Selling a house can be a tough job, but even tougher is selling it at a price you want. The recent economic recession has hit the real estate market quite hard. Property prices hit rock bottom at the onset of recession, but the picture is slowly improving. If you are planning to sell your house now, you need to research the market prices.
Here are some of the factors, on the basis of which, home value assessment is done. Locality plays a very important role when deciding the price of a house. It certainly sets an upper limit on the maximum price you might get for its sale. Still, you can up the price of your house substantially, by running a smartly planned home improvement project.
Other than that, the present condition of your house, existing amenities and the amount of repair work a new owner will have to perform, before he can move in, play a large role in deciding the price. You can do a lot to improve the overall feel of your house that would make a prospective buyer think favorably about it. You need to put in a lot of work if you hope to get a good price for your home.
Ways to Raise the Home Price
It will be helpful if you study the current real estate trends, before you set a price for your home. Inquire about the current home values by city and the general trend in prices of houses sold around you. That will help you in deciding the maximum you can expect from the sale of your own house. Consult a real estate agent to undertake a home value assessment to get an idea about its present value. Here are some suggestions on how you could improve on that price. Let me begin with the exterior of the house and then talk about the interiors.
A new buyer is going to start making an impression about your house, from the first moment he sets his eyes on it. A properly manicured lawn and a well kept garden present a welcoming feel. Landscaping your house exteriors will certainly help you in getting a better price for your home.
Exterior Painting and Repair
If the exterior paint of your house has peeled off and it has acquired a dull look, it is not really going to captivate a buyer. Accentuate the architectural details of your house through a newly-applied exterior paint. It will certainly help in improving its visual appeal. If the house roof or exterior walls need repair, make sure that you get it done.
A cluttered house doesn’t make for a good picture. It helps if you can clean out all the clutter from your home and give it an organized look. A clean and organized house creates a great first impression. Running a pest control throughout the house is also a necessary task.
Work on the interiors and apply a new paint. Redesign the interior lighting and furnishing. See to it that all the electrical connections are intact and working. Let there be ample space and light in the house, which will certainly impress a buyer. The money you invest in interior decoration will certainly pay off later.
One place that will capture a woman’s heart is a well-furnished kitchen. The better furnished a kitchen is, more value it will add to your house. Repair or replace old cabinets, put a new counter top if you can or new furniture to give it a new feel. A new flooring will help too. Make sure that the faucets and other kitchen appliances are in good working condition.
Furnishing the Bedrooms
The bedrooms and especially the master bedroom must be given particular importance while furnishing. Put in new carpets, blinds, and curtains. An attached well-furnished bathroom and big cabinets are some of things that people look for in a master suite.
Heating Systems and Basement
Ensure that the heating system is in good working condition and repairs if any are carried out. A dry and clean basement, along with plumbing that is in excellent working condition, will work in your favor.
In a nutshell, the better you maintain or furnish it, better are the chances of you getting an excellent selling price for it. The catch is that you need to spend more, if you hope to earn more from the sale.