Every home seller would like to sell their property at the highest possible price it can fetch in the market. How to Maximize your Home value before selling it or listing for sale.
You would like your home to be worth more than it was when you acquired it. In some instances, very little things matter when it comes to selling your home and maximizing its value in the marketplace.
The things that can be done to enhance your home’s value range from those that would take just a little effort and cost you little to no money, to those that would have you dig a little deeper into your pockets.
We shall explore some of the things you can do to maximize the value of your home. You may not have to apply all of them. Inspect your home and consider improving just those aspects that require an upgrade.
1. Clean Up the Home
Dirt, litter, garbage and odd smells are not pleasant. Making sure your home is clean, both on the outside and the inside will have an immediate impact on the value of your home.
If your home is dirty, it is likely to push away potential buyers. Even if it is a great home, chances are that the buyer will want to pay a lower price for it if they have to buy it.
Make sure the garbage is well put at the designated place. Throw your trash. Vacuum and sweep the floor, removing any stains that may have formed on it. Properly and safely dispose of chemical substances.
Make sure items such as paint cans, excess roofing materials, and window panes are neatly stacked together. Eradicate the foul smell from your toilet. Dust the top of the fireplace mantle and wash your windows.
2. Declutter Your Home
When showing your home to potential buyers, you want them to focus on how awesome the living space is, and not how good your family photos are, or worse still, how messy you can get.
Remove the stack of shoes from the entrance, and any other thing that may distract the potential buyer from the home’s amazing features.
Make sure the amount of furniture in the home is not too much, and make sure they are properly placed. You may also want to check on the size of the furniture; probably neither too huge nor too small.
The main aim of staging your property is to give each room a function so that the potential buyer would be able to imagine themselves living in your home. Many buyers lack imagination; you have to help them in this.
3. Upgrade the Kitchen
The kitchen is one of the most vital spaces in a home. Making it physically and functionally better is one of the best things you can do, and it usually yields the greatest return.
Think about stainless remodels. Replace a stained sink with one made of stainless steel. Replace any outdated and old appliances with new ones, such as the microwave oven.
Change the paint on the walls and update the ones on your kitchen cabinets. These tasks may sound simple but they go a long way into increasing your home’s value.
4. Refresh Your Bathroom
The bathroom is one of the areas in your home that are most susceptible to wear and tear. You want to maintain it in a functional state and have it look appealing to the eye.
Gone are the days when bathrooms were exclusively utilitarian. The modern-day bathroom is used for relaxing, a mimicry of a spar sort of.
Update your countertops using marble or granite.
This is less expensive compared to kitchen countertops which tend to be more extensive. Avoid having overhead lighting and go for wall mounts.
Have even lighting around your mirror and eliminate side shadows.
Make sure the bath area is appealing. Upgrade it by installing a shower with body sprays. Above all, keep it sparkling clean!
5. Consider Curb Appeal
At best, you want your home to be attractive to a potential buyer at first sight. As soon as a potential buyer pulls over to your home, they start making judgments. A broken mailbox could cost you their interest in buying your home.
Make the home look nice from the carb using very simple methods at your disposal. Replace the broken mailbox with a new one. Add or update outdoor lights or shutters for a more inviting exterior space.
Have nice potted flower to trim the walkway, or accentuate the walkway with lanterns.
You can also consider higher cost projects such as new walkways, or an extra deck that would yield potentially higher returns from the sale of your home.
6. Take Good Photos
Photos are often overlooked when it comes to marketing homes for sale, yet they play a very vital role. Poorly taken photos can ruin the image of your home and draw potential buyers away.
If you are working alongside a real estate agent, make sure the agent takes great photos that portray your home at its best when they are conducting the listing process.
Homebuyers are likely to see the photos of your home online before they decide to visit in person.
When taking the photos, make sure the home is clean, properly decluttered, and at its best. Ensure the lighting is perfect, and use a good camera.
Photography has since been made easier by the introduction of smartphones. If you can get a professional camera, that is even much better.
