There may come a time when you want to consider selling your existing home. While house prices may have gone up, there can be a number of ways that can help you to increase the value of your home. By contemplating these, and putting in a bit of effort, you could potentially gain a significantly higher offer for your home. This can either give you more money to play with or even enable you to buy a more costly new property than you were initially considering.

You may not know what to do to increase that value and feel a little lost in it all. When this is the case, or you simply want to speak to someone with more information, you might find it beneficial to give Compass a call. This real estate broker has been around for a decade, so can understand the change in housing prices. In addition to this, they may be better equipped to inform you of the latest trends in house decoration, which might have some kind of impact on the price. It is also possible that they may be able to assist you with getting those different kinds of works completed on your home, and even ensuring it is clean before viewing.

Increasing the value of your home can start from the entry point. The driveway can be one of the first things that potential buyers see, and step foot on. Cracks and damage could mar their opinion of your property before they have even entered the house itself. Therefore, you might find success with having new asphalt put down on the driveway before listing your home for sale. Asphalt can be quite cheap but still have a good appearance. It is possible that, in doing so, you may be able to increase the value of your home by around $5000, which could be better used elsewhere.

The tiling in your bathroom or kitchen might also have a dramatic impact. Old-fashioned tiles can be a sign that the entire room requires renovation, and could be incredibly off-putting. Any tiles on the walls, or even floor, that are chipped or cracked could also signify work for a new owner. You might want to think about replacing these, or redoing the entire surface, prior to making that sale. While you might be able to do this yourself using instructional videos and guidelines, you might also want to consider liaising with a professional who can complete this work to a high standard. However, the cost of this may vary, so you might want to speak to your aforementioned broker to see if the benefits would outweigh that cost and work.

By taking a bit of time to see where your property can be improved, you may be able to increase its value. Not only can this make your home look, and feel, nicer to those who may buy it, but it can also lead to more money back in your pocket.

Ellie Chen
Author

Ellie Chen is a graduate of New York University with a Master’s in Real Estate who has been an expert in property market trends and real estate investment for over 12 years. Her previous roles include working in real estate brokerage and as a property analyst. She has provided insights into real estate marketing, property management, and investment strategies. Her background includes roles in real estate development firms and as an agent. Beyond work, she is a great hiker and a volunteer in housing affordability programs. She is also a passionate urban cyclist and enjoys participating in community development initiatives.

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