If you’ve thought about selling your home, you’ve probably also thought about what you could get for it. At Reach Realty, our goal is to get homeowners the top price possible for their property. There are numerous aspects of your place that could raise its value, but there are just as many factors that might be bringing it down. Here are some of the reasons your home might not get the price you’re thinking it should.
Arguably the most crucial element affecting any home’s value is its location. Lack of surrounding establishments that offer goods, services, activities, or amenities is only one of many factors that might contribute to a lower price tag. Access to transportation or highways is key as long commutes are often undesirable. On the other hand, having a home that is too close to a highway, or commercial spaces, or another location can decrease its value. It’s also wise to consider your proximity to schools and understand how they are regarded since a potential family moving in will be thinking the same. Watch out for any nearby foreclosures in your neighbourhood as that can impact your property’s value as well.
It may be the case that your home has lost its appeal due to either its style or its function. If it’s financially possible, try to install or upgrade a few features in and around the property – specifically the Kitchen or Bathroom. Ensuring the landscaping and outdoor aesthetic is eye-pleasing also goes a long way as a well-maintained property indicates an equally well-maintained home. That being said, avoid over-upgrading your home because buyers tend to notice when there is a clear contrast between rooms. Having a real estate agent with a design background can help since they see properties every day and have an eye for details and the latest trends.
The price tag on your home can be significantly increased with a little elbow work. If major renovations and upgrades aren’t an option, ensuring that your property is in order is a great way to go. Buyers associate a well-maintained home with one that is its cleanest so don’t be afraid to move some of the furniture to scrub and polish your entire place. Remember that people also begin shopping from the outside so a great view through a squeaky-clean window could be the reason they decide to step in to see the rest.
Being mindful of these steps and taking action will encourage more potential buyers to look further into purchasing your home and motivate them to make the offer of your dreams.
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