If you intend to sell your house, the odds are good you’d also like to increase the value of your home first. It can take some doing but if you select the right changes to make, you can increase its value disproportionately to what you spend.
As a Cincinnati premier listing realtor, the Duffy Team has some expert advice to help you get started. Before you post any houses for sale in Cincinnati (or anywhere) check out the tips below.
Tip #1: More Space, More Value
When it comes to real estate, more space means more value. It’s a consistent factor in home valuation, whereas some of the other traits we discuss today will be more buyer-dependent.
Listing agents in Cincinnati and other cities love spacious properties as they’re easy to sell. In fact, space sells well anywhere; it’s a common feature almost any homebuyer will love to see.
What makes space so desirable is it is versatile. More space can mean more storage but it also might be used to display art, set up electronics, or any number of other things.
Entire extra rooms open a world of possibilities to buyers and, by extension, can add big value to a home.
Tip #2: Install Smart Technology
Over 30 percent of homebuyers have a desire for their next home to have smart technology pre-installed, according to at least one survey.
A majority of buyers at least have an interest in the technology, according to that same survey. Of the most desired items, smart thermostats, fire detectors, and carbon monoxide detectors top the list.
Smart technology helps to give the impression that a home is at the cutting edge of modern technology. The more modern a home feels, the better an impression most buyers are going to have.
This is yet another affordable way to upgrade a home that translates to a disproportionate boost in value. There is a mystique around this sort of technology and many people haven’t grown up interacting with it.
While many sellers are intimidated at the concept of installing smart technology into a home, it is much easier than it seems. In fact, the technology tends to be designed for both ease of installation and ease of use.
Tip #3: Hire a Good Agent
Finding a good real estate agent is important when it comes to selling a home for reasons beyond convenience. Fair or not, a good agent can often get you more for your home than you’d be able to on your own.
Put simply, an expert real estate agent is probably a better negotiator than you and is almost certainly better at finding buyers. They’ve sold dozens or more homes, whereas, at least for most sellers, this may be your first or second sale.
If you’re looking for real estate agents in Cincinnati and elsewhere, check out our advice on the matter. At a basic level, you want to find an agent who has proven themselves and who can keep a level head during negotiations.
Most sales of real estate in Cincinnati are going to involve a real estate agent anywhere and that’s true of almost everywhere else in the United States. You may as well choose an agent who could net you tens of thousands or more extra on your sale.
Tip #4: Go Clean and Unobtrusive
Most people looking to buy a home aren’t going to have the same sense of style as a given seller. Everyone is unique and the way a person wants their home to look is highly personal.
That’s why it’s a major risk for a seller to have their home full of “loud” furniture, art, and various accouterments while they’re selling. It can put buyers off, even if they otherwise had wanted the home.
Remember, no buyer is perfectly logical. It can be hard to see the potential of a space behind any sort of decorations, even if they’ll be gone by the time the buyer moves in. A more neutral approach is often a better option.
As a rule, you want a space to look clean and easily customizable to a buyer’s tastes whenever possible. Furnishing can be fine or even help them imagine the potential of a space but should be simple and unobtrusive.
Ideally, you will want your home to look staged not unlike a home magazine. If you ever look at homes in those magazines, one will note that they do have a style but it’s often a very safe one with very broad appeal.
Tip #5: Show a Home’s Potential
A point we’ve touched on a bit throughout these articles is that buyers like to see how they can guide a space more towards their tastes. In short, they want to see potential.
If a seller can illustrate a space has the ability to “grow” in a direction a given buyer is interested in, be that direction internal renovations, installing a new outdoor feature, or anything else, their perceived value of the home grows.
This can also help you to basically sell an idea, even if you can’t afford to act on that idea. For example, illustrating a space that might be good for a pool can make a property seem more valuable even if you can’t install a pool at this time for financial reasons.
This all may seem dishonest but it’s what many buyers are looking for. They want to make a home their own. The easier it is to do, the more valuable the home is to most people.
Increase the Value of Your Home Today
With the above tips in mind, you can increase the value of your home beyond the time and money these ideas will require of you.
Don’t forget, there are whole industries around making homes more valuable than what one puts into them. It isn’t beyond any seller to put some time and money into a piece of real estate to really make it shine.
If you’d like help selling a home in the Cincinnati area, we can help. Our team can estimate the value of your home and help you implement much of the above advice and more. If you’re interested, contact us today!