7. Hire a Home Inspector
Conducting a home inspection can turn out to be very valuable when you are considering selling your home. Hire a professional home inspector before putting your home on the market for sale.
This may sound like an expensive move but pause a second and consider this scenario. Say you have found a buyer for your home and are ready for the closing only for the inspector to discover a huge crack on the wall.
How detrimental would that be to the sale? If you would have conducted the inspection earlier, you would have probably been in a position to make the repairs earlier.
If you conduct a home inspection and all turns out well, the buyers will be happy with their decision to buys and will not ask you to make costly repairs when you least expected it.
8. Carry out Regular Maintenance and Repairs
Whether you are planning to sell your home or not just yet, walk around it and inspect it often, making a list of things that need repair.
Some repairs are negligible, but if you were to leave many negligible repairs unattended to, it could give potential buyers the impression that your home has been neglected.
Therefore, carrying out these repairs go a long way into presenting your home at its best when you decide to sell.
9. Increase Your Home’s Square Footage
Homes are usually valued based on the square footage. If you can increase this, you will increase the value of your home. You can consider adding an extension to the home if you have the money.
Besides making an extension, you can also consider finishing the unfinished attic. You could also convert the attached garage into a livable space and construct an extra shed to act as the garage.
You can also visually increase the home’s square footage by doing a few things that will make it look bigger than it is.
For instance, have shutters let in more light into the rooms; a well-lit room feels larger than a dark one. Once again, clear the clutter! The more clutter you have in a room, the more congested and small it looks and feels.
10. Change the Fixtures
Most fixtures are small pieces that may look insignificant in terms of contributing to the value of your home. However, updating them is a very simple method of breathing new life into your home.
Replace old fixtures with new ones to make them more functional. Replace electrical fixtures with new energy-efficient ones. Change old doorknobs and replace them with more modern ones.
Update the light switch cover and the light fixtures. Replace broken cabinet handles.
11. Paint Your Home
A fresh coat of paint can add appeal to your home. It will brighten your living space and make the home appealing to the eye; that spells value. Repainting your home is simple, and cost-effective.
You should repaint your home to neutral colors.
You may love that lime green color and how it perfectly blends with the orange flower vase at the corner, but if the potential buyer wouldn’t stand it for a minute, it might be as well a reason to abhor your home, cautions Sharapan Fabrikant.
Neutrals are not a distraction and they allow potential clients to imagine having their things in your home, and probably manipulate it to suit their tastes and preferences. It is very rare to find someone who hates neutral colors.
12. Have Simple Décor
Get rid of art and décor that would turn off anyone with a different taste for art when showing your property to potential buyers. You aim to allow your potential buyers to picture and imagine themselves living in your home.
If you must have décor, make sure they are simple and of neutral colors. Paintings that give away your political affiliation are definitely out of the equation. Avoid décor that portrays indecency, or give away your religious inclination.
13. Don’t Over-Improve Your Home
Your main aim should be to maximize the value of your home, and not just to make improvements blindly. You need to make only the necessary improvements that will make the value of your property reach an optimum level.
You do not want to spend an exorbitant amount of money on making renovations that will not result in a return on your investment.
Before carrying out the renovations, do some research and find how much the property will be worth after the renovations (After Repair Value). Deduct the purchase price from this value.
The resultant figure should be the maximum amount you should spend on renovations and any other costs you are likely to incur during the sale of your home.
Maximizing the value of your house need not be an expensive and complex venture.
Carry out renovations intentionally and not on impulse. Have a clear plan for this before starting the process of improving your property. List the things you want to repair or to replace.
The list does not have to be organized. Just make sure you capture every vital piece of information.
When you get down to work, do not start fixing up every room concurrently. Keep the work manageable by tackling one room at a time.
Focusing on one room at a time makes the project manageable and the outcome achievable. You are also less likely to do mediocre work when you stay organized.
When you have already decided to offer your home for sale, make sure it is always ready to show. It may be a little convenient, but it is worth it.
That means keeping your every room in your home tidy, with a clear purpose, and clutter-free. Get ready to receive the great offer you have been anticipating.