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. This is especially important if you’re moving soon. Here are some ways to be sure your home is a contender in the housing market.
Fix It Up
The first step in making your home attractive to buyers is to be sure everything is working and looking as it should. Any problem areas should be addressed before putting your home on the market. If there are outdated leaky faucets in bathrooms; change them. This is a small and easy fix that you can do yourself. Other small things like missing trim, worn carpet, stained walls, are all red flags to a potential home buyer. Any questionable areas will play a big part in the offer they make.
When a potential buyer is going through a property to buy, they are calculating how much they are going to have to spend to correct any areas that need attention. You can expect them to shave money off of your asking price to cover these costs. The key is to present a property that buyers will be anxious to purchase. Make your home physically attractive as well as fiscally attractive.
If you have walls that are in need of drywall repair or that have paint that is stained or weathered you definitely need to consider repainting the walls to make them look fresh and new. This is also true if you have rooms painted in non-traditional colors. You may love that orange accent wall in your guest room but it’s likely a potential home buyer may not. Go neutral so any décor will fit in flawlessly.
Up 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.
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. To improve the energy efficiency, 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.
Making sure your home stands out among all others on the market it key to selling quickly. Get your home ready to sell for the highest price possibly by following the tips we’ve mentioned.