Adding those extra dollars onto the value of your home can prove to be difficult, whether or not you’re planning to sell your home. There are some obvious but effective classic value-adding tips like decluttering your space, cleaning your house from top to bottom, and a fresh coat of paint. And, while these are tried and tested, here are some lesser known tips that don’t get enough press, but nonetheless can help you sell your property for a higher price.
1. Show, don’t tell, attractive features of your property
Draw attention to your home’s unique features demonstrating them to potential buyers. If your home has a large backyard, emphasize this feature by throwing a sausage sizzle, or highlight your house as a family home by having an area for children to play while parents inspect the property. However, make sure you don’t overdo it with demonstrations—don’t get in a viewer’s space, keep it simple and in the background so as not to draw attention away from the house as a whole.
2. Help potential buyers remember your property
Homebuyers tend to do the rounds when looking for the right property, and the odds are yours wasn’t the first or only property they inspected. Make your home stick in a buyer’s memory with something unique that can help a potential buyer recall your home. An example could be a striking water feature in the garden, a fireplace or a strange painting. However, don’t put any piece of decoration that a homebuyer might find offensive or disgusting– you want your property to be memorable, not repulsive.
3. Scent is important
Believe it or not, how your house smells during a home open can alter the buyer’s perception of your home. Always take the time to air out your property before an inspection, so there is a clean, fresh scent in the air. Good smells are often associated with strong sense of place, so try baking fresh cookies, or snacks to get a really homely smell. If you’re not the baking type, try a lightly scented candle. However, don’t use strong or powerful smells like incense or artificial fragrances, while they might smell nice to you, they can often deter buyers who have different tastes.
4. State of the art technology
Never underestimate the effect of updating technology in the home, and that doesn’t just mean purchasing the latest flat screen television for the master bedroom. Investments in the latest cooling/heating systems, whether or not your home has energy saving technology, or even installation of quality speakers can often positively influence buyers. Emphasise any technology that helps keep bills low, and especially highlight if your home has a good Internet connection. All of these factors can boost livability of your home.
5. Provide refreshments at home inspections
While this is quite simple, offering some sort of food or beverage during a home inspection can be an effective technique. Not only does it encourage viewers to spend longer in the house, talking about the property, it is also the perfect chance to show off your kitchen, or entertaining area. For adults, a glass of good wine could really help viewers relax while viewing and provide an upmarket feel.
6. Showcase certain features of your house to give incentives for buyers
If you highlight the right incentives that your property has to offer as it goes on the market, it is possible to add some extra dollars onto your sale price. Good incentives can include bonus furniture like a dishwasher and washing machine, solar panels, or you can even try something as simple as dinner for the family in a renowned local restaurant (this is also showing any lifestyle features in an area).
7. Do your homework
A good agent will sell the lifestyle benefits of your home, like nearby shopping districts or good schools in your catchment area, but highlighting future developments can be effective too. A good way to do this is to contact your local council, or government, and ask about future plans in the area. Maybe a new highway is under construction, or a new supermarket is opening up a few blocks away. Future developments are great as they indicate to potential buyers that your home may have long-term investment value.
8. Motivate your agent to achieve a higher sale price
Look for different ways you can reward your agent for getting a higher sale price. One great way of doing this is using a tiered commission rate structure– when you pay an agent a higher percentage of commission for achieving higher sale prices. This tends to motivate an agent to go above and beyond to achieve because it increases the amount an agent receives significantly more than flat rate commission fee structures.
9. Choose the right real estate agent to sell your property
The most important of all these tips is selecting a real estate agent that is best for you and your home. An agent that has experience in selling your property type, good references (which you should definitely check up on), and is local to your area, can boost your final sale price significantly. When choosing your agent you should carefully research and compare agents, asking questions such as how they will conduct home opens, and what they will do to boost the value of your home.
A great way to find the real estate agent to help you get the most for your property is by comparing agents in your area. LocalAgentFinder is an impartial, 100% free, online service that has been helping homeowners find and select agents since 2007. Register your details today to compare real estate agents in your local area, side by side.