When you are selling your home, it can be frantic. The last thing that you want to be doing is haggling with prospective buyers to get the best price for your house. A better approach is to make your home more appealing than the other homes that are being sold in your neighborhood; therefore, potential buyers will enter a bidding frenzy.
Here are the top ways to increase your home’s selling price:
The first thing a buyer notices when they are considering buying your home is how it looks from their car while they are driving by it. If the home is unappealing, then many buyers will cross it off of their list of potential properties to make offers on. Alternatively, if they think that your home is attractive, then they will become excited and schedule a viewing. Typically, you will get a higher sales price if more buyers view it.
There are several important factors to consider when enhancing curb appeal. First, a small investment in landscaping can yield big returns. It looks really nice when you plant a few flowers, have well-groomed bushes, and keep your grass cut short. Next, you should keep everything well maintained and clean. If the railing on the porch is loose, then buyers will assume that the whole house is poorly taken care of too. Lastly, when preparing your home for sale, you should include some improvements that will look special and get the house noticed. For example, choose a pricey front door and flashy mailbox. Doing this will give the impression that the entire house is quality.
Doing minor work to increase the value of a home is common practice when you want to achieve a higher sales price. Cosmetic improvements, such as painting, adding new carpet, and replacing old light fixtures with newer, fancy ones, can add considerable value to your home; however, they require a very little cost to do. Therefore, these minor improvements should always be first on any improvement check-list.
Many people feel that simply holding onto a home or rental property for years is enough to profit from real estate, but appreciation is only reliable under perfect market conditions. If prices stagnate or go down, then you make no profit. Alternatively, when determining how much of a profit you’ll make on a rental property, Jack Gibson of High Return Real Estate says that you should focus on cash flow, rather than appreciation. This is a more solid investing approach because appreciation alone is a hit or miss strategy.
Staging is a great way to increase the profit of your property sale. Buyers have very little imagination; therefore, they rarely predict how nice home will be once it is furnished. By placing household items in the home that you are selling, it takes all of the guesswork out of the buying process; thus, property buyers will pay you more than they would have. So, you will increase the sale price of your property greatly by making a very small investment.
In conclusion, smart home sellers can use these simple tactics to get more money from their home sale than other sellers who are less informed. Doing these kinds of improvements will give you the most bang for your buck. If done correctly, then the tiny investment that you make to increase your home’s value will easily be returned many times over.