Ways to Maximize ROI When Selling Your Home

    via rossmortgage.co

    Selling your home can be tremendously exciting, but you’ll want to ensure that you get the most out of your sale. To often, homeowners fail to take advantage of simple steps that can lead to higher sales prices. Here are a few ways to maximize your return on your investment when selling your home.

    Renovations

    While renovations are typically viewed as expensive, some can be done without spending too much. Some rooms will increase the value of your home significantly. Focus on the bathroom; bathroom renovations, when done correctly, will increase the value of your home significantly more than the cost of performing them.

    The other top target for renovations is the kitchen. While kitchen renovations are not cheap, they can increase the value of your home significantly.

    Staging

    Staging your home can allow you to make a better impression on potential buyers. Simple staging can involve nothing more than simply removing clutter and making your home look clean. However, there are more advanced techniques as well.

    Perhaps the most effective technique is to rent furniture to give your room an ideal look, and there are companies who rent furniture specifically for staging homes. In addition, it might be wise to consider bringing in an interior designer. Painting the walls a neutral color has been shown to help as well.

    Maintenance

    Buyers want to know that the home they’re purchasing is in great shape, so you’ll want to ensure that it is maintained well. If you’ve been sitting on a problem for some period of time, get it fixed before putting your home on the market.

    Doing so allows you to confidently state that your home is in good condition. You’ll also want to hire an inspector to uncover any issues that buyers will discover. While maintenance might not be cheap, the benefits of having a well-maintained home are worth the cost.

    Major Renovations

    In some cases, major renovations can lead to significantly higher sales prices. These days, buyers love homes that feature an open design. Simply removing a wall in an older home might increase its price enough to justify the cost.

    Adding a patio or other extension can also be profitable as well. Before proceeding, however, you will want to talk with a real estate agent. Some major renovations might cost more than the value they’ll add to your home, so make sure you aren’t wasting money.

    Selling your home can be tremendously exciting, and maximizing how much you get for it can improve your financial status significantly. Fortunately, there are a number of experts who can help you determine the best ways to get the most out of your money, and those who don’t want to invest anything may find that some simple staging can go a long way.

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