Aug 11, 2015

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How to Maximize the Price of Your Home When Selling

When you decide to sell your property, you will want to achieve the highest price possible for the sale of your home. There are some very simple steps you can take to maximize the profit you will make from selling your property. Here are some tips for achieving a decent price when selling your home in Beverly Hills.

Speak to Your Agent

Your estate agent will know all about the market in your area, what people are looking for in a property and what people find off-putting. Therefore, it makes sense that in the early stages of selling your home, preferably before it even goes on the market, you speak to your agent for advice about ways you can maximize the selling price of your home. They can take a detached and critical view of your home that you are unlikely to be able to do yourself. It is well worth taking their advice.

First Impressions Count

When people are buying a house, they have often made a decision about whether they are interested in buying and whether they think the property is worth the asking price before they have even stepped inside the house. This decision is entirely based on its appeal and the exterior appearance of your property. Spend some time tidying the garden, removing any clutter from the outside and giving the walls and window frames a lick of paint if necessary. If the house is not appealing from the outside, a potential buyer will immediately start lowering the price they are willing to pay for your property.


Neutralize the Property

Your personal tastes may be for chintzy wallpaper or bold paint. However, a potential buyer needs to be able to imagine themselves living in the house and adding their own personality to the space. It is much easier for them to imagine this in a neutral space. Similarly, remove any clutter and personal belongings from the room. An added advantage of neutralizing the space and depersonalizing it is that it gives the impression that rooms are much larger and brighter than they actually are. If a buyer perceives a large and bright space, it is more likely they will offer close to the asking price of the house. On the other hand, dark, small and cluttered rooms will make buyers believe they are not getting value for money and want to knock as much as possible off the asking price.

Kitchens and Bathrooms

Kitchens and bathrooms are the two rooms that sell homes. Take a critical look at these two rooms in your home and consider whether they are up to scratch or not. If your bathroom suite and kitchen units are really outdated, it is even worth pricing up the cost of replacing both and finding out how much value it will add to your home. If the increase in value is significantly higher than the cost of updating these rooms, it is definitely an option to think about. If your budget does not allow for such major refurbishments to your home prior to selling, then there are still ways you can improve these two rooms. Firstly, make sure both are clean, tidy and clutter free before each viewing. In the bathroom, check for problems with grouting in the tiles and the sealant around the suite. In the kitchen, consider replacing damaged doors or worktops rather than all the units. Make sure that the flooring is practical in these rooms.

Check for Minor Problems

Potential buyers will go round your house at a viewing looking for minor problems that need sorting. They will take these into consideration when they make an offer. If they believe that there is a lot of work that needs to be done to the house to get it to a decent standard, they could potentially make a very low offer on your home. Many of the problems that buyers identify are things that can be easily fixed yourself. If you sort them out prior to viewings, buyers will have less to criticize and will pay a higher price for your home. Look for things like cracked tiles, creaky doors, chipped paintwork, torn flooring and any other general disrepair around your home. If you do not have the skills to do these simple tasks yourself, it should not cost too much money to get a handyman in to do the jobs on your behalf.

By taking these simple steps, you are giving buyers who view your home a good impression and making your home an appealing place. The less they have to criticize about your property, the higher the price they will be willing to pay. Therefore, it is worth taking the time to make these improvements to maximize the price of your home before selling.

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