Are you planning on selling your home soon? In the house sale, you ought to get the best deal as much as possible. An ideal way to do this is to increase your property’s value.
Your residential property’s value is its worth based on its current condition. Real estate experts in Canada advise on increasing your home’s value before selling.
To ramp up your home value before a real estate sale, check out the following:
Table of contents
1. Conduct An Assessment
A home assessment is a crucial step before proceeding with a house sale. It helps you identify the aspects that are lowering your home’s value. You also get an idea of the scope of improvement works involved, which helps you prepare financially.
During the assessment, be on the lookout for damages like peeling paint, leaking plumbing pipes, and other elements that require repair. The inspection should be thorough in order to not miss out on something that’ll affect the subsequent sale price.
It’d help to work with an expert like a Coquitlam realtor in British Columbia and nearby. They’ll work with a licensed inspector to thoroughly examine your house and come up with an inspection report.
2. Elevate Your Outdoor Space
Unfortunately, most homeowners tend to neglect their outdoor spaces as they improve their indoors. Before selling your home, ensure your home’s exterior quality matches its interior. Remember, the outdoor space is what a potential buyer will first see before they go indoors.
To impress prospective buyers, elevate your front yard by manicuring the lawn to bring out its lush green. Ensure it’s trimmed professionally for a uniform look. It’d help to add some bright flowers to break the monotony of the green lawn too.
A deck with a seating area will add to your front yard’s beauty as well. For the backyard, consider adding seating spaces to create a relaxing ambiance. You can build a pergola or have a fire pit, among other options.
3. Wrap Up Works On Unfinished Spaces
When planning to sell, finishing barren spaces in your house is crucial. Potential buyer may see these spaces as a burden since they have to finish them themselves. It’ll cost them more money, in addition to what they’ll pay for the house.
In most cases, the spaces left bare are the garage and basement. Luckily, you can turn the basement into a functional space like a guest bedroom, an entertainment room, or a playing area. It’ll add to your home’s square footage and increase its value. For the garage, clear the area and allow enough space for parking. Consider adding storage shelves too.
4. Expand The Space In Your Home
In most cases, a home with too many partitions looks small and cramped. Both are attributes that might put off a potential buyer. Further, small spaces create an illusion of congestion and bring about a whole array of negative emotions.
One way to expand your home is eliminating non-load-bearing walls, especially in communal spaces like the kitchen, dining, and living room. It’s important to note that expansion can be done by creating an illusion of a large space.
Plus, create an illusion of a large space by painting the interior walls with light colors like white, cream, or light grey. Lastly, add as much natural lighting as possible through large windows.
5. Upgrade Your Appliances
If you’re selling your home furnished, upgrading your current appliances and home gadgets can increase your property’s value.
Mainly, upgrades in kitchen and bathroom appliances drive up sale prices. They include the microwave, dishwasher, cooker, refrigerator, bathroom sinks, and shower, among others. New appliances showcase your home as a modern and elegant living space which increases its value.
6. Practice Energy Efficiency At Home
Energy efficiency increases your home’s value since it reduces the energy bills for the new homeowner. Home energy efficiency involves achieving both thermal and sound insulation.
For thermal insulation, double or triple-glaze your windows to minimize heat loss. The result is the reduced need to turn on the AC (Air Conditioning Unit) or heater. More power consumption translates to higher energy bills.
Being energy efficient also extends to the appliances in your home. Make sure that they’re star-rated. Just like the AC, energy-efficient appliances will use less power to run. Look for the appliance’s star ratings for they’re often indicated on the appliance. The more stars it has, the more energy-efficient it is.
On the other hand, sound insulation is ideal if you live in a noisy neighborhood. It could be next to a busy road, or a school. Consider glazing and insulation to aid in sound insulation. The thicker the building envelope is, the better sound insulation you’ll achieve.
Conclusion
The discussion above has established that increasing your house’s value increases the chances of getting the best deal from the sale of your home. It has further guided on ways to improve your home’s value before selling. Consider implementing this insight when elevating your home as you prepare for a sale.