The primary difference between your home’s market value and the price is that the former can be subjective. Buyers and sellers may not have the same criteria for rating a property’s worth.
Some may view a house as being overpriced for its appearance. Meanwhile, others may think that the price tag is appropriate for the facilities and amenities installed in the home.
Fortunately, there are things you can do to increase your home’s market value, such as:
1. Consult a Real Estate Expert
Regardless of whether you want to sell your house today or after a few years, you should work with a real estate expert in inspecting your property and determining the areas that you can develop. Their professional eye can spot the favorable aspects of your home as well as the parts that you should enhance to increase its market value.
2. Boost Your Home’s Curb Appeal
When buyers check houses for sale, they imagine themselves living in that home and whether they’ll be comfortable there. Your property’s curb appeal plays a significant role in aiding this vision and increasing the chances of a sale.
Your home’s curb appeal pertains to the level of attractiveness of your residence’s exterior that entices potential homebuyers to take a step inside. With this, they can explore the rooms as well as check out the facilities and see if it’s suited to their needs.
You don’t need to spend a lot of money on boosting your property’s curb appeal. These are some simple things you can do to enhance the exterior of your home:
- Mind Your Garden – Trimming shrubs and tree branches regularly can keep your home from looking shabby and unkempt. Make sure that your plants frame your house in a way that invites potential homebuyers to come in for a visit.
- Pressure Wash Regularly – Grime and algae may have already formed the outside of your home, especially the sidings, patios, and driveways. If you have a friend who has a pressure washer, borrow the equipment and give your property a thorough cleansing.
- Give Your Walkway a Makeover – If your walkway already has cracks or missing pieces, an effortless and inexpensive way to solve this is to add flat flagstones on top of your current path. Another method is to DIY a new footpath using stones or sand.
- Change Up Your Lights – Updating your lighting fixtures is also an inexpensive and hassle-free way to upgrade the outside look of your home. Find modern light bulbs and frames that aren’t only eye-catching but energy-efficient as well.
- Beautify Your Windows – Be intentional about the type of curtains you use. Make sure that the color and texture complement the paint of your home. Moreover, you should also enhance the look of your windows by installing window boxes and filling these up with flowers and plants.
3. Expand the Interior with Visual Changes
Once potential homebuyers have stepped into your foyer, dazzle them with the breadth of your residence. The layout of your house can influence the perception of space, so make sure that you place furnishings strategically.
Create visual spaciousness by putting your furniture and home décor away from the wall. You can also invest in multi-purpose items and take advantage of hidden storage.
Give your home guests the feeling of a large space by reducing clutter. You can also maximize the area that you have by using a mixture of light and dark colors. The contrasting hues can give each of your rooms visual depth.
4. Keep It Low Maintenance Yet Efficient
One significant issue that homebuyers look out for when choosing properties is the level of maintenance that they’ll end up with, especially concerning repairs. Before listing your home on the market, make sure that all the furnishings and equipment that come with it are in good working condition.
Aside from ensuring that your home only requires low maintenance, you should also make sure that you upgrade your lighting fixtures and other appliances into energy-efficient ones. This adds to the appeal of your house and enables you to stick a higher price tag due to the updates you did.
5. Repaint Where You Can
Another low-cost way to boost your home’s market value is to freshen your property up with new paint. Research on popular color combinations that look good on houses and are a hit with potential homebuyers. Find one that suits your preferences since you still have to live there, so you might as well enjoy the hues.
Your home’s market value has a significant bearing on influencing potential homebuyers to push through with the sale. Boost your property’s appeal by following these doable and inexpensive tips.