Are you interested in selling your home for the best possible price? If so, then you need to think about the key ways that you can increase the value. There are lots of options to explore here so let’s dive in and before we tell you how to increase the value, we’ll discuss some of the key factors you need to consider before you take this step.
Consider The Area
First, you need to consider the area where you are selling your home. Don’t fall into the trap of increasing the value of your home more than what people are going to pay to live in your area. If you do this, then you will ultimately be pouring money down the drain and this is the last thing that you want. You need to explore homes around your area and make sure that your home doesn’t become a significant outlier here.
Think About Your Budget
Next, you should think about the budget that you are working with. No one is going to have a completely stretched out budget when they are exploring selling their home. The good news is that there are steps that you can increase the value of your property, regardless of what budget you are working with. For instance, you might want to think about simply improving your garden in key areas. This could include planting more colourful plants and shrubs around your property.
Find The Right Services
You should also make sure that you are investing in the right services. It’s possible that you are planning on relying on professionals to improve your property. There’s nothing inherently wrong with this but you do need to make sure that they are going to be able to deliver the right results. Don’t fall into the trap of having a property which looks like it has seen better days or has been renovating to a low standard of quality. This is always going to be a recipe for disaster..
Set A Time Frame
You can’t spend forever improving your home. Instead, you need to make sure that you are dedicating the right amount of time to this project, whatever that might mean. For instance, you could dedicate three months to improving your property. Don’t forget, you need to make sure that your home is ready for the crucial selling season. We’ll discuss this in more detail a little further down.
Think About The Key Area
It’s also important to think about the key areas that are going to have the greatest level of impact. This could mean anything from focusing on your kitchen to creating a brand new bathroom space that is going to dazzle and delight people interested in your home.
Know What Buyers Want
Once you have considered these key factors, you need to start to think about what your buyers want. There are key elements that all buyers are searching for when viewing different homes on the market.
First, you should think about how to make your home as eco-friendly as possible. There are lots of steps that you can take to do this. For instance, you could explore renewable power alternatives for your property. This might include anything from solar panels to wind power. Wind power will be more suitable if you are thinking about upgrading your business property. However, it’s not always going to be the best option. You’ll need to think about your budget and how much time you want to spend on changes like this to your home.
You could also think about insulation options. By increasing the insulation of a property, you’ll be able to reduce the amount of energy you need to spend keeping it warm or cool throughout the year.
Next, you should make sure that you are thinking about tech options. There are lots of different tech options for your home including a smart hob or a heat induction hob. A heat induction hob is actually another way you can make your home more eco-efficient and friendly because you’ll be saving on the amount of energy you need to heat up your food. This is far from the only piece of tech that you can look into. You can also think about exploring more options such as entertainment tech like a complete theatre system. Even if you are taking this with you when you move, it’s still going to make the property seem far more valuable overall.
Do consider levels of security for your property. This is always going to be a big concern for homeowners and business owners alike. They will want to make sure that any property they decide to invest in is going to be completely secure and provide the full peace of mind that they need. In terms of security option you could think about anything from smart locks on the doors to full CCTV systems and everything in between.
Next, you should think about how to ensure that your home is stylish and beautifully designed. There are plenty of ways that you can do this. For instance, you might want to think about buying new furniture for your home. Again, even if you are planning to take this with you when you move, it’s still going to have the right type of impact. You’ll find that buyers are swayed by little details like this. Effectively, you need to work on creating the dream place to live that they are going to definitely want to buy.
You should also consider how to guarantee that your home is low maintenance. This is a big request for modern buyers on the market. They don’t want to spend hours through the week keeping their home in the right condition. There are a few ways that you can ensure that your home meets this requirement. For instance, you might want to think about investing in astro turf for your garden. The big benefit of astro turf is that it will remain green all year around without needing to spend too much time in the garden. This is also a great choice if you are thinking in terms of curb appeal.
Next, you should consider the actual sale. There are a few steps that you can take which will guarantee that your home does sell for the upgraded price which is always going to be your end goal here.
Decide When To Sell
Once you decide to sell, you need to consider when is the right time to put your property up on the market. This could mean preparing your home in the spring and putting your home up for sale at the beginning of the summer. This will give you the entire full season to try and sell your home which is when most people tend to be shopping around the property marketing and looking for different possibilities whether they are downsizing or upgrading their property. You could also think about whether the local property market is in a healthy enough position to sell.
Perceived Vs Real Increases
It’s important to consider real vs perceived increases. There are changes that you can make which will impact the perceived value of your home and changes that will have a real impact. Let’s explore perceived first. Perceived can be anything from the colour of the walls to the furniture that you put in different rooms. It can make a home look more valuable as well as desirable. In contrast, real increases are often related to changes such as home extensions or a complete kitchen renovation. As mentioned, these are going to add the most value onto your home in the long term.
Next, you might want to think about aspects like photography. Photography is key when selling your home as the pictures people see of your property will be the first impression that they receive. That’s why it might be worth hiring an independent photographer instead of potentially relying on a photographer chosen by your estate agent. This brings us neatly to the next point that you do need to consider when you are ready to start thinking about selling your home.
The Best Real Estate Agent
Finally, you need to make sure that you find the best real estate agent who will be able to help you sell your home or business property. Not all real estate agents are equal so it’s important that you find someone who will be able to deliver the results that you need from day one. This could include choosing the right price to sell your home and then marketing it towards the right set of buyers.
We hope this helps you understand some of the key steps that you should take if you are interested in upgrading your home property value. In doing so, you can create a home that is going to sell for the best price possible on the market. Remember, you can also take these steps if you are selling a business property and you want to increase the size of your investment.