Oftentimes, I get asked by seller clients ‘how can we increase the value of our home?’ or ‘what can we do to sell for the highest price’ As you can imagine, this is a very broad question with many potential answers.
Let’s assume for this discussion that you are not looking at major renovations. Major renovations require that we do a thorough analysis of current value, future value and the ability to recoup the cost of the renovations.
Minor renovations are often more cost-effective than major renovations. Minor kitchen upgrades provide a good example – say, replacing an old sink with a shiny stainless-steel model, installing better faucets, replacing cabinet door knobs, refinishing/painting cabinet doors, or doing other relatively minor jobs. The kitchen will often sell the house! Make it stand out!
Presentation is considered essential to increasing the value of your home and to selling it quickly. Relatively small changes can keep buyers focused on what’s best about your home. Making sure the home is thoroughly cleaned, all lights work properly, the exterior (where applicable) is well kept.
Lastly, I tell people that the 1st place to start is for them to recall back to the time they were buying. What stood out to them and what was the most important aspect of the home they purchased. Keeping this in mind will go a long way towards meeting your goals.
