Interested to see what your property is worth?
Whether looking to sell or rent out your investment, it is important to understand your estimated market value by comparing it to properties in the area.
Your home is probably your greatest asset, and you deserve to get top-dollar for it when you're ready to sell. While certain renovations can excite potential buyers, they don't always increase what a shopper is willing to pay for a house. It's important to keep this in mind as you prepare your home for the market, so you can make small changes that provide the best return on investment. It's a good idea to consult with a real estate agent to get tips that pertain to your residence and local market, though certain methods are universal.
Home-buyers want to imagine what life will be like in the house, so the less you have there, the better. If need be, rent off-site storage to stash away holiday decor and other things you aren't using. If your kids have a mountain of toys, try to pare it down for the duration of the sale. You may also benefit from hiring professional cleaners to come in and give the place a shine.
If you're handy, this is a do-it-yourself project. However, you can also hire a home inspector to come out and give the house a once-over. At some point during the process, you'll have to have the home formally inspected, but it's a good idea to catch any issues and correct them before this step. This way, you're sure potential buyers aren't going to find any surprises while they examine the home, and they have less wiggle room to request a lower rate later.
A well-lit house with modernized fixtures feels warm and inviting, though your best bet is to utilize natural lighting whenever possible. Sun domes, a more modest approach than skylights, also resonate well with today's Eco-conscious buyer.
Because the exterior of your home is the first thing people see and sets the expectations for what they'll find inside, your front yard and facade should look tidy and well-kept.
Depending on your budget, you may wish to tackle other projects that can help your home command a higher sales price. Consider:
Showings can happen at any moment with little notice. Always having your home ready to show is very important. Consider marketing to all five of your customer's senses:
Some people get caught up in trying to make a home unique by adding specialty rooms or performing a total remodel, when buyers usually prefer a home that's move-in ready. It's easy to become lost in projects, hoping to make your home really stand out, but you also have to be careful that you aren't making your home too overpriced for the neighborhood. This is another reason why it's a great idea to bring a real estate agent on board early, even if it's only for a consultation. That way, you can be sure you're directing your attention to the things that matter most to your potential buyers.