3 Tips to Improve the Selling Price of Your Home
In a competitive buyer-driven market, sellers need to go the extra mile to endear themselves to buyers. In essence, you want the buyer to fall in love at first sight, which means you can't afford to have anything out of place. This may also mean investing a little more around the place in improvements.
Done correctly, improving your space can create a sense of luxury and homeliness, two ingredients that make a client more likely to sign that dotted line. This article discusses some easily implementable ideas to improve your home's curb appeal and hence the client's offer price.
1. Create a living space
If you're looking to sell a house, you currently live in, cleaning and clearing out clutter can help a client see potential in the space. Get rid of pieces of furniture, clothing, toys, tools and other paraphernalia because clutter makes spaces appear smaller than they are.
If your rooms aren't big enough, talk to a contractor about creating an extension to the main house, where you can fit guest quarters. Well-made extensions can improve your final selling price by as much as 10 percent, helping you recoup your initial investment and more. You can also repurpose rooms to suit buyers' needs, like the garage into a work-shed, extra bedroom or game room.
Finally, hire the services of an interior designer to improve the look and feel of your interior. When selling your house, you want a buyer to see the space for what it is and what it can be. Good staging can help communicate the true potential of a living space.
2. Schedule inspection and fix flaws
Before making any improvements, bringing up the house to a reasonable living standard (for your locale) can help a great deal in buyer-driven markets. Even if you have an old home, small improvements like external facelifts or paintjobs and changing fixtures indoors can improve appeal. Be sure to fix any problems the house developed over the years, like plumbing and roof leaks, old staircase bannisters, sagging roofs or missing shingles, stuffy attics among others.
Before and after your work, schedule a building and pest inspection visit at your cost so that you receive a clean bill of health you can show to clients. In addition, such inspections can help you catch flaws you didn't see, which might constitute bad faith if the buyer found them out after buying and moving in. An inspection report also shows a buyer you have nothing to hide.
3. Improve landscaping
The exterior is the first space a buyer sees during a viewing. A neglected yard will have the buyer developing a bias against you even before coming into your house. Renovate driveways, maintain, paint or replace garage doors, plant flowers or a little garden near the pool and create a recreational deck where patio furniture can sit.
In affluent neighbourhoods, you may have to go extra and install things like pergolas or outdoor blinds. If you have a swimming pool, arrange to have it cleaned before viewings start; the last thing you want is your buyers interacting with an unsightly green pool that looks like a health hazard. Talk to a real estate professional for more tips.