What if we told you that whilst preparing your home for that lucrative sale, we have found some ways that you can save money?
We have compiled a list of some real estate industry tips to help you get your home buyer-ready whilst also increasing your asking price without breaking the bank.
Experts say curb appeal improvements can increase a home’s value by up to 20% and thus will also greatly increase your chances of a sale. The first impression a buyer has of your home is often your yard, and, if neglected, you could be seriously damaging your chances of a sale. Luckily, with some elbow grease and a little DIY know-how, improving your curb appeal does not have to cost you several arms and legs.
Here is what you can do:
- Tidy up and clean your yard, removing any form of debris.
- Clean your exterior walls, windows pathways and driveways and ensure there is no weather wear visible (Power Washing is an effective way of exterior cleaning).
- Ensure your lawn, plants and trees are neatly trimmed and show no signs of overgrowth.
- Switching out your housing numbers with new ones, replacing exterior lighting fixtures and removing clutter, can have your home looking fresh and new in no time.
Adding that ‘Je ne sais quoi’ to your front entryway
First impressions do not always end at the curb – all your efforts sprucing up your yard could be undone if your entryway is more deterring than welcoming. Small things like ensuring your doorbell works, sweeping up, fixing and replacing anything that’s broken or weathered will make a world of difference and make any prospective buyer feel more welcome in what could be their future home.
Declutter, De-Personalise… Declutter Again!
Buyers want to envision their belongings in your home and the best way to help them achieve this is by clearing and tidying your soon to be former space so that they can picture their future space. Keep away all unnecessary items whereas essential items can be packed into small boxes and placed in a closet when not in use. It could also be an effective way to start packing for the eventual move. Potential homebuyers will want to check storage space in the house. Make sure that the buyer can appreciate the amount of storage available in cabinets and closets in the kitchen and bedrooms so ensure that you have packed up properly. Keep in mind that having everything organized to the last detail will portray a homeowner that has taken care of their house.
Remember, although decluttering and de-personalising are similar, they do share different sentiments.
Decluttering simply reduces the amount of stuff sitting around so that it’s less of a distraction for prospective buyers.
De-personalising takes decluttering one step further and removes all personal items that put the focus on you, rather than your house.
How to Save Money:
That’s simple, sell your unused and unwanted things in the interim.
Fixing the Small Things
A very common misconception amongst sellers is that once your home is on the market, you can now breathe a sigh of relief as all the maintenance and repair work you had planned is no longer your issue.
Not So Fast.
We are not referring to those massive expansions and renovation plans you had in mind, but every minor repair left undone will result in a big ‘X’ next to your name in a prospective buyer’s mind. Having these fixes already in place will lower the chance of prospective buyers finding faults and thus possibly submitting a lower offer or even losing interest entirely.
We have compiled a mini list of must-fixes if you are looking at selling:
- Electrical issues like a faulty outlet, damaged light fixtures and loose or frayed wiring can be huge eyesores.
- Roof issues such as leaks, water damage, damaged finishes and even missing or damaged tiles, ceiling boards etc. need to be fixed ASAP as they can lead to bigger problems and are very noticeable to inspectors and prospective buyers.
- A more inexpensive but very important fix is unclogging and fixing drainage and gutter systems.
- General fixes such as peeling/chipped paint, squeaky doors, cracked tiles and poor upkeep, in general, may seem minor but signal to potential buyers that your home has not been well maintained.
- Plumbing issues such as clogging of drains, leaking taps broken seals and any visible mould or water damage.
How Do You Save Money?
Instead of hiring specialists for each of these issues, a simple handyman often has the required resources and skillset to complete these simple tasks and often at a fraction of the cost.
Deep clean here, there & EVERYWHERE
Cleaning does not often cost much as many of the cleaning activities can be done yourself. A deep cleaning goes beyond vacuuming and dusting. Deep cleaning involves every aspect of your home from carpets to curtains, floors to ceilings. A clean home will give the impression that the house has been well looked after and maintained and with thus put a prospective buyer’s mind at ease allowing them to enjoy the house instead of being distracted and deterred by dirt and grime.
You get a paint job, you get a paint job, every room gets a paint job ….
…okay maybe not every room requires a paint job but a fresh lick of paint in the right places can work wonders for the aesthetics of your home. Often, a fresh coat of paint makes a lived-in home feel new and fresh. It is a good idea to use neutral colours such as your whites, tans and greys when repainting as this allows potential buyers to visualise and focus on the spaces themselves. Neutral colours are also more widely accepted than distinct and bold colour choices, so even though you adore your shocking orange lounge, not many other people will share this sentiment with you.
How do you save money?
Instead of getting people in to paint your home, simply paint it yourself.
Staging your home can cost you absolutely nothing except time and elbow grease. Staging your home is the act of setting and changing your home layout to appeal to the highest number of prospective clients as possible, to achieve a swift sale at hopefully higher prices. Staging your home can include rearranging furniture layouts to make rooms appear larger, changing lights from cool to warm white to give the home a warmer and homely feel, ensuring curtains and blinds are open to allow the maximum amount of natural light in and adding extras like fresh flowers in vases, a bowl of fruit in the kitchen and folded towels in the bathrooms.
All these actions help your prospective buyer envisage themselves in your home and what their life would be like there.