Planning on selling your home? Then, learn how to be a savvy seller and increase your property’s value way before you put the “For sale” sign in the ground. These expert-approved tips will show you how to massively impact the value of your house and make it extremely appealing to potential buyers.
Stage your home
Home staging refers to decorating your home to show off your home’s most impressive features, impress potential buyers and eventually sell it for the best price. According to the National Association of Realtors, more than seventy percent of realtors believe this is the best method to make a house look its best and convince buyers that it could become their future home.
A home staging can cost between $2,000 and $2,400, depending on various factors, but in the end, it’s all worth it because you can really increase your home’s overall value by much more than you invested. According to real estate agents, the most important room for a staging is the living room, then the master bedroom and kitchen.
Research your target homebuyer
For every type of house, there’s a different type of buyer, and that’s alright. What you need to do to make sure your house sells for the best price, is to determine the kind of buyer for your home. Is it a millennial couple who have been living for a very long time in an apartment, is it a retiree couple who wants to downsize? Knowing your target buyer can have a huge impact on the outcome of the selling.
For example, a single-family home might be perfect for someone who wants to move in really quick, without making and adjustments and repairs, says Lucas Machado, president of South Florida-based real estate investment firm House Heroes. “If the property is in poor condition … it likely won’t qualify for a traditional bank mortgage,” Machado added. If your property needs some repairs, it might be just what a real estate investor is looking for: to repair, upgrade and resell.