When we buy a home, we usually do it with the intention of staying there for a while. However, this isn’t always possible. You could outgrow it, need to relocate or even find you’ve got too much space. Your home can be your biggest and most lucrative asset. Yes many of us will have a mortgage, but that doesn’t mean to say that we don’t have the power to get the best resale price, and therefore increasing our profit. So I thought it would be worth sharing with you some of the top tips to help you increase the sale price of your home. It is, after all, better off in your own back pocket, wouldn’t you agree?
Make necessary home improvements
Many people worry that it’s a waste of their time and money to make changes to a home they plan to sell. However, a few small changes could dramatically increase the sale price. There are bound to be things on your property that need repair or replacing, fence panels in your garden, a structural part of your home, but these things can decrease the value as someone starts to estimate the cost to them.
Buying the right products like timber and wood from George Hill Timber can mean you get a better deal going directly to the trade than trying to buy from an outlet or discount store. Any money saved is better for you in the long term. This can also be applied to making bigger changes to your home. If you have the time why not look to extend your property? The more square footage and rooms you add, the bigger the resell price will be.
Re-decorate the most profitable rooms in your home
There are certain rooms in your home that add value. These are the kitchen and the bathrooms. They are seen as expensive jobs to remodel completely to a buyer, but in actual fact, investing a little here, and doing research to purchase materials, can add immense value to your overall sale value. Even small improvements can make a big difference. For kitchen and bathroom inspiration, Pinterest is a great place to look.
Consider your decor and tone things down a little
Not everyone will have the same taste in home decor, so it’s important to appeal to the masses when selling your home. The same house could have two different sale prices due to the decoration. One may look neutral and clean, the other bright and may provoke thoughts of spending to improve the interior. For the cost, it’s easy to tone down the decoration and appeal to larger audience.
Minimise your space to maximise the size
Finally, it’s important to maximise the space you have so declutter your home and even store extra furniture away until you move. A larger house, even just on appearance, will be far more appealing to a buyer.
*This is a collaborated post