If you’re even remotely considering giving real estate a go, there’s some important selling points to keep in mind.
A lot of people think that closing a deal on a home is as simple as staking a For Sale sign on their front lawn, but it’s a bit more involved than that.
In reality, there are countless factors that can influence how fast and how much your house will sell for.
Don’t worry though. I’m about to let you in on 5 of the best-kept secrets for making the most out of your home when it comes time to sell.
Arguably the best strategy for making a quick buck from the property you own is to immediately shave 15-20% off the price.
I know this seems counterproductive. After all, the whole point is to seal a deal with the biggest profit, but just hear me out…
Listing a more affordable rate is almost guaranteed to bring in more buyers, who will naturally bid up the price amongst themselves.
Sometimes even over what it’s worth!
Sure, it’s a risky move, but it tends to pay off (quite literally) after everything is said and done with.
The United States is the world’s biggest consumer market. So it shouldn’t come as a surprise that Americans already have more “things” than they need.
Because of this, there’s a high demand for space to store it all in.
It’s probably the last thing you’d think about putting on display when staging your home, but don’t be afraid to advertise all the nooks and crannies that your place has to offer.
You can never have enough storage and even if you’re house is lacking in this department, feel free to empty out as much of your garage and closets as possible to give off a more spacious look.
The only real home improvement that’s worth investing in before you turn around and sell is the kitchen.
If you’re thinking about taking on any other big projects for the sole purpose of increasing the value of your home, you’ll most likely come out in the negative.
But the perks of remodeling your kitchen are endless.
Coughing-up a few grand for brand new countertops may be worth it, considering a buyer could knock as much as $10K off the asking price if the kitchen looks outdated.
A fancy stainless steel appliance or two can go a long way as well.
As a rule of thumb, go for smaller improvements throughout the rest of your house, such as a fresh coat of paint on the walls or tightening up leaky faucets, and save the big bucks for the kitchen.
4. PERSONAL TOUCH
The roof over your head may have once been home sweet home to you, but it’s a good call to rid your house of as much memorabilia as possible after it hits the market.
In other words, take the home out of your house.
Purchasers are viewing your home from their own perspective and are most likely trying to imagine their own belongings in it.
Help them out by providing a blank slate that’s still decorative and tidy, but doesn’t have all the family pictures hanging on the walls for them to see.
The more personal stuff you have in your home, the less buyers can picture themselves living there.
5. FIRST IMPRESSIONS
I’m sure you’ve heard the saying: “leave a lasting impression” before.
Usually it goes hand-in-hand with meeting someone for the first time, but it also applies to real estate.
Whether you like it or not, people initially viewing your home are going to immediately jump to conclusions.
It doesn’t matter how good the place looks from the outside, if buyers aren’t impressed from the start, it’ll hurt your chances at scoring a sale.
That’s why it’s important to make people feel warm, welcome and safe as they approach your house and walk through the front door.
An easy hack is to dress the front yard up with colorful flowers and a cleanly trimmed landscape.
But once they actually step inside, the lighting is what’s really going to win them over.
Good light is a universal want when it comes to housing. Make sure the windows are clear from the outside so the sun can shine through and take down the drapes if you have to.
Another smart move is to increase the wattage of bulbs throughout your house.
The bottom line is to do whatever is necessary to make your home bright and inviting.
Hopefully this gives you a better idea of how to boost the value of your home and close a quick deal.
Whether the real estate you own is currently listed on the market or you have plans to put it up sometime in the future, feel free to incorporate these 5 tips.