Return on investment (ROI) is likely at the forefront of your concerns when it is time to sell. Even if your home is seemingly outdated, there are a number of ways you can boost the value of your space to make it more appealing to buyers. As your real estate expert for Yaletown condos, here are six ways I believe you can boost your ROI when selling.
Bump Up Curb Appeal
More often than not, the first thing a potential buyer is going to see is an exterior shot of your home. In order to make a great first impression, you can improve your home’s curb appeal. This can include: ridding your yard of any unsightly weeds, planting new flowers, trimming back hedges, repainting the door and shutters – anything to give your home a fresh and inviting look.
Paint Walls a Neutral Color
When buyers view the inside of your home, they need to envision themselves living there. While you may love that bright yellow color for the kitchen, or that deep red for the master bath, potential buyers may not have the same aesthetic taste. You can instead play it safe by giving the interior of your home a once-over with a neutral color. It’s an inexpensive way to greatly boost your ROI.
Invest in a New Roof
Not only is having a new roof installed a costly venture, but it can also be a major hassle. Most buyers are not looking for a home that’s going to need reno on moving day, so it can be smart to have a new roof put on if your existing one lacks something to be desired. Having a new roof can also be a major selling point when listing your house on the market.
Consider Your Appliances
Updating the kitchen entirely can be expensive and oftentimes unnecessary. One surefire way to give your ROI a little nudge without having to gut and redo the whole kitchen is investing in new appliances. A new fridge, stovetop and dishwasher can go a long way when showing the space to potential buyers.
Update Flooring
The latest trend in flooring is hardwood floors, thanks to their sheer beauty and durability. If you already have hardwoods in your home, having them professionally cleaned before you list your property can give them a like-new shine. For those of you who have carpeting in your home, be honest about the condition of the flooring. Does it need to be replaced? If so, having new carpeting put in could be better for your ROI.
Work with a Realtor
Of course, one of the best ways to increase your ROI is to work with a professional realtor. With the experience and knowledge needed to efficiently sell a home, your expert real estate agent will be able to ask for the most that your home is worth. By following their advice when putting your home on the market, your listing price may be much higher than it would if you were trying to go it alone.
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