Are you considering selling your house soon? It might prove to be an excellent idea. This year started with people planning, checking out real estate sites, and looking for available homes on the market which they can purchase. If you’re interested in selling, this might be the ideal time for you to start preparing your house.
In the US, 5.51 million existing houses were sold in 2017. For this year, the expected number of sold homes will reach 5.5 million, increasing to 5.67 million in 2019. There are a lot of reasons why house-buying is a growing trend. One of the reasons is lower interest rates for loans, which can entice buyers to borrow money to buy a house.
In November 2017, the recorded number of loans for Australian first-time home buyers rose to 18%, compared to the registered 17.6% in October 2017. These numbers show that there’s a consistent interest in buying residential properties, not only in the US but other countries as well.
If you’re a homeowner willing to sell your house, you have to renovate your home to boost the house value. If you sell it like it is now, probably you won’t get much cash in the process, so you can’t benefit from the sale. If you’re not sure how to do the renovation, here are some tips to help you improve your home to sell it for a higher price.
Consult Renovation Experts
You can’t do a home renovation by yourself. Sure, you might have some ideas, but there’s no guarantee it will work out. Try to look for a local expert in home renovations Melbourne has and work with them in improving your home. Major cities like Melbourne and New York have a lot of designers, so it's not difficult to scout for one.
Tell the designer your purpose for renovation, so you’ll be able to get proper references in design or materials that you should use for the improvement. Experts know what to do to improve in your house after inspecting it, so listen to their opinions and incorporate your ideas if possible.
Upgrade your Kitchen
The kitchen is one of the best selling points in the house. It can convince or discourage a buyer from purchasing your home, so you have to prioritize this room for renovation. Here are some factors to consider for your improvement.
Stay on budget
If you have a fixed budget for your entire house renovation, stick to it. Prioritizing the kitchen doesn’t mean that you should exceed your budget. Don’t spend a lot of cash because you might end up losing money due to excessive spending for home improvement. Ask your designer for advice. Maximize the resources that you have and invest in quality but inexpensive materials.
Timing is everything
Don’t start renovating because you’re in a rush to sell your home. In the US, the ideal months to sell a house is from April to May, with the first half of May being the best time for selling. If you start renovating your kitchen, check how long it’s going to take, in addition to the other rooms that you’re working on at the same time.
Go for wood floors
Wood flooring will look suitable for your kitchen, and it might attract potential buyers. It will add a natural look to your kitchen, but it will also fit in perfectly with most kitchen designs. If you don’t want to go for hardwood, you should consider vinyl tiles with wood designs.
Freshen up the cabinets
If your cupboards show signs of wear and tear, but you don’t have the budget to get new ones, try applying a fresh coat of paint. It can cover scratches or marks, but make sure that your paint job looks flawless.
Install durable countertops
Buyers want to live in comfort when they buy your home. You can add countertops in the kitchen which will last for years, such as granite or quartz. Laminate is okay, but it's not durable.
Update your Bathroom
The bathroom is another focal room in a house sale. Buyers will use this daily, so you need to invest in this room and update it to modern standards to make it appealing to others.
Go for trough sinks
These rectangular sinks can accommodate two people at once because there’s enough space for two faucets. Couples or kids don’t have to fight over space in the bathroom.
Adapt to pale shades
It‘s fun to play with color combinations, but if your goal is to sell your house, stick to sterile white or pale blue shades for your bathroom. It will make the bathroom look clean. You can also add blue accents to make your bathroom look appealing.
It’s tempting to install high-tech toilets or shower heads to keep up with modern bathroom innovations. However, it might cause potential buyers not to purchase the house because it might be that the technology is too advanced, or they don’t want to have to adapt to a modern bathroom. Stick to traditional fixtures, but add a sleek modern design to your toilet or shower.
Improve the House Exterior
When the buyers walk up to your driveway, the first thing that will greet them is the house exterior. If your house isn’t appealing outside, it can discourage buyers from exploring the house further because they might assume the interior is as unappealing as the exterior.
Upgrade the lighting outside your house, and add features like pendant lights, spotlights, and walkway lights to light up your home during the night. Aside from its aesthetic purpose, it’s also helpful in keeping you safe. You can see outside even during night time, discouraging burglars and intruders from attempting to enter your home.
Change your House Paint
Paint might seem like a small detail, but it plays a significant role in your house’s aesthetics. The wrong colors can make your room appear small, gloomy, or messy. Proper choice and combination of colors are essential for your home, so don’t overlook this part during your renovation.
Colors like navy blue can make your front door look sleek and inviting at the same time. Gray-blue can give your kitchen a cool but relaxing ambiance. The right shade of brown can make your visitors feel at home in the living room. Cerulean tones add a relaxing vibe to your bedroom, while pale blue hues for the bathroom can make you feel as if you’re relaxing under the sky.
A house sale is a big step for you. It’s not as easy as listing your house and waiting for buyers. You need to upgrade and make it more attractive because of its new features. Consult with your designer for the necessary changes, and be open to suggestions. An excellent renovation project will prove fruitful for you financially.