The housing market is slowly and steadily on the rise again. While there will likely be no severe improvement in the near future, houses are being sold on a more consistent basis. This in no way guarantees that you will be able to sell your home quickly or even at all. However, making small improvements to your home not only increases the value of your home, but can also drastically increase its marketability. In the long run, if you are looking to sell your home, it is important to make your home stand out. Unique aspects, incredible features, and a “new” feel can make your home move much more quickly.
With so many homes on the market, and so few homes selling quickly, if you are able to make your home a hot commodity you will not only sell your home more quickly, but also increase the amount for which you sell it at.
When one is looking to increase the marketability of their home, there are several areas which you can invest in that can make the largest difference. Again, these areas can not only decrease the time your home spends on the market, but will also increase the overall value of your home.
Everyone wants a house with curb appeal. Potential buyers will formulate their initial “feel” for a house before even walking in the door. Landscaping, done well, can make a home feel much more valuable and much more welcoming. A small investment, in ensuring that the exterior of your home looks attractive and inviting, can pay back dividends when it brings about a quick sale.
Paint can drastically change the look and feel of a home. Regardless of whether it is interior or exterior of your home, adding a fresh layer of paint to the exterior and interior of the house can drastically improve its marketability. As mentioned before, a home’s curb appeal can drastically influence potential buyers. Along with this, fresh paint on the interior not only can make a room more contemporary and unique, but it can also cover up small superficial blemishes that can drive down value. This simple step is fairly inexpensive and can greatly affect the marketability and price of a particular unit.
New carpet can be quite an investment; while it may not be financially feasible to add new carpet throughout your entire house, adding it to a few rooms can make a huge impace. Everyone loves the feel of new carpet under their toes. Adding new carpet makes a room feel brand new. If a homebuyer feels this, they are much more likely to submit an offer.
Everyone loves new appliances. Having something that is state of the art can be the tipping point for potential buyers. Outdated appliances can make a home feel old and cheap. While this is a more expensive improvement, new appliances can make a kitchen feel “state of the art” and make the entire home feel younger.
Outdoor Living Feature
All home buyers are looking for the same thing: a secluded, safe, place where they relax and feel completely at ease. No feature can provide a contented feeling better than outdoor living feature. Whether it is a fire pit, outdoor fireplace, or pool, an outdoor living area can also drastically improve the marketability of your home.
Along with greater marketability, outdoor living areas can have a drastic impact on your home value. It is commonly stated that by adding an outdoor feature, the value of a home increases by double the amount invested. There are few other areas of the home that have this large of an impact.
By implementing any or all of these tips into your home you not only will be able to market your home more easily, and hopefully sell sooner, but you will also be able to, simply, enjoy your home more. All of these tips are beneficial in making a home more marketable because they increase the overall enjoyment one can gain from their home. Who knows, maybe these updates will make you love your home so much, you won’t even want to sell anymore!