If you are planning to sell your home, you may be concerned about whether the market is currently a buyer’s market or a seller’s market. You may be wondering whether you should wait a little while and think about selling your home when you may be able to get a better price for it. This is a completely reasonable hope. Moving can sometimes be an emotional decision, but it also always remains a financial one. Getting as much as you can is just common sense. Not only will it mean that you can spend more on your next property, you may be able to have a little left over, with which you can do whatever you want, whether that is a vacation or maybe home improvements.
If you are thinking about waiting for a while, there are lots of things that you can do in the meantime to raise the value of your home. To get the most out of selling your house, you have to be smart and imagine exactly what it is in your home that its prospective buyer will see that will make them purchase it. It is partly about creating a narrative in which they can see themselves living there. One of the most important things is to take quality photos that will show your property to its best advantage.
Five Ways to Raise the Value of Your Home
Here are a few ideas to raise the asking price of your house:
- The adage ‘it takes money to make money’ is as true in the property market as it is anywhere else. While it may seem counterintuitive, embarking on major construction work can be a way to make money. It is exactly this idea that encourages people to flips houses. Maybe you could build a conservatory or convert the loft into another room (visit CochranEng.com for more ideas). Either way, making your home more versatile and unique is never a bad idea.
- If you live in a city and are hoping to attract someone who will inevitably have to commute for work, you may want to consider paving over your front garden and investing in a drive. It may be another expensive option, but with parking at a premium in lots of places, it could be the thing that sets your place apart.
- First impressions are everything. Besides the photos on the website, the first thing a prospective buyer will see of your house is how it appears as they drive up to it. Paint it a fresh, vibrant color and replace the front door. A strong door gives an impression of security which is important to everyone. Also, in an age when people are concerned about rising energy bills and the state of the environment, investing in double glazed windows is a good idea. They make a house look smarter as well as making it warmer.
- You are dealing with people after all so cheap psychological tricks will work every time. If you hang mirrors in your house, it will make the place look bigger.
- Lastly, work on your garden. Everyone enjoys relaxing at the end of a long day by kicking back and just enjoying the evening. A disorganized garden can make a bad impression and potentially reduce the amount you can get for your home.