When you sell your home, you want to get the best return on investment (ROI) possible. Your home is one of the biggest investments you’ll make in your lifetime, and maximizing your profit potential is key. While the market currently favors sellers, that doesn’t mean you shouldn’t think about the ways you can get the most attractive offer possible. Here are our best tips for maximizing your home’s ROI in today’s market.
Don’t be afraid to spend money
The old saying “it takes money to make money” is particularly true when it comes to real estate. You will realize the greatest profit on your home if you’re willing to spend a little money to make improvements before listing. If you don’t have the money needed for these upgrades, then you may be able to qualify for a low-or no-interest loan. The loan will then be paid off when you close.
Focus on cosmetics
When you’re selling your home, you’re essentially selling a dream. Every potential buyer who views your property is going to try to visualize themselves living in your space. Make it enticing by focusing on cosmetic appeal. First, make sure your home is sparkling clean. Hire a professional cleaning crew if necessary. This is especially important because buyers are concerned about safety after the pandemic we have all just lived through. Apply fresh coats of paint inside and out. Install new appliances, switch out lighting fixtures, and add new hardware to doors and cabinets. Small improvements like these can make a big impression on buyers.
Consider hiring a professional stager
If you really want your home to stand out, then consider hiring a professional staging company or ask your real estate professional if they offer these services. They will use their own furniture and decor to transform your home into an oasis. While you may end up spending a few thousand dollars for staging, the results can be impressive. It can mean the difference between selling for your listing price or getting substantially more.
Don’t forget the outside
Curb appeal is a major factor in the success of your home sale, especially in the summer. Buyers will be more attracted to homes that have welcoming exteriors. It shows that the home has been cared for and will stand out as a jewel in the neighborhood. Clean up garden beds, trim trees and bushes, power wash sidewalks and driveways, and plant fresh flowers. Make the front door inviting by painting the door, getting a new mailbox and house numbers, and adding potted flowers or plants. Putting a little bit of effort into your home’s yard can make a big difference when buyers are submitting their offers.
Work with an expert
Finally, the best thing you can do to maximize the profit you’ll make on your home sale is to work with an expert in your market. When you work with a seasoned real estate professional, they will understand the complexities of your local market and how to make the most of your property. They’ll also make the process much less stressful, resulting in a more pleasurable and profitable experience all around. Contact us today to get started!