How to Raise the Selling Price of Your Home
Have you been living in your home for more than years? Maybe you would like to sell it and purchase a new one that has the amenities you need. If that’s the case, then you might as well sell your home in today’s market where there is an intense demand for living spaces.
Apart from the goal of selling your home to a motivated buyer, you will also need to get a good price on your home. Even if you don’t plan on selling this season, there are a few things you can do to raise your asking price. Here are a few tips to keep in mind before you decide to list your home.
Check out the comparables
When setting a good selling price for your home, you must look at the prices of similar properties in your neighborhood. With the help of a local real estate professional, you can run a comparative market analysis and determine the median selling price in your area. From this, you can decide whether to sell at the same price range or make improvements that can give your property more exposure and a higher price tag.
Handle minor and major repairs
Your selling price is tied to the value of your home. One way to increase it is to deal with any structural and cosmetic repairs. Regular wear and tear can take a toll on every component of your home. Apart from that, there’s also rain, hail, and mold that could give any buyer a proper reason to negotiate a lower price. For this reason, make sure to repair any noticeable defect. Minor issues like leaky pipes can be fixed by yourself, but you will need to get the right contractor for things like roof repair and mold removal.
Get new appliances
Although it seems costly to replace outdated and worn-down appliances with new models, it has the potential to increase the value of your home. Today’s buyers want to experience a home that feels fresh, and they also want to use the latest tech that won’t increase their monthly energy bills. Investing in a new dishwashing system and refrigerator can help you justify a high price tag for your home.
Improve curb appeal through landscaping
In addition to functionality, buyers also want a home that looks pretty on the outside. This is called curb appeal, and it plays an important role in attracting buyers who are ready to purchase your home. There are several ways you can enhance curb appeal, but proper lawn care and landscaping are a few of the best.
Consider trimming the bushes and keeping the grass lush and green. You can also reach out to a local garden center and look for plants that can help your property stand out. When done right, your landscaping project should add close to $10,000 to your home’s selling price.
If selling your home is on your list of long-term goals, you need to know how you can get a better price at the negotiating table. These tips should help you get started.