Are you looking to sell your home and relocate within the next few months? Would you like to make sure you get the most cash possible for your property? Then now is the time to create your strategy and work towards your goal.
If you’re unsure about which changes you should make to increase the value of your home, there are some ideas below that should help to point you in the right direction. Use this information to create your plan and ensure you leave no stone unturned.
Of course, you should always speak to multiple real estate agents and get their advice before you select an asking price and list your property for sale.
6 WAYS TO INCREASE THE VALUE OF YOUR HOME
1. Replace the windows
If the home you own at the moment has had the same windows for more than ten years, you might like to replace them before you put the house on the market. Not only will that help to increase the value, but it will also make the property more attractive to buyers. That means there is a better chance that you will get a reasonable offer without having to wait for six months or longer.
There are lots of professionals out there who deal with replacement windows. So you need to search online for a reputable specialist in your local town or city. Take the time to read some reviews. This way you can sort the wheat from the chaff and ensure you employ the best people for the job.
2. Fit a new kitchen
The kitchen is one of the most used rooms in the home. So buyers want to make sure they don’t have to work too hard to improve the area after moving into a house. You can make life easy for them by ripping out your old kitchen and replacing it with a new one before you show potential buyers around the property.
If you don’t have a lot of money to spend, it is possible to get some fantastic deals online when you check auction websites. Lots of kitchen companies go bust every year. And they use those domains to sell their liquidated stock in most instances. That means you could get a brand new kitchen for half the price you expect to spend.
3. Improve the garden
The front garden is the first thing most buyers will see when they approach your home ready for viewing. As people form their first impressions within a matter of seconds, it is wise to ensure you improve the area as much as possible.
Cut the grass short. Plant some colourful flowers, and lay a path if you don’t have one already. You could even pick up a water feature or something similar from your local garden center.
If the backyard needs a lot of work, it makes sense to create a plan for that too. Maybe you could add some decking or something like that? At the very least, you need to make sure the area is clean and tidy.
4. Replace the bathroom
If your bathroom suite has seen better days, most buyers will reduce their offers to account for the money they will have to spend to renovate the area. If you don’t want that to happen, you need to make sure it looks fantastic already.
Again, you can use online auction websites to find the best deals and ensure you don’t overspend. However, you will have to call professionals when it comes to fitting the new suite because that involves messing around with both plumbing and electrics.
A new bathroom suite might cost you approximately $3,000 online if you get a decent deal. However, it could add about $5,000 to the perceived value of the property according to expert real estate agents. Bear that in mind.
5. Convert the garage
If you have enough time, and you want to add another room to the house before you sell, converting the garage is an excellent idea. You could turn the space into a home office, games room, or a guest bedroom. That is almost guaranteed to add value because you’re increasing the usable living space.
Garage conversions can cost anything from $3,000 to $15,000 depending on what you want to achieve. However, if you take the DIY approach, it is possible to slash those costs in half. The materials you require are not expensive. And most of the value lies in labor. Whatever you think, increasing the size of a house is always going to make it more valuable and encourage better offers.
6. Give the walls a lick of paint
Nobody wants to move into a house that needs to be redecorated from top to bottom. While you don’t’ have to spend a fortune on designer wallpapers or anything like that, giving the walls a fresh lick of paint is going to work in your favor.
The people who come to view the house will get that “just painted” smell. And that should increase the chances of them making you an offer. They won’t have any issue imagining their family living on the property if you remove all your photos and make sure the walls look clean and newly painted.
Of course, you can employ professionals to manage that job. But it defeats the purpose. Your goal is to make the smallest investment possible while boosting the value of your home as far as it can go.
Now you know how to increase the value of your home before you put it on the market. It is time to put one foot in front of the other and create your strategy. Take a few hours to write down your ideas. And then conduct some research to work out the potential costs involved.
If you think you can make improvements that will encourage potential buyers to make a reasonable offer, you should do it. You can use the ideas from this page, tailor them, or come up with new concepts. All the final decisions are down to you.