Looking to Maximize Your Home’s Sale Price? Here’s How
Five Expert Ways to Ensure You Get a Great Selling Price
Selling your home can be a stressful and emotional experience, no matter how good the market is, or how prepared you may think you are. Not only are you saying goodbye to a space that has given you shelter and memories, but you are also moving on to a new phase of life in a potentially very new area.
Selling your home can feel scary and risky, because you want to make sure you get the best deal. This way, you can begin your new adventure with the feeling that you got the most out of your previous house. The following guide offers five great ways to maximize the selling price of your current home, so that you can net the biggest profit and afford to buy more in your next property.
1) Give Your Home a Fresh Paint Job Before Selling
When a potential buyer steps into your home, they are nearly always thinking of your space as a blank canvas. Because of this, brightly colored walls tend to minimize the inspiration that buyers are looking for when they view homes. Neutral colored walls, however, are more likely to charm homebuyers.
Consumer Reports has some great suggestions for colors that will boost your selling price; for example, they suggest that homes with yellow kitchens and purple dining rooms sell for higher prices in general.
2) Tidy Up Inside and Outside Before Putting Your Home Up for Sale
During an open house, prospective buyers don’t want to see your hodge-podge mug collection or your children’s school supplies strewn about on the table. When showing your home, keep small items and all clutter out of sight. This allows potential buyers to imagine their own belongings filling up the space.
Conversely, the yard and all surrounding property should also be “tidy.” The lawn should be mowed and watered, all outdoor equipment should be snugly put away in the garage, and hedges and bushes should be trimmed and groomed.
3) Get the Most From Your Home’s Lighting During Staging
Dark and dingy spaces are not attractive to potential buyers. If you have some extra cash to spend on boosting your home’s potential, consider installing recessed lighting. If you have a smaller budget, you can still find affordable light fixtures at IKEA or other economy furniture stores.
When it comes to lighting, keep in mind the rule of three: you should have three sources of light in every room to open up the space – without being too obvious. Don’t forget about outdoor spaces when you are brightening up your home; Kiplinger writes that 90% of homebuyers look for exterior lighting in potential homes.
4) Sustainability and Home Selling
In this age of environmental awareness, people want to know that a potential house isn’t disproportionately impacting the environment. Newer appliances are generally more eco-friendly than appliances built 10 to 15 years ago. Updating appliances like dishwashers and ovens can make a house look more attractive to potential buyers, while also automatically making your home greener.
Eco friendly light bulbs and low-flow shower heads are small-ticket items your Realtor can emphasize during a home tour. If you are working with a larger budget, consider installing solar panels or geothermal heated floors for an added bonus.
5) To Update or Not, and How Big Should You Go?
Small bathroom and kitchen refreshers will always have the ability to increase the selling potential of your home. Updating the wallpaper or lighting can make the whole space look newer, fresher, and more livable.
Updating countertops by painting or skim-coating them is another cost-effective way to add value to kitchens and bathrooms. Lifehacker has some great tips on revitalizing countertops for cheap, if you have more time to dedicate to the effort.
To Get the Most Money When Selling Your Home, Don’t Take Short Cuts
You may think that because you are moving out soon, taking small steps to revitalize your home is unimportant. But most homebuyers are looking for a house that has been taken care of, and one that looks like a sustainable investment.
Many of the improvements on this list are small and cheap, but could be the selling point that sparks a bidding war for your home. Good luck with the process, from Homes.com!
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