So you’ve made the decision to sell your house. Out of all the concerns associated with the process, the most important one is whether you can improve the resale value. There are various improvements a homebuyer can make to a house to increase its value. Even an old house will fetch a great price if it is properly maintained and restored to display its historical value. In addition, the right upgrades will also help you to meet the high standards of today’s house buyers. We have put together a round up of a few factors that influence the resale value of your home.
A neighborhood with a reputation of a luxurious community and prestigious residents is more likely to result in higher property values. On the other end of the spectrum, a neighborhood with a bad reputation and perhaps higher crime rates will have a negative effect on property values. However, these factors are subject to change with time and developments in the area.
The size of a property is one factor where more equals a greater return. Most homebuyers are looking for spacious properties that will give them ample storage space or room for their family to grow. If you have a smaller home and expanding the size of your property is a possibility, consider the addition of more space to approve resale value. Options include the addition of new rooms, expanding the space in specific areas and creating an outdoor living space.
Upgrades To Your Home
Upgrades that you’ve made to your property over the years will increase the resale value. For instance, if your home has a swimming pool or a gazebo it can have a positive impact on the price tag. In addition, re-doing the finishes, adding a bathroom or making upgrades to the kitchen are great ways to make sure potential buyers are impressed enough to make higher offers. We recommend that you do a full inspection on your house before deciding on the specific upgrades.
Age and Condition
The year of construction matters when it comes to selling a house. An extremely old house with historical value can be priced at a higher resale value than even some of the most modern houses. The idea is to maintain your house in excellent condition if you ever intend to sell it. Proper maintenance will make sure that your house is in good condition and doesn’t need many repairs before it can be put on the market.
Enhancing the resale value of a home is always in the hands of the owners. With over 30 years of experience in the South Florida real estate market, Frankel Realty is well aware of the factors that influence the resale value of a home and what owners can do to enhance their profits. If you are hoping to put your house on the market and are in need of quality real estate advice, contact Frankel Realty on (561) 427-2154 for expert advice and professional services.