Your first home won’t be your last. There will come a time when you realise the necessity of upgrading to a larger home as your family grows and your lifestyle gets better.
Selling your home would make sense at this point. While you’re excited about moving into a cosier and more sophisticated living space, you should also think about getting the most money from putting your old home on the market.
If you’ve decided to move on to greener pastures, make sure you will end up with the best possible price for your current home.
You will need the extra money to finance your new lifestyle and open yourself up to more options in today’s real estate market. In case you’re not going to put your home up for sale this year but still have plans to give it up, make sure to follow these value-adding tips that are guaranteed to increase the final sale price:
1. Improve your property’s curb appeal
How your home looks from the curb is a major buyer draw. A gorgeous exterior not only makes a home attractive but it motivates buyers who put a premium on first impressions. With that being said, consider investing in a few improvements that are guaranteed to boost curb appeal.
A well-maintained lawn is the most basic component, but you shouldn’t overlook other enhancements that are sure to justify a higher sale price than anything else. Opt to have your roofing system replaced and give the exterior walls a fresh coat of paint. You should also decorate the exterior with accent lights and ornate details on the front door and windows.
2. Keep your plumbing in check
A healthy plumbing system is a priority for many homebuyers. Imagine the kind of impression you’d get when an open house yields clogged sinks, broken faucets, and leaks in the basement pipes. Before you can even decide to put your house on the market, deal with your outdated plumbing system first.
Have a professional conduct an inspection inside and outside your home. If you live in Queensland, have a local plumber to help you detect problems with your plumbing and have these patched up. The longer you wait to fix it, the more costly it will be to fix traces of water damage.
3. Freshen up the interior without sacrificing functionality
Motivated buyers won’t mind paying above and beyond the market price for your home so long as it offers high levels of comfort and convenience. With this in mind, aside from areas like the living room and the master bedroom, consider renovating other parts of your house.
For instance, your kitchen could use a centre island along with extra hardwood shelves. In any case, remodelling the interior should always take into account functionality. Even if a room looks elegant, it won’t impact the final sale price if the buyers feel as though the decorations and layout are unnecessary.
4. Get a good price estimate
Apart from investing in home improvement projects, you can earn more from selling your home by getting a real estate agent to run a comparative analysis. From this, you will be able to obtain a workable price range for the same type of property.
Go for a pre-appraisal process so you will have a better idea of what price tag to put on your home. It would take a lot of care to come up with a number that won’t scare away buyers but can still give a good return in the long run.
Endnote
It takes time to find a buyer for your home once it’s on the market. However, as much as you want to move out sooner, it pays to gain a little extra from the sale. Use the tips above and get the best possible deal.
