Contrary to what you may have heard, increasing your home’s selling price is a lot less complicated than you think. Sure, factors such as location and your local real estate market influence your asking price, but more often than not, today’s homebuyers will happily pay a higher price for a home that ticks off all their priorities.
In other words, if your home has most of the things they want, they’ll be willing to pay more for it.
From a modern kitchen, an open floor space, to a property that doesn’t have any hidden issues, here are a few factors you can incorporate into your home to boost its market value.
Pour Your Resources into the Kitchen
The kitchen has always been a key element when selling or buying a home, but it’s especially important for the millennial generation of first-time homeowners, who view a “modern kitchen” as their primary concern when house hunting.
But does this mean you should tear down your kitchen for a remodel? Not so fast.
Even a modest investment of a few thousand dollars should be enough to get you brand new kitchen appliances, as well as new flooring and a new but affordable countertop. Don’t forget to add a new coat of paint to your walls and cabinetry, and replace aging hardware.
Buyers tend to pay attention to keywords like “modern,” “new appliances,” “stainless steel,” and “new countertops,” so try to incorporate these into your online and local listings.
Get More Out of Smaller Floor Plans
Today’s generation of homebuyers isn’t looking to buy McMansions, which are not only expensive to buy but are also notoriously expensive and time-consuming to maintain. If you have a small home, don’t worry. It’ll be easy to sell at the right price and right configuration.
In the old days, homes were laid out such that living spaces were highly compartmentalized into different rooms. But modern homes, especially small ones, are all about maximizing your floor plan into a flexible and open living space.
That means you can, and probably should, break down walls between your kitchen and dining area to create a feeling of space and openness. You can also finish formerly unused spaces like the basement and attic, which homebuyers will happily pay extra for if you show them the cost of doing it themselves.
Get Your Property Inspected
While getting your home inspected won’t affect your property’s selling value in a big way, it can be enough for homebuyers to consider paying more for other features of the house. Buyers know that home inspections can be tedious, so they’ll be more likely to spring on a purchase decision once they know the home’s been inspected and found to have no hidden issues.
If you want to sell your home right away and don’t have the time or resources for remodels and improvements, you can still sell it as is to an investor. At Blue Hen Homebuyers, we buy all kinds of houses in any shape, size, and condition. Call our offices today at 910-802-2222 to learn more about how our services can help you.