You’re looking for ways to increase the value of your property before selling it; it’s a smart way to go about it, since you can greatly boost the revenue you make in return. So how does it actually work? Making sure your property is attractive and looks the par when potential buyers see the price tag is a sure way of selling to the highest bidder quickly and efficiently. Here are some of the ways you can add value by renovating and make a profit while doing it.
Space it out
Since you’ve spent time in your property more than anyone, you know which rooms could potentially be merged by knocking down a wall or two; these days, it’s very attractive to couples and families to have the living room connected with the kitchen and dinning area. Does it seem possible in your situation? Advise a friend or two to see their opinions; if they like it, you could be in for some wall knocking.
Refurbish the kitchen
We’ll be touch upon a lot of things family-related, and this one is especially important. Take a look around the kitchen and check if everything is fully functional or requires some maintenance such as the sink, the drains, the fridge, the oven, etc. All of it takes a huge toll on your property value since a well equipped kitchen might be the selling point many couples are hooked on even though there are some downsides to the rest of the estate.
Refurbish the bathroom
Same rules apply; we all need the bathroom as much as we need the kitchen space. Make sure all of the drains are clean, the boiler working properly, that everything is clean, presentable and not close to rusting, otherwise you’ll have to bring in a handy-man to fix it up before selling since it’s a huge let down for many buyers. They might try to barter because of it or simply walk out on the deal.
Renovate the green
When was the last time you trimmed your hedges or the grass outside? How about those flowers and plants outside are they properly cut, fertilized, watered? One of the key turn-offs and money losers is an unmanaged house exterior. Make sure your yard is looking the par since it can boost your price; otherwise it will lower it or downright make potential buyers avoid the property.
Let there be light!
By making sure your property is well lit during the day (clean and strategically placed windows) and night (plentiful light sources, with switches and dimmers, both in and out of the house) your property will look more appealing. This is one of the more important features when families are concerned since there’s children involved. Also, it’s very important to have a well lit property simply because it’s more cheerful and welcoming. Phycology plays a major role here.
This one works if your area is plentiful when it comes to sunny days. A solar panel might cost up to 10,000$, but by installing it you have the added value of increasing your price tag with the excuse that the future owner will have a much lower electricity bills (40-80% depending on overall energy usage in the household). It’s both green and cost-efficient for the new owner, and they might just go for it because of it.
Make sure your carpets are dry-cleaned and absolutely clean; if they are old you might consider changing them before presenting the property or going the extra mile; place hardwood. It’s easier to maintain and holds less germs over time compared to carpets. Whatever you decide, it will help your asking price a lot just by having presentable floors that are comfortable to walk on.
Not what you expected? There’s a good chance your first few potential buyers will walk out or try to lower the price; don’t go for it just yet. Write down their numbers and keep them handy just in case you become desperate enough to lower your asking price. Otherwise wait for that perfect buyer who is willing to cash out the full asking price when it comes to properties for sale in Turkey because they see themselves in your property specifically. This is the worst kind of pitfall when it comes to revenue loss, since it’s easy to buckle under pressure and lower the price, only to regret it later.
Always keep in mind why you’re selling in the first place; it will keep you focused and on a mission of making the most value for your property and time invested.