Unlike other industries, the housing market has fared particularly well over the past few years. Incredibly, the average house price surged since the pandemic, hitting the peak increase of 19.3 percent in July 2021, despite the fact that most adults were more budget-conscious than ever before.
These figures may seem like good news if you are considering selling your home, but it’s still a good idea to make your home stand out from the others. The market is actually slowing down a bit, so you want your home to be as appealing as possibly if you’re putting it on the market. Here are some ways to be sure your home is a contender in the housing market.
Don’t neglect home maintenance
Regular home maintenance is not the most sexy part of home ownership; but if you want to maintain the value of your home, it’s a must. Keep up with those pesky home maintenance tasks like cleaning the gutters, paint touch up, and fixing small things like leaky faucets. Everything that keeps your home in tip top shape goes to the overall value of the home.
Increase perceived square footage
You don’t have to build an addition to your home to increase the feel of your square footage. By adding a patio or deck right up against your house, gives the feeling of expansion. The addition of sliding glass doors or patio doors enhance this feeling. Adding an awning or cover really is a must if you want to really maximize the illusion of extra space.
According to a recent study, 76% of potential buyers view a patio as a highly attractive addition to any home. That’s almost everyone so it’s not something you should ignore. In fact, outdoor improvements can add up to 20% to the value of your home. You should also take this as an opportunity to freshen up your garden and landscaping in your outdoor areas.
Improve your curb appeal
The first and simplest step to sprucing up your curb appeal is to simply get your yard cleaned up. Clearing what can be perceived as junk out of your yard is a great place to start. People want a lovely yard that’s covered in grass. Tossing scraps of wood or other building materials on the side of the yard is a sure way of making the lawn look junky. There are several ways to enhance the curb appeal of the house through landscaping. Pull the weeds from your landscape beds. If the mulch in the beds is old and faded, replace it. Clean mulch brings a feeling of attention to detail. Don’t skimp there.
Curb appeal extends from your lawn up to the exterior of your home. Think about making a dramatic entry way with a bold front door color. Just be sure it compliments the other colors around your home’s exterior. A fresh coat of paint can go a long way in freshening up the exterior of your home, with a recent study revealing that nearly a third of buyers would pay 25% more for a freshly painted home.
Remember; buyers want properties that are large and not cramped. Decluttering is the most important step in freeing up space and lessening the cramped feeling your home may give. You may have a bad habit of holding onto things that you never use. Go from room to room getting rid of things like old magazines and newspapers as well as old books that you’ve read and don’t intend to re-read.
You may have lots of worn out pillows or blankets that find their way into your living space and never make it out. If you want to keep them in the room for the sake of comfort, find a tall, narrow storage basket to place them in. Fold them neatly to maximize the space in the storage container. Place the container in an out of the way place like a corner or behind a piece of furniture. All of these things make your home more livable and will, in turn, help sell your property
Make use of that basement or attic space
Many homeowners use basements and attics as glorified storage units – a place to keep seasonal decorations or suitcases. However, in doing so, you may be limiting the value of your property considerably. After all, sizable basements and attics can easily be turned into functioning rooms in your home.
If you work from home or run your own business, the basement can easily be transformed into an effective home office. Home offices are attractive to a variety of people as many have permanently begun to work from home. This is more than bonus space; it’s a necessity
Make it energy efficient
Having a home that is energy efficient is of great importance to today’s home buyers. It will take an investment on your part but will pay off when you decide to sell. Adding energy efficient insulated windows are one of the things home buyers look for. Heat or cold flowing into your home through old windows cause those energy bills to skyrocket.
The same applies to you HVAC systems. Having heating or air conditioning that has to run continually to heat or cool the home is devastating to home budgets. Replace these units with today’s more energy efficient units. Adding smart thermostats are also a good investment.
Keep these things in mind when you are thinking about selling your home to make your home a contender in the housing market.