With property value rising all over the country, especially in the state of Utah, many homeowners have asked themselves, “How can I get the most from my home?”
In this article, we provide you with 5 tips to getting the most from your home. These types range from the most ordinary to the most pressing aspects of selling your home. Remember, you can get the most from your home!
Rising Property Values In Utah
If you bought your home a few years ago and kept track of it’s value, then you’ve probably noticed an increase in it’s value. According to various news agencies within the state, Utah’s housing prices have hit record highs. What this means is that if you’re a homeowner who’s thinking of selling your home, now is the time to think about how to maximize your property value.
That being said, here are 5 ways that you can get the most from your home.
1. Fix what needs to be fixed!
If you’re thinking of selling your home, it’s very important to address any issues in the house that would potentially deter a buyer. For example, if you have older countertops or countertops that are chipped and cracked in your kitchen, choosing to replace them would be helpful to increasing the value of your home. This also goes for minor issues like the color of paint used in the living room to major issues like plumbing.
Ignoring things that need to be repaired or waiting for the potential buyer to fix it can not only push away potential buyers, but it can also decrease the value of your home. So even though property value has increased and there’s a tight housing market, this doesn’t mean that you’ll be able to avoid having to fix things around your house. You will still need to do some repairs!
2. Make sure that your home looks great!
As tidying expert Marie Kondo writes in The Life Changing Magic of Tidying Up, “Tidying is just a tool, not the final destination. The true goal should be to establish the lifestyle you want most once your house has been put in order.”
What this means is that if your house is a mess and there’s clutter everywhere, a potential buyer will think that the home has lesser value than it really does. Think about it. If there’s clutter and a mess, then your brain tends to focus on that aspect of the home before it notices anything good.
Additionally, potential buyers want to know how the house can fit their lifestyle. For example, if you have buyers who like the outdoors, showing them how to optimize the backyard would attract these buyers. For instance, having a simple but beautiful patio or deck could help see how your home can fit their lifestyle. It’s also important to mention that buyers would like for their lifestyle to be upgraded. That’s where things like environmentally-friendly appliances and say, a spa-like bathroom would help increase your property value.
3. Make sure your selling at the right price
A lot of times, people either overprice or underprice their home. That’s where basic tools you can find like Zillow can be helpful. Zillow is a website that will estimate the potential value of your home. It will also compare your home’s value to comparable properties in your area.
Both overpricing or underpricing can be problematic in that you will not get the outcome that you want. Overpricing can push away potential buyers, whereas underpricing does not help you maximize on what you should be getting for your home.
4. Wait for the right time
Selling at the right price is important, but so is selling at the right time. If you had tried to sell your property in Utah a few years ago, then you would have not gained as much as you would now. Timing is important because different factors come into play. For example, a tighter housing market means that your property will have more value. A shortage of sellers also means that this will increase your property value since there are less competitors.
5. Consider getting a realtor
In an upcoming article, we’ll talk more about why you shouldn’t sell your house by yourself. For now, we highly recommend getting help from an experienced and qualified realtor. A realtor would help you with:
- Identifying the value of your home
- Finding out ways to increase its value
- The complexity of the selling process
Besst Realty Group, Inc – A Leader in Real Estate
If you’re looking for qualified and experienced realtors, Besst Realty Group, Inc can help you! We can provide you with the tools, knowledge and information that you need to get the most from your home.
Reach out to us today to talk to one of our expert realtors.