Everyone loves a good deal in real estate. We all like to think we are getting maximum “bang for our buck” and a positive return on our investment.
Potential buyers of your home will definitely be looking for that value. By enhancing the property’s perceived worth you will attract more genuine buyers and move your home off the market sooner.
The price and value of your home are two different things. The price is what you would like to receive in an ideal world. Value is wholly subjective. It is open to personal opinion right up until the hammer comes down. Many elements affect perceived value including location, size, layout, quality of workmanship, as well as the aesthetics.
There are several elements that cannot be changed, but many that can. A great starting point is improving the overall condition of your house. If there is any unfinished maintenance or building works be sure to complete these jobs before your first open for inspection.
The real key to perceived value is often in the finer details. The front of the house, for example, needs to be immaculate. It’s true that an attractive entry point sets the standard for the rest of the house. Dressing up the front porch can be as simple as a flowering plant in a large striking pot.
Inside, the standard real estate rule is to create the illusion of maximum space. Remove unnecessary furniture and clutter. Open-plan living, kitchen and dining areas are very popular in the current market and will add most value.
If your budget is big enough, give the kitchens and bathrooms a makeover. A new mirror and a frameless glass shower are simple value adders. Hardware on your kitchen and bathroom cabinets, light fittings, built in robes and new floor coverings also have a enormous impact on property value.
The less a buyer needs to do post-purchase, the higher the perceived value.