Are you looking to sell your home? If so, you probably want to increase the property’s value as much as possible before making a sale. While this is no easy task in general, there are plenty of small changes you can implement that significantly impact the value. Whether you repaint the walls or opt for a kitchen renovation, it’s going to add to your potential profits before you sell. We’ll cover a few notable examples of changes you can implement below, so keep on reading.
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Arrange an appraisal
Before you can increase your home’s value, you first need to figure out the current value. While this is something you can estimate on your own theoretically, it’s an incredibly complex process, even for those who know what they’re doing. Because of this, you would be better off seeking professional help. This is where market appraisals come in.
An experienced local real estate agent can give you the most accurate estimate of your home’s value based on multiple factors. They are familiar with local prices and the latest data and market trends that help them calculate the value of a real estate property.
Keep in mind that a real estate agent can help you even after an appraisal. They are skilled marketers that can negotiate sales more quickly than non-specialists.
Repaint the exterior
While you should never judge a book by its cover, people often judge homes by their exteriors. A run-down look will affect the way buyers see your home as well as the price they’re willing to pay for it. A simple paint job can help spruce up the exterior and make it more attractive to prospective buyers. Not to mention, repainting the exterior directly increases the value of your home.
When considering colors for the interior or exterior, neutral hues are your best bet. Anything too flashy will turn off a significant chunk of buyers, affecting the price.
Update the kitchen
Some rooms are more important than others when calculating the value of a home. Kitchens and bathrooms are the most notable ones, and they can be a decisive factor for potential buyers. For this reason, real estate experts tend to suggest that people renovate these rooms to increase the value of their property.
When it comes to kitchens, renovating can increase the value of a home by surprising amounts. This is because kitchens are areas where homeowners and their guests spend a lot of time, used daily. Besides, kitchen renovations can get expensive, as the tiling and cooking elements are far from cheap. Nonetheless, redoing a kitchen has an excellent ROI when it comes to investing in your home’s value.
Use Pest Prevention Methods
While not often mentioned in the context of real estate appraisals, pests are another major factor that you must consider. If a home is known for being infested with certain pests, you can be sure that this fact will affect its price.
Termites are considered especially scary, as an infestation can lead to irreparable damage to a structure’s integrity. Therefore, you must take care of a termite infestation as soon as possible to keep the price of your home from dropping. Using a chemical termite barrier can help get rid of these pests once and for all. Afterward, inspecting the home annually for pests is highly recommended.
Improve curb appeal
Some minor details can have an enormous impact on a buyer’s first impression of your home. This includes things such as the tidiness of your garden, the furniture on your porch, and even the type of door you have.
Working on these elements can help improve the curb appeal of your home drastically. Getting a new door or adding a fresh coat of paint to it is always a good move. Consider tidying up the garden and freshening up the lawn as well. It’s going to make quite the difference for prospective buyers.
There’s no shortage of things you can do to improve the value of your home. When you’re close to selling, some minor changes can have a huge impact on how a buyer feels about your home. Implementing some of the above changes will increase the value of your property and allow you to get an even better deal.
Remember! Sometimes you don’t need to spend a lot of money on your home resale. Just with some smart strategies, you can turn your house into a home that buyers will be fighting over to own. So, before making any decision ask yourself exactly what you should consider changing and improving to increase the resale value of your house.
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