If you have been waiting for the right time to sell your home, don’t wait any further. Right now, the housing market is on fire, and homes are selling at a faster rate than ever.
According to new research from the National Association of Realtors, the average home was only on the market for three weeks in 2020. This is a big sign that homes are selling fast, nearly as soon as they are on the market.
If you are looking to sell your home, check out this guide and learn how to increase the value of your house to make sure you get the most out of your offer.
1. Upgrade the Primary Selling Points
The first thing you should do to increase home value is make the necessary repairs or upgrades to the home’s primary features. Some of your home’s primary selling points include:
- The landscape
- The Roof
- Doors & windows
- Paint & Trim
While you can’t change the location of your home, you can do simple house renovations to make your home stand out to buyers. For example, if the paint is chipping in a visible location, it can lead buyers to assume paint will be chipping everywhere. A simple coat of paint can go a long way.
For more significant projects like a roof upgrade or replacement, it can be more costly, but it can also give a boost to your home value. According to the newest edition of the Cost vs. Value Report, a garage door replacement has the highest return on its investment, returning a whopping 94%.
2. Give It More Room
Sometimes, when you run out of upgrades, the only option is to expand and give the house more room. You can go about expanding a few different ways, depending on your home’s particular needs. If your house is struggling on the market and you are wondering how to sell a house, adding a room can give the home an instant upgrade.
You can add an additional room or bathroom if needed. You can also decide to expand a room, such as the kitchen or living room, to give the house more room.
3. Get It Staged
When it comes down to it, and you need to sell your house for maximum value, consider getting it staged for a simple solution. If you are thinking, “how can I sell my house quickly and for max value,” then staging may be right for you.
Staging a home involves arranging the home in a way that makes it look more attractive to buyers. This process can involve:
- Rearranging furniture
- Adding decor
- Highlighting certain areas
- Upgrading the kitchen
- Enhancing the lighting
Anything that can make your home looks its best can be considered “staging.” In the 2019 version of the Profile of Home Staging, 83% of buying agents noted that staging made it easier for their clients to see the home as their future home.
How to Increase the Value of Your House: Getting Maximum Value
In this article, you learned how to increase the value of your house. Now it’s time to put these ideas into action. To get the maximum value for your home, it will take all your effort. A new paint job, making the necessary repairs, and upgrading the selling points will help you increase your home value and get the most out of your investment.
To learn more about upgrading your house and improving the value, check out the home improvement section of our blog!