The property market is supremely competitive, and many great ways of financing a home loan are now available for potential buyers. Are you in the marker for a property? The best place to start would be a Home Loan Calculator which helps you establish how much you can potentially borrow. Once you know your limits and have found the perfect property use a mortgage calculator to see what your repayments will be. Ok, so you own a home already and are looking to sell? If your home hit the auction blocks right now, how much do you think it would sell for? A home’s sell price depends on a few factors, many of which are out of the owner’s control. Location for example, the most important aspect of a home’s value cannot be changed or influenced. However, there are cost effective additions and changes you can add value to your home.
Don’t worry, we are professionals
The nuances of real estate are often overlooked, and people’s perceptions and expectations are fickle and distorted. What am I talking about? I am talking about perceived value. If you are buying a home the first place you might start is a real estate website. The property with 40 stunning photographs is going to stand out. The property with 4 dank cell-phone photos maybe a gem in real life, but the initial impressions are going to distract from its value. Add value and interest by getting a professional to photograph the home. Some photographers even offer drone photography and for the bold and well-heeled, virtual reality walk throughs. Yes, I know, not exactly DIY, but the price of the photo package will be worth it if you can attract more buyers to your house.
We know that first impressions are very important. On inspection of the home, potential buyer’s first impressions will not be as they open the front door. Instead it will be approaching the house from the street. Your homes “curb side” appeal has a huge influence on your home’s value. Many things can be done cheaply to increase this appeal. According to cost-return reports by bankrate.com, replacing a garage door is on the top of the list of renovations that add value. Replacing the front door also ranks highly. Adding a garden or improving your front yard if you have one is also a brilliant way of increasing curb side appeal. A fresh coast of exterior paint will change the way your home presents itself. With the market being so completive, a lot of sales are made and lost before the potential buyers has walked through the front door.
Keep it tidy
If I may go back to perceived value for a moment, it’s truly mind blowing how much perceived value can be lost in an instant. A particularly fastidious potential buyer may see a story dog hair and make the connection (real or not) that this home has played host to rough and dirty pets. A clean space declutters the mind and it’s easier for people to think calmly and feel more relaxed in a neat and tidy area. A good and thorough clean will cost you next to nothing and add value to your home.
Maximising your homes potential doesn’t have to cost an arm and a leg. By utilising some simple and cost-effective hacks you can make your home stand out from the crowd and add real value, before you put your home up for sale or rent, make sure you do everything in your power to prepare your home. The time and effort spent will translate to higher returns in rent rates or sell price.
To read more on topics like this, check out the house category.