Maximize Your Home’s Selling Price
If you are planning to move away from your current home and sell it, then you are of course thinking of how to maximize your homes selling price. Usually, the major keyword used to be location, location, location but there are a lot more things to consider than the location of your home before a buyer wants to negotiate the value of your home.
If you are to maximize the selling price of your home, then you need to think of it as a product and as such package it to meet the taste of your target audience. The location of your home might determine your target audience – if there is a school within a few miles radius, then your target audience might be a family that has younger children or college-age children depending on the school type. Some other audience type includes single parents with children, newlyweds, students or retirees – all depending on the location of your home.
There is a FAST Seller Action Plan to help ensure that your home ticks the functionality presets of your target audience, and it is also very important your home looks attractive. Having understood your target audience, you already have an idea about how their lifestyle might be. Hence, you can make tweaks in the home to meet their living standards.
Here are a few renovation ideas you might want to consider.
- Wall painting and repairs
This is almost the first thing that every potential buyer sees first. You need to give your walls a fresh paint job. It is best to stick to neutral colors to make it more appealing to a wider audience; you don’t want to use bright colors and make your home stand out for all the wrong reasons. If your walls are painted in neutral colors, and you allow light in by opening the windows, your space also looks much brighter and bigger.
Also, walls made with weatherboards might have some panels which need replacing. Brick walls might need to be filled with fresh mortar and rendered walls with fresh concrete to fill in gaps – ensure that all these are checked and repairs made where need be.
- Kitchen Upgrade:
The first thing you need to do is make sure everything is still working. Make sure the plumbing work is okay and the cupboard and table tops are in perfect condition. Buyers will automatically assume that you have kept good care of the home if everything is still in perfect working condition.
- Bathroom Upgrade
A good bathroom should be both functional and aesthetically appealing to buyers. As long as the bathroom fulfills all its functions you can give it a facelift by just changing the tiles and rusted sink metals before inspection.
You should also convert bulbs to energy saving types. To maximize the selling price of your home, the buyer should feel they can move in without making a lot of changes or additions to the space.
There might be a bit of work involved with different renovations and repairs, but it will be well worth it if you can achieve a higher selling price than you initially thought you might get.
Would you like more tips on how to maximize your home’s selling price?
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