When it comes time to sell your home, you want to maximize the resale value. Though you can sell your home as is with today’s technology, getting the most value out of your home is the most ideal way to resale.
Fortunately, making sure your home is in tip-top shape isn’t rocket science. There are many small attributes that many sellers neglect to recognize and lose out on money. Today, we are going to cover five things you should do before listing your home to get the most money from the sale.
1. Make Sure it is Clean & Odor Free
When a potential buyer walks into your home, the scent of the home sets the tone of their walk-through. Potential buyers want to picture their lives, not yours. The odor of a dog, cat, food you’ve cooked can be a real turn off. Many products like Febreze and Air Wick just somewhat mask the odor. Scented candles can be a good option but choose the scent wisely. Not everyone will like “Vanilla Cupcake”.
Your best bet is to use a product that eliminates the source of the odor. Products that are enzyme-based are great for breaking down urine odor. If there are multiple things contributing to the odor a product that neutralizes is the best choice. Neutralizing products destroy multiple causes, not specific types, like enzyme-based products.
Next, you should focus on the overall cleanliness of the house. Dishes and laundry should be put up, trash should be taken out, toys put away, and bathroom scrubbed. Remember, you want the potential buyer to focus on the house, not your belongings.
You should also get rid of any unwanted guests. If a buyer sees a mouse or cockroach, they will most likely stop and run out the door without even finishing looking at the house. Buyers that see one mouse or bug will automatically assume that there is a major infestation, even if there isn’t.
A few weeks before listing your home call a pest control company to check for termites and eliminate pests. If you have termite damage, it is best to know before the house is listed.
2. Freshen Up Your Landscaping
Curb appeal is a must! Landscaping shouldn’t be overlooked as it is probably the reason that buyers are visiting, to begin with. If there are weeds and vines growing everywhere, that is a good indication of what could be going on inside. If the house needs maintenance on the outside that is probably true on the inside, as well. Freshening the landscaping can be as easy as planting a few bright flowers in the front and adding new mulch.
You could freshen up your landscaping by changing or sprucing up your patio and porch area. Think about if any containers or decor you may have is looking up to par. You don’t want any rusty containers or decorations that are fading.
The doorway to your home sells the customer more than you think. Make sure to shape up any trees and shrubs to make sure your home looks clean and neat. Getting rid of any visible algae or rubble from gutters and filters also contribute to the overall resale value of your home. If your home has siding, taking time out to pressure wash and clean any dirt and debris is also beneficial to the selling price.
3. Fix Broken Pavement and Concrete
As mentioned above, maintenance needed on the outside usually means maintenance is needed inside. After you’ve worked on the landscaping look around the property from top to bottom. If you have broken pavement or concrete, that needs to be addressed.
You can fix small cracks in your concrete by simply filling them in with rubberized fillers. Make sure the cracks aren’t a cause of larger issues with your home. Sometimes installing brand new concrete will be cheaper and cost-effective. According to North Shore Paving, asphalt contractors should be licensed, experienced, and well-trained to ensure quality results. Again, you want the focus to be on the house, not the flaws.
The type of driveway and pavement you have determines what kind of issues you may have and what repairs you need to fix them. While concrete cracks over time, brick may chip and fracture. Cobblestone is a material that is fairly easy to maintain and fix if there are issues. Weather is usually the cause of any cracks and complications you will have with your pavement.
You must also consider if your garage needs work as well. Garage floor coating can get dull and though it may seem like no one will look and care about such thing, people who want to buy a used home want to feel like their home is brand new. Inserting garage cabinets will also help you organize any junk or items in your garage to make it neat for visitors.
4. Consider Home Improvements or Upgrades
Home improvements are crucial if you want to improve the cost of your home. Upgrading your home for resale can be expensive, but can have a great return.
Exchanging your older appliances for newer models will boost the cost of your home tremendously. Appliances are what most people look at when they are touring homes. Having the latest refrigeration system, stove and even washing machines will make buyers feel like your home is brand new.
Add things to your home that are trendy or popular in today’s age. Keeping your home up to date with the latest gadgets like Nest thermostat energy saving systems or the latest camera doorbell.
Make sure to ensure that your home is energy efficient to ensure increasing the resale value of your home. You could input solar panels or change up the way your home uses energy through home gadgets like Nest. Lowering energy costs will save you money while you live there but help you gain money as buyers will see your home as innovative.
Putting a little extra focus on renovating your kitchen will grant you resale value at a great deal. Modern or contemporary styled kitchen renovations are always eye catchers and sometimes they are what sells the entire house. Bathroom renovations are a plus as well and contribute to the increase of your resale price. Upgrading tile, sinks, tubs and etc will draw and keep the eyes of your buyers.
You could also consider adding new paint to your home, indoors and outdoors. Painting your door and shutters with more vibrant colors will draw people’s eyes and make your home a unique buy. When painting on the inside it’s always good to start fresh and have a clean white or off-white colored home. You could also consider changing the current paint you have to help bring more color or to calm certain tones down.
Don’t Start a Project Without …
Hope improvement jobs can be very expensive. While some people are able to refinance or to get a home equity line of credit, that isn’t always an option. For example, if you have bad credit, you may need to take out a personal loan to make the necessary improvements. Finding a good loan company to assist you can be beneficial for the overall result of selling your old home. Make sure you research the different types of loans and focus on staying within the limits of the costs of your improvements.
The most important part about starting home improvements, along with finding funding, is researching what permits you must have. Things like fences, windows, and any structural changes require permits. If you decide to update electrical and plumbing systems to create a more energy efficient home, make sure to research codes and regulations needed as they vary in different cities and counties.
Ensure what kind of work you want to do and research the contractors you need and their rates. Some people may decide to work on their home renovations by themselves, but if you want something done correctly and by codes, you must hire contractors for certain jobs
To find out what improvements will benefit you the most, you must research the real estate market. Decide what upgrades will boost your home value by looking at what other homes have in your area. Whether it be outdoor renovations like a porch and deck or swimming pool in southern areas like Florida or indoor focused renovations in northern states like New York.
Hiring a contractor
Hiring a contractor can be simple if you do your research. Get multiple estimates on your projects and find local businesses that have high ratings. It’s important to check their recent jobs to see what kind of work they do. You will be signing a contract so you don’t want to rush into a decision without reading details thoroughly. You don’t want to put yourself in a bind so ask around to help you decide.
Make sure you understand the insurance that goes along with your contract and get details in writing. You want physical forms of information regarding every portion of your project and contract. Refrain from paying up front so you don’t fund a project that fails or if you don’t like a final result. You must also understand that there may be some delay with your improvements due to funding, building codes, and permits.
5. Remove Clutter and Stage Each Room
Removing clutter is not the same as having a clean house. Removing the clutter simply means removing all extra things in the room that aren’t needed. Any extra picture frames or trinkets need to be stored. This is important in the kitchen too. Large kitchens add value to the house. Remove anything on the counter that isn’t necessary such as mixers and convection ovens.
Having overstuffed closets isn’t ideal. Place the items you don’t need but want to keep in a storage unit or a portable storage building. Every room needs staged after it has been de-cluttered. Add throws and pillows for an inviting feel. Also, add a modern rug and some light furniture to make the room feel up to date and trend
These five tips will have buyers excited over your property. As you can see, a few simple changes can make a huge difference in the value of your home. Potential buyers need to be excited by the curb appeal of your house, as well as, the initial feel of your home. A fresh scent and de-cluttered house will go a long way. If you don’t have time (or the desire) to perform a deep cleaning on your home, get in touch with us today.