Your home is your castle, but sometimes, you need a bigger, better castle. You may have loved your current home, but there may come a time when you need to move up and move on. Selling your home and buying a new one can be a stressful thing to do though. And one of your primary concerns will be around how much profit if any, you make on your current property.
You may have been lucky and got your home for a bargain. If you bought it during a downturn, then you might do well from a sale when house prices are higher. You may have purchased it knowing that it needed work, and saved money by doing the work yourself. If you’ve got guaranteed profits, then selling up may be a good move for you.
If, however, your home has not risen in value, or you are in negative equity, you may want to consider doing some work to the property ahead of making the sale. It is important to note, though, that the cost of any work that you get carried out, should not be greater than the additional profit than you will make from the sale. Make sure you keep everything economical.
Curb appeal is significant when it comes to attracting a buyer for your home. If you want to attract passing interest from the street, or you want the opening shot of your marketing material to stand out- you should look at repainting, or whitewashing, the exterior of your home. Make sure you include any wooden window ledges, and door frames too.
Again, as the first thing your new buyers will see is your front doors, you should look at changing these and having something inviting, and fresh. You only get one chance to create a great first impression.
Paint all of your interiors white. This will give the illusion that there is lots of space. Buyers love to see a home as a blank canvas that they can make their own. Help them out by making sure there is a little of your character stamped on it when they come to view it.
Put Your Possessions Into Storage
You will want to create space in your home, and if you have items of furniture or lots of belongings, then you may want to consider packing them up ready to move out. Either see if you know anyone who can look after them, or put them into storage until you are prepared to move.
Create More Square Footage
The value of your home is partly based on its floor space. If you can add to this, then you will be able to add a substantial percentage to the sale price. The best way to do this is to convert your attic space if you haven’t already done so. You can make an additional bedroom in your loft.
If you have a basement, you could convert this into a utility room or a games room. Making the space more habitable will definitely add value to the home.
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