How to get the most from selling your house
No doubt about it, your home is a huge investment. And when it’s time to sell, you want to make sure that you get the most return on your investment.
Here are my top six picks for ways to ensure you make the most of your home’s worth.
#6 Make a good first impression – inside and out
You can’t judge a book by its cover, but when it comes to buying a home, people often do make judgements based on first impressions. So make that impression a good one! Increase curb appeal by tidying the front yard. Pull out shaggy shrubs and add some new life and colour. Get that grass looking lush and keep it trimmed. Fix up the porch and entry way; I’d even consider new stain or paint.
Inside the home, clean and de-clutter. Look into staging tips or bring someone in. Simple things like removing oversized furniture to make rooms look larger, and cleaning and organizing shelves and closets can make a big difference. You may even want to check out model homes or other open houses to get ideas about how to make your home look fresh, bright and spacious.
#5 Refurbish the basement or unfinished areas
This is an excellent way to add usable square footage, which quickly translates to more value. If you have been putting off plans to finish the drywall here, do it. Lay down some basic flooring and you’re good to go. It’s also a terrific incentive to rid yourself of extra clutter that doesn’t need to be there. If necessary, rent a storage space for a month or two, then you’ll be ahead of the game when it comes time to start packing!
#4 Keep rooms flexible
Sure, you may love your “sewing nook” or “model train station,” but the fact is a room is a room, and potential buyers want to see it as a clean slate. Customization can come at a price if you plan to eventually sell your home, so don’t go crazy. Good flooring, wiring for cable, phone and internet are appropriate, special built shelving and lighting may not see the return on investment. A space that has some specialization but can be easily adapted into a spare bedroom, office or den will be more valuable.
#3 Make necessary repairs
If there are structural issues, leaks or other things that you’ve been putting off tending to, do it now. After all, doesn’t it sound more appealing to buy a home with a new roof and water tank than invest in a “handyman’s special”?
#2 Focus on the kitchen and bath
If you have no major issues to deal with and think you want to put some money into your home to update or beautify, focus on the kitchen and bathroom. That’s where you’ll see the best return on investment. But talk to your realtor first to see if it will be worth it. Maybe a new coat of paint is a better idea than a new backsplash. And on that note . . .
#1 Listen to your Realtor
I’ll say it again. LISTEN to your Realtor! Real estate agents are professionals, know the market and know homes.
It’s especially important to trust your Realtor about pricing. Overpricing a home or accepting an offer from an unqualified buyer may cause your house to become stigmatized. Buyers become wary of homes that have been on the market too long or get put back on the market after a short period of time. So, to sum up, listen to your Realtor.
When you are ready to sell, we can help you get what you want and deserve. Put our experience and knowledge to work for you.