Surefire Tactics To Getting More Money For Your Home

Dated: 05/12/2016

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All home sellers hope their place will fetch a big, fat price. And while you can’t control everything that determines a house’s market rate—like, say, the state of the stock market or the quality of your local school district—there are plenty of things within your power that can nudge that number higher. A lot higher, in fact.


Granted, manipulating your home’s selling price will take some work, and usually some money. But time and again, these proven strategies make a big difference in final sales prices. Try a few, then prepare to do a victory dance on the big day you get your offer(s).


Tactic 1: Bite the bullet and make smart upgrades


Yes, overall renovations to your home will nudge up the price, although not always as much as you might hope: According to Remodeling magazine’s 2016 Cost vs. Value Report, you’ll get back an average of 64% on whatever upgrades you paid for. But that ROI varies widely based on what type of improvement you do. The most profitable upgrade is—drum roll—insulating your attic. It may not be all that sexy, but you’ll recoup 116.9% of your costs. It’s the only home reno in the report that redeems more money than you spend!

Tactic 2: Boost your curb appeal


You Realtor® has probably already told you: One surefire way to jack up your sale price is to knock ’em dead before they even reach your front door. So spend some time and do it for real. Improving your home’s curb appeal can increase your sale price by up to 17%, aTexas Tech University study found. Basic landscaping such as trimming hedges, pulling weeds, and pruning trees is a must.

"Adding pops of color by staging your front porch with potted flowering plants on each side of the front door and planting flowers in the garden beds in your yard will improve the curb appeal", says Tony Landaverde, Realtor with eXp Realty in San Antonio Texas.  Consider installing white panel lighting along railings, fences, or doorsteps to make your home’s exterior visually appealing for evening showings. Other low-cost projects to improve your home’s appearance include putting a fresh coat of paint on the front door, updating the house numbers, and adding porch furniture.

Tactic 3: Create the illusion of more space


It goes without saying that a higher square footage fetches a higher sum, but you can’t do anything about that, right? Not so fast: Your home’s actual specs don’t matter as much as how spacious rooms look when you’re standing in them. So be sure to create an open, inviting space. That entails removing large pieces of furniture such as the oversize coffee table (it might look nice, but it could be blocking foot traffic).

"If you're already using your garage to stow things, you should consider renting a storage unit", says says Tony Landaverde, Realtor with eXp Realty in San Antonio Texas.  If your home has beautiful hardwood floors, show them off by removing large rugs, and clear off your kitchen’s counter space by putting away blenders, coffee makers, toaster ovens, and other small appliances, she advises.

Buyers are particularly attuned to closet space, so move off-season clothes into storage to give the illusion the home has plenty of space for storage.

Tactic 4: Hire a professional home stager


Have “eclectic” design tastes? Your personal aesthetic might put off some buyers, so move all your knickknacks into storage and hire a home stager. It’s true that these professionals—who tweak your space to make it more appealing to buyers—aren’t cheap, but they can be well worth it.

On average, staged homes sell for a whopping 20% more money than nonstaged ones. Staging may be particularly important if you’re in the process of moving, and some rooms are vacant. Make sure your living room and kitchen are fully furnished, since they’re the most important rooms to buyers, according to the National Association of Realtors®’ 2015 Profile of Home Staging survey.

Tactic 5: Pick a neutral color palette


Maybe you painted your daughter’s room pink, or thought lime green was perfect color for for the kitchen.  (We all make mistakes!)  However, bright colored walls or bold patterns can turn off buyers, says Tony Landaverde, Realtor.  So consider hiring a professional to repaint the house throughout in a neutral color such as off-white or beige. Or if you have the time, you can cut costs by painting it yourself.

Thank you for this great article entitled "Surefire Tactics To Getting More Money For Your Home" by Daniel Bortz
Presented by Tony Landaverde, Realtor
Landaverde Realty
San Antonio, TX Realtor with eXp Realty
(210) 274-2378
www.TonyLandaverde.com
A Texas Licensed Realtor® License #607299


For information on careers with eXp Realty click on the link: Tony Landaverde eXp Careers

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