First-time sellers may not realise how much small details can affect their property valuation. Even aspects as abstract as the seasons can affect both interest in your house, and the prices you may be offered for it. That’s why, if you’re just starting out, you may notice that you are not getting the offers you want or your property. In serious cases, you may even be getting little to no offers at all. Fortunately, there are numerous ways you can increase the value of offers on your home with just some planning and knowhow. What’s more, many of them do not require a lot of money or time to implement. Here are 4 quick things you can do to get the best value possible for your house.
Consider Your Selling Options
Modern technology has vastly increased the options for selling your home. It is important to explore all of these, as you can then calculate which way will get you the best price, overall.
Traditional agencies can be useful as they have the knowledge and time to advertise your property. However, commission fees typically are costly, at around 5-6% of the home’s sale price. Therefore, if you are looking to get the best value, other methods may be preferable. Private real estate investors, like Katy & Frank Home Buyers, can be best if you wish to sell your home quickly. This is because they will likely give you a good price regardless of any repairs which need carrying out. If you really want the best price possible, you may even consider selling yourself. However, this can be very time-consuming and marketing can be surprisingly expensive, so this may not be ideal for everyone.
Choose the Best Time to Sell
Something you may not have considered is that house prices tend to fluctuate a lot depending on the current economic climate. For example, given that many countries are still under pandemic restrictions, banks are being extra-cautious. This is causing them to value homes at significantly lower prices than usual.
Thus, if you can, it may make sense to stop attempting to sell a property if you are currently in an inhospitable market. If you do not have the luxury of waiting a long time, compromise by attempting to sell your home during the spring, specifically. This is because the blooming plant life and newly bright weather can make buyers more likely to pull the trigger on a purchase. The popularity of buying a house at this time also is believed to increase prices in these months.
Get the House in Peak Condition
It is vital that you present your property in the best light possible to get the best offers for it. Many issues with homes are minor, but can be very visible, such as damage to doors, windows and paintwork. Fix these prior to any viewings. Also make sure the house is clean and the garden is tidy, as this will give your house a great first impression. You could even get a professional cleaning service to expedite the process. This may seem trivial, but most real estate agents agree this is a sure-fire way to make your house sell more quickly, and for more money.
Add Distinguishing Features to Your Home
If you really want to substantially increase the valuation of your property, you can get creative with what to add to your home. Loft conversions or conservatories, for example, can boost your house’s value by up to 25%. This will easily cover the price of most conversions, and then some. You can even add features like solar panels to your home, to cater to specific demographics.