Your house is more than just a home; it’s also a major asset. When you’re finally ready to sell it, you’ll want to do everything you can to maximize your price.
Luckily, there are lots of things you can do to add value to your home – and they don’t always need to come in at the last minute. As a homeowner, you can take certain steps to build equity and optimize your future ROI from the day you move in.
Whether you plan to sell in 3 months or 3 years, taking steps to boost your home’s market value in advance is a great way to set yourself up for success.
In this blog, we’re passing along our best tips on how to add value to your home before selling it. Let’s dive in.
Why Should I Make Changes to My House If I’m Just Going to Sell it?
If you’re planning on selling your house in the near or somewhat-near future, investing time and effort (not to mention money) into certain upgrades may seem strange. Why go through the hassle if you’re just going to be moving soon anyway?
Nine times out of ten, the answer boils down to basic ROI. Put simply, the potential payoff of certain home improvements is too good to be ignored. If you decide to sell your house as-is, you could be leaving serious money on the table.
On top of boosting the final sale price, adding value to your home can also give you a leg up in the market. Right now, buyers have a lot of inventory to choose from. If you want to sell your house as quickly as possible and for a great price, you’ll need to take every step you can to make it stand out from other homes in your area. An easy way to do that is by making a few key upgrades.
On the hunt for more home selling tips? Read these other blogs next!
- When is The Best Time to Sell a House in Ontario?
- How to Sell Your House Fast
- How to Price a Home to Sell
What Adds Value to a House?
As a piece of real estate, your house naturally carries a lot of value. However, there are plenty of things you can do as a homeowner to build upon that. Some of these steps will be somewhat major, like large scale renovations or big changes, while other strategies are more subtle and specific to the situation.
That said, it’s important to remember that every house is unique and no strategy is one size fits all. At the end of the day, adding value is about understanding what your home needs to reach its full potential on the market.
For instance, maybe you’re wondering, “Does removing wallpaper increase home value?” Well, it depends. In some cases, removing wallpaper and repainting a room to feel fresh and neutral can have a great impact on resale value. Other times, tasteful wallpaper may nicely accentuate key features of a room, like the natural light or design choices.
Do Home Renovations Increase Property Value?
Renovations are usually the first thing homeowners consider when they want to boost their home’s value and increase equity. While it’s true that many improvement projects come with great ROI, the reality is that not all renovations are created equal. In fact, certain changes to your house could actually hinder its value – not improve it.
Unfortunately, there’s no universal list of best-ROI renovations. However, there is an easy way to find out which projects are best suited to your house. More on that next.
Want to make the most of your upcoming sale? You’ll find more advice in these blogs!
- What Does it Cost to Sell a Home in Durham Region?
- How Flexible Should You Be During Home Negotiations?
- How to Find a Reliable Real Estate Agent
Smart Ways to Boost Your Home’s Value
If you really want to increase value before selling, your best bet is to work with a knowledgeable and experienced real estate agent. After getting a sense of your personal goals, they can assess your home and make helpful recommendations about which renovations or upgrades will bring a solid return.
Sell Your House With Puckrin & Latreille
If you’re looking to get the best possible result on the sale of your home, you’ll want to partner with an experienced, widely-knowledgeable real estate team – like us, Puckrin & Latreille!
Having sold countless homes in Durham Region and the Kawartha Lakes since the ‘70s, we know the most effective strategies to power your sale.
Once we get to know you, we’ll perform an in-depth property evaluation to help you get a sense of where your home stands in today’s market. After that, we’ll create a custom seller’s roadmap to help you enjoy a smooth, successful sale.
If you could benefit from a few strategic pre-listing upgrades, we’ll help you create a plan of action to get your home market-ready with minimal hassle. After that, we’ll leverage our locally leading selling tactics to ensure you get maximum value from your home.
Hoping to sell your home for top dollar? We have the experience and insights to make your dreams a reality! Call 905-985-7300 or send an email to hello@liveplayinvest.com to reach out.
Book a Meeting
Whether buying or selling a home in Port Perry and the surrounding area, our team has you covered. Book a call with us today to get started.
