with a specialist.
Expert local agencies such as Homeandmoney.com can help you understand the unique needs of the market, assess what buyers in your area are looking for, and analyse the competition.
Thanks to this insider knowledge, you can make surefire, laser-targeted investments to enhance the value of your property.
Boost Your Home’s Curb Appeal
First impressions count – especially in the world of real estate marketing. A significant percentage of the value of your home is in the eyes and judgment of potential buyers, and boosting its curb appeal can increase the asking price by 7% on average.
Some affordable ways to add to your home’s curb appeal include investing in flowers and plants, landscaping your garden, cleaning the exterior, replacing the front and garage doors, and adding external lighting.
Don’t forget to ask for someone else’s opinion: after many years of seeing your home every day, you might become blind to minor but costly flaws!
Leverage Your DIY Skills
Minor home renovation projects that add value to your home don’t always require the knowledge of an expert technician. Instead, you might consider putting your DIY skills to the test to boost the aesthetics and functionality of your home on a budget.
Some smaller projects worth investing in include creating furniture for your patio or garden, painting your home’s exterior and front door, cleaning the gutters and roof, and improving the home’s lighting.
Keep the Focus on the Kitchen and Bathroom
When looking for the right renovations to increase the value of your property, you’ll likely get to know the whopping returns that upgrading your kitchen and bathroom might deliver upon selling your home.
However, you might also know that a bathroom or kitchen remodeling project can set you back an average of £5,000-£14,000!
Luckily, you can keep these costs down by giving the house’s main areas a cosmetic facelift. From deep cleaning your bathroom to installing a new countertop on your kitchen island, minor adjustments can truly go a long way!
Clean It and Stage It
When getting your home ready for the selling process, it is important to put yourself in the shoes of the buyers. In most cases, prospective buyers will be looking for a beautiful and cozy blank canvas that will make it easier for them to imagine their family living in it!
Cleaning and decluttering your home will help you win over interested buyers. But, even more importantly, according to a report by the National Association of Realtors, home staging can drive a 1-5% increase in dollar value offered by buyers and can help you close the sale more quickly.
Rethink the Layout
The events of the past years have had a drastic impact on everybody’s lifestyle. And, it is important to understand how customer demand and buyer expectations have been influenced by these changes.
For example, today’s buyers are drawn toward home office spaces, private fitness spaces, larger gardens, and generally more spacious homes. In turn, before releasing your property onto the market, you should consider the benefits of rethinking your home’s layout and maximizing the livable square footage that is available.
Unsure what potential buyers will be looking for? A home selling and buying specialist can help you identify and meet the needs of today’s homebuyers.
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