Unconventional Ways of Increasing Your House Price
There are many factors that impact the agreed-upon sales price of your property when you list it for sale. For example, the overall cost of housing in the area, a specific property’s condition, and its improvements or style will play a role in the offer that you receive from an interested buyer. However, at the most basic level, your home is only worth what a buyer is willing to pay for it, and numerous factors affect a home's appeal. Therefore, finding ways to increase desirability can potentially have a positive impact on property value within reason. If you are preparing to list your home for sale and want to get the most out of the experience, consider how beneficial these unconventional methods may be to generate desired results.
Use Colour to Stand Out
If your home looks like every other home on the street, buyers may not view your property as being special and worthy of a higher offer. They may research what other homes on the street have sold for recently and make a similar offer to you. Adding colour is an effective and easy way to make a bold yet reasonable change to the property. For example, you can change the colour of your front door and shutters to something bolder yet still respectable. Choose hues that most people will find appealing so that you do not narrow down the list of interested buyers. If you are feeling more adventurous, you may even repaint the entire exterior.
Give Your Property an Appealing Name
Many homes have no name at all, and they are simply distinguished from others by the physical address. Giving your house a cute and descriptive name can make it more memorable and potentially more appealing. If you intend to name your property or to change its name to something more eye-catching and appropriate, think about options that add class and that are indicative of the property in some way. If you need inspiration, think about nearby points of interest, the types of vegetation on the property, the colour of the house or other factors. You can also ask friends and family members for recommendations if your ideas do not seem creative enough.
Clean Up Your Community
Remember that buyers will not look at your property in an isolated bubble. They will develop an impression of the area as they drive through the community and down your street. This impression lingers as they tour the interior of the home. If your community or your street has undesirable elements, consider working with fellow property owners to make positive improvements in the community. This benefits you as well as every other property owner in the area. You may be able to help older residents with yard maintenance, enlist a contractor to provide a group rate for your street’s property owners and take other significant steps.
Be a Good Neighbour
While the overall look and condition of your community and street are important, the properties immediately next to yours are exceptionally critical. Few people will value your home at top dollar or may even be willing to make an offer on it if the neighbours’ homes are in poor condition. This is regardless of how amazing your home may be. You cannot realistically demand your neighbours to clean up their properties, but you can offer to help them. Your subtle encouragement and your offer to lend a helping hand with exterior home maintenance, gardening work and more may be essential to achieve your goal of selling your home for a great price.
Think on a Larger Scale
While your street and community are essential factors that play a role in the appeal and value of your home, the entire village, town or city also impacts property values. For example, the council tax rate in the area is an important factor that may affect the offer that someone may make on your home. The presence and condition of local parks, historical attractions, community cultural venues and more also are important factors. You can work within your community to raise awareness of key issues and to promote your personal interests.
You may have heard about many ways to boost property value before selling, such as renovating the kitchen or remodeling the bathroom. While there are many common and well-known steps that can produce great results, you can see that these unconventional steps can also play a key role in offer that you may receive on your home. Some of these steps may take time to implement, so make plans to get started today.