SELL YOUR HOUSE .... FOR A BIGGER ONE
It takes a savvy home seller to negotiate a top price for their home.
That’s why we talked to all our industry expert partners and compiled the best tips on how to add value to your home before you put it on the market so you can get the best price possible and upsize your house.
From home staging to marketing or renovations to repairs you can improve the price you achieve when selling your home by giving attention to all the details that can help.
Our quick guide will help you maximize the sale price and give you a an overview of what we would evaluate to increase the sale price.
STAGE YOUR PROPERTY
Seventy-seven percent of estate agents agree that it’s easier for a buyer to visualize a staged property as a future home. The average cost to stage a home is between £1,000 and £2,500. If you’re unsure how to stage a home, consider using a real estate agent.
Staging the living room for buyers, followed by the master bedroom and the kitchen were found to be most important, according to our research.
RESEARCH YOUR IDEAL HOME BUYER
Different property types attract different types of buyers, each of whom has different homebuying wants and needs. Knowing your target buyer can make a substantial difference when selling your home.
For a single-family home in good condition, for example, the target buyer is likely looking for a move-in ready home. This type of buyer “does not want to do any repairs, and so spending time and money to make repairs makes sense,” said Lewis Murphy, owner of Glasgow based estate agency, The Estate Agency Company.
“If the property is in poor condition … it likely won’t qualify for a traditional bank mortgage,” Machado added. “This means the buyer is likely to be an investor or cash-flush homeowner that intends to repair the property.”
These types of buyers prefer to do repairs and upgrades themselves. “The investor can likely do that work with more skill and less cost than the regular homeowner,” said Murphy.
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SELL YOUR HOUSE
Get in touch with The Estate Agency Company. We are a Glasgow based hybrid estate agent with many years of successful property sales throughout the city, west and suburbs
UPGRADE YOUR KITCHEN
A minor kitchen remodel offers a high likelihood of recouping the investment, found the 2018 Cost vs. Value report by Remodeling Magazine. The most important kitchen features for homebuyers include new kitchen appliances and an eat-in arrangement, according to the 2013 Home Feature Preference NAR report. Granite countertops and stainless steel kitchen appliances also ranked high.
A coat of glossy, white paint can also liven up a dark kitchen or dated wood cabinets — so can inexpensive new flooring options, like tile or bamboo.
UPGRADE YOUR BATHROOM
“A bathroom renovation is costly and time-consuming but, when done right, can make our lives so much better,” said Sharn Kandola, co-founder of feeDuck, a site that connects you with estate agents. “What could be more attractive to a potential buyer?”
Still, mid-range bathroom remodels have increased in price, up 3.8%, according to the Cost vs. Value Report. To mitigate costs while enhancing impact, Kandola suggests smaller, less expensive updates like cabinet refacing, hardware replacement and new light fixture installation.
CREATE A DIGITAL HOME HISTORY
Buyers today seek homes that are move-in ready and well-maintained. Online services, like HomeInventory, allow a seller to create an online digital footprint that details a home’s maintenance records, floor plans, warranty documents and more. If you have properly maintained your home, an online digital footprint can enable you to showcase your efforts while allowing potential buyers to fully appreciate the home’s maintenance history.
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