Savvy homeowners understand how to negotiate more for their homes and walk away with a maximum profit. The key factor in getting the most out of your home investment is to choose to focus on the steps that will yield the most significant benefit in comparison to the cost. Here are four ways to maximize profits when selling your home:
Be Smart About Renovation
It is a well-documented fact in real estate circles that a kitchen renovation will yield the best results when leveraging your home for maximum profit. Focusing your home renovation efforts on the kitchen will draw buyers in and make your home more appealing. It’s important not to overdo it with your renovation. Keep to your budget and make wise investments so that you don’t get into unnecessary debt. Remember that your overall objective is to sell your home.
Reference: Rules of Renovation
Look to the Walls
The rigors of everyday living can lead to a number of knicks and scuffs on any wall. One of the easiest ways to improve the aesthetic value of your home is to repaint the walls. A fresh coat of paint is one of the most cost-effective ways to spruce up the home. For the larger divots, purchase a small can of drywall compound. Smooth a small amount into the divot and, once dry, sand the patch down until flush with the wall. Make sure to patch any holes before painting.
Think Outside the Box for Realtors
Costly realtor fees can take a big chunk out of the profit of any home sale. Thinking outside of the box of corporate real estate companies and looking toward discount real estate agents as an option can save home sellers thousands of dollars in costs. This savings translates to direct money into your pocket at the closing. Making the effort to trim off of the realtor fees is the single most effective way to walk away from your closing with a bigger profit.
Reference: Clever Real Estate
Stage Your Home for Buyers
Do not discount the importance of a first impression. You want buyers to walk into your home and be able to immediately picture living in that space. This added effort is what will ultimately sell your home. When you stage your home, it’s all about removing clutter and personal items. Clean your home and remove clutter that will detract from the home viewing experience. Then, remove items like family pictures and trophies that will stop potential buyers from picturing themselves in the home.
Reference: All Storage Online
Selling your home can be a stressful time as you seek to earn the greatest return on your investment. However, with a little preparation and research, you can ensure that you get the most out of your home sale and walk away with the maximum profit.
It’s not about rolling some paint on the walls and calling it a day. Painting is our passion, and as with any passion we only settle for perfection. Attention to detail, quality craftsmanship, meaningful design consultations—this is what we offer. Sure, anyone can call themselves a “painter,” but with the Jaworski team you get so much more—true professionals, we will make your home our next masterpiece!