5 Tips To Make The Biggest Profit When Selling Your Home
Selling your home can be a scary time for some families. It’s a big change to make. One of the biggest fears many people have is that they won’t be able to sell their home for a fair price. They may assume that they’ll lose a good portion of their investment on the sale.
While that is a possibility, there are steps you can take to help ensure that does not happen and you do get a good price on your home.
Below are five good tips you can use to make the biggest profit possible on the sale of your house.
Focus On Curb Appeal
First impressions matter a lot in any relationship. This is also the case for homebuyers. The first view a person has of a home for sale from the street helps determine whether or not they will buy that property. Try to spruce up the visual appeal of your home so it looks good from the street.
According to HouseLogic, a site by the National Association of Realtors, simply giving the exterior of your house a good wash could increase its value by as much as $10,000 to $15,000. Make sure the exterior of your home, as well as the lawn and landscaping, are immaculate.
Give Your Kitchen An Upgrade
One of the most important rooms of a home in regards to its selling price is the kitchen. According to USA Today, 48 percent of homebuyers surveyed are willing to pay extra for a home with a kitchen island.
If you don’t have one, consider installing one and doing other updates to your kitchen to bring it up to the standards for features and aesthetics home shoppers expect these days. It could increase the selling price of your home significantly. Granite countertops are especially sought after. Also, make sure your kitchen appliances are as new looking as possible.
Repaint Your Walls
An easy home upgrade that can increase its selling price is giving your walls a new coat of paint. Paint, like nearly everything, ages and begins to deteriorate over time. It can chip, stain and dull in color.
If that is the case, the aged paint on your home’s walls can negatively affect the home’s aesthetics and the entire atmosphere of individual rooms. Repainting those walls gives you an opportunity to breathe new life into your home’s rooms.
However, be strategic about the colors you choose. According to Consumer Reports, certain colors can add up to $5,000 in a home’s selling price. However, unattractive color patterns can certainly do the opposite.
Spruce Up Your Bathrooms
Another room that can certainly impact the value of a home is the bathroom. If your bathrooms have been seriously neglected over the years, you better start giving them more attention.
Grody, disgusting and used looking bathrooms can scare away would-be homebuyers in droves.
Consider replacing old toilets and fixtures with new ones. Replace old wallpaper that has curled over the years. Consider putting in new tile on the floors. If you can give your bathrooms a fresher and more inviting look, it can certainly pay off.
Install New Flooring
Lastly, flooring makes a big impact on home shoppers. According to Bob Vila, 54 percent of homebuyers surveyed are willing to pay more for a home that has hardwood flooring.
In general, any new flooring is bound to make a good impression considering flooring tends to be one of the most worn parts of a home due to its constant use. Investigate different flooring options that can spruce up the appearance of your home.
Overall, if you want to sell your home for the maximum price, you are going to have to put some work in to make that possible. Before putting your house on the market, give yourself some time to perform some renovations and home improvement projects that can increase the value of your home.