When
it comes to selling property, most sellers want one thing more than anything
else—value. Whether you’re moving to a new home because you’re moving to a
larger space, downsizing, or simply ready for a change, it’s almost always
possible to maximize your return on investment if you are committed to the
idea. Getting the best return almost invariably doesn’t occur by accident. It
takes a plan, sound choices, and an understanding of buyer perceptions.
The
good news is that you don’t have to have secret insider tricks or do extensive
renovating to achieve lasting effects. You can enhance a property's allurement
and generate the kinds of competition leading to higher offers with a few
honest, focused efforts. The following nine strategies may help you to obtain
the greatest possible return from your property.
The
first thing prospective buyers will see is the exterior of your property. From
the driveway to the landscape, the curb appeal provides the first impression. A
freshly-painted door, trimmed lawn, and cleaned windows seem small, but they
create an inviting appearance. Look at it this way: if the exterior looks
run-down, the buyers will think the interior is the same.
Easy
upgrades including new lighting, fresh potted plants, or power washing the
exterior can help create a welcoming property—and that enhances perceived
value.
One
of the easiest methods of increasing the value without spending a dollar is
decluttering. Spaces with items overflowing from every surface or cluttered
shelves can make the whole area feel less usable and smaller than it is. By
removing unwanted items or items for sale, buyers will engage and be able to
picture themselves living there.
Minimalism
plays in here—less is more. Neutral arrangements promote a sense of space and
calmness that attract nearly all potential buyers. This goes a long way in
maximally using space. If you can’t remove everything, renting a storage unit
for a month or two just might keep your home feeling streamlined.
Before
the listing, walk through your property and be critical. Look for leaky
faucets, loose handles, squeaking doors, chipped paint, etc... These all may
seem small, but they leave the impression of neglect. By fixing these small
things it shows potential buyers that your property has some love and care put
into it, and it puts them at ease knowing that they won't inherit a long list
of repairs after purchase.
Most
potential buyers will equate these small fixables with larger potential
underlying issues as well, so addressing these small fixes also allows them to
trust you and feel confident when making an offer.
A
full renovation is not always going to be feasible financially, however making
selective upgrades can greatly improve your value. One of your highest impact
areas is your kitchen and bathrooms. Things as simple as new fixtures, cabinet
pulls and light fixtures can level up the current look of your space without
breaking the bank.
Energy-efficient
upgrades are also attractive to today's buyers, such as LED lighting, smart
thermostats, and insulated windows. They save money, show more marketability
and position the property for the future.
Home
staging is not simply decorating. It's
telling a story. The goal of staging is to have every room look functional and
inviting. This may require changing furniture around to show there is space,
neutral colors to appeal to the masses, or a touch of flowers.
Research
shows that when a home is staged, it will sell faster for more money. Buyers
don't just buy a house; they buy a lifestyle. Staging allows the buyers to
visualize how the property could fit into their own life.
In
today’s digital-first world, many buyers begin their search online. This means
that the photographs of your property are often the first point of contact.
Regardless of how beautiful the property is in real life, a few poor-quality
images can instantly deter interest.
A
professional photographer will pay attention to lighting, angles, and detail.
Great images attract attention, encourage more viewings and create more
competition between buyers.
Markets
change, and listing at the right time can make a real difference. For instance,
spring and early summer are typically considered peak selling seasons, because
families prefer to move before a new school year begins. You may have local
trends that differ from the average though.
Research
your area, consult local professionals and be aware of demand cycles. When you
list at times of high demand, it is simply harder for buyers to ignore it as
they are competing for your home, which will
help you achieve greater value.
At a
stage of our process, you’ll run into people that want to buy a home but fear
overpaying. Knowing this psychology will help you position your property
better.
For
example, as I mentioned earlier we can find a price point just below market
value that generates more interest around your property. More interest around
the property could lead to bidding wars. This is also relevant as we present
each property. You could also add flexibility in viewings, practice
responsiveness and stay active during the conversation. They will feel
comfortable to make a heavier offer, or possibly go over they have budgeted.
The
point is all about balance, do not undervalue your property but also do not
overprice it and let it sit on the market losing value and interest.
From
the preparation phase to finalizing the sale, there are many people behind a
successful sale helping to make sure the process goes smoothly. Legal
paperwork, negotiations and other expectations can be overwhelming and having
professional assistance can make all the difference.
Many
people choose to go through the sales process on their own but statistics show
that the amount of time saved by working with professionals reduces stress and
many times increases final sale price. The right real estate agent, home
inspection and financial services will support your ability to achieve the most
positive outcome. Additionally, even if you sell your property, good property management support will maintain value in the fabric of ownership
and produce consistent income if you choose to rent.
Getting
the best value for your property is not just circumstantial—you can't rely on
luck. It's all about putting together the right plan and making the right
decisions. If you consider things like curb appeal, small repairs, selective
renovations and staging, you can make your property more appealing to potential
buyers. Pair that with professional photography, timing the market, and
understanding buyer psychology and you're going to be presenting your property
in the best possible light.
And
most importantly, the right support from real estate professionals, or even
quality property managers, can make all the difference in the process, and in
your results. The nine secrets outlined in this article better position you to
maximise the potential of your property, and surely achieve the return it
deserves.