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The US housing market is booming. What experts believed to be a bubble has continued to grow and expand over the past two years, triggered by the pandemic. Today, median house prices across the country are skyrocketing to all-time highs and there is a demand for 5.5 million more housing units than the existing ones.
So, if you have been thinking about selling your house during this advantageous moment, you are certainly not the only one. However, your home is one of the biggest investments you’ll ever make, and it has a sentimental value – that is why you shouldn’t settle for anything but the right price.
Here’s how to prepare your property to increase its value, reach your desired selling price, and provide added value to the buyer.
Enhance the Property’s Curb Appeal
The property’s curb appeal – or the house’s attractiveness – can increase the asking price by over 7%. And, potential buyers are willing to pay for it!
Improving your home’s curb appeal is inexpensive, but it can lead to high yields and return on investment. Depending on your home, there is a lot you can do to improve its curb appeal. However, some of the most common projects homeowners invest in include:
- Landscaping the yard and tidying up the garden
- Renovating the driveway and garage if visible
- Fixing the roof and keeping the gutters clean
- Painting the facade, sidings, and front doors
- Fixing loose screws, tiles, and planks that have been affected by the daily wear and tear
Invest in the Renovations That Yield the Highest ROI
Before putting your house back on the market, you might consider investing in some renovation projects that can increase the property’s price and the value offered to buyers. However, not all renovation projects are the same, and some can cost a lot of money and not yield the returns you were hoping to gain!
Here are some of the renovation projects with the highest ROI that you might consider, but speaking to an expert is always the best way to go:
- Improving the house’s energy efficiency with smart appliances, maintenance, and systems such as solar panels
- Enhancing the property’s curb appeal and keeping up with exterior maintenance
- Bathroom and kitchen remodels
- Fixing the floor
- Increasing the property’s square footage by adding extra space
- Focusing on aesthetic improvements, such as sprucing up cabinets, walls, and carpets
Consider Staging Your Property
Staging your property can help you close a sale much faster and for a price closer to what you are asking. Staging a property is not always necessary, especially if you have been looking after the house’s decor and interior design and the whole house is in great condition.
However, by hiring an expert representative and interior designer, you can create a stylish and welcoming home environment your buyers are likely to fall in love with!
Consult an Experienced Sales Representative
If you are looking to sell your house but you don’t have much experience, you should not think twice about consulting an experienced sales representative. While it might seem like an unnecessary expense, it can help you increase your asking price and close an advantage or deal. If you are on a tight budget but would still like to make the most of this service, visit website for free trial.