Increasing the Value of Your Property: Tips for Successfully Selling in 2018

According to a report by CoreLogic, property sale prices jump almost seven percent annually, and in 2018, they are set to soar. On the other side, the supply is falling while the demand is rising, which is good news for home sellers and an additional challenge for home buyers. However, as a seller, you have the chance to get your property in top-notch shape, increase its market value, and get your buyers what they need to be satisfied with the house they’ve bought. Here’s what you need to know to satisfy the particular tastes of modern-day buyers and make sure your house turns into an easy sell. Replace The Windows One of the first things potential buyers will spot when they are moving toward your house’s entrance are the windows. If they are unsightly and worn out, they will be a major turnoff. Besides making your home more visually appealing, new windows can mean a lot to millennial home buyers who insist on energy efficiency. Most of the modern windows available on the market are already Energy Star rated, but you should still check whether they are double or triple glazed.  

Increasing the Value of Your Property: Tips for Successfully Selling in 2018

By Faith McGregor | May 22, 2018 | Blog Post
According to a report by CoreLogic, property sale prices jump almost seven percent annually, and in 2018, they are set to soar. On the other side, the supply is falling while the demand is rising, which is good news for home sellers and an additional challenge for home buyers. However, as a seller, you have the chance to get your property in top-notch shape, increase its market value, and get your buyers what they need to be satisfied with the house they’ve bought. Here’s what you need to know to satisfy the particular tastes of modern-day buyers and make sure your house turns into an easy sell.

Replace The Windows

One of the first things potential buyers will spot when they are moving toward your house’s entrance are the windows. If they are unsightly and worn out, they will be a major turnoff. Besides making your home more visually appealing, new windows can mean a lot to millennial home buyers who insist on energy efficiency. Most of the modern windows available on the market are already Energy Star rated, but you should still check whether they are double or triple glazed.

Attic/basement Conversion

Regardless of their needs and the generation they belong to, all buyers crave additional space. The attic and basement are two rooms that are often used for nothing more than storing old junk, and with some time and effort, they can be transformed into an additional bedroom, playroom, gym, etc. All of these projects can yield a large return on the cost of the remodeling, and be decisive factors when purchasing a home.

Minor Kitchen Remodel

The kitchen is still the room that can make or break the sale. Unfortunately, it is also the room that is the priciest to remodel. However, even a minor kitchen remodel can yield more than 80% of a return on the project cost. Such projects include replacing the cabinet doors with shaker wood panels, installing new cabinet hardware, and drawer fronts. Also, you can add a new sink and faucet, and repaint the trim and walls.

Bathroom Remodel, Addition, or Master Suite

A bathroom remodel brings a 70% return on investment, while a bathroom addition brings up to 59% of your money back. It is not a secret that bathrooms are one of the most important factors in a home purchase, that’s why you need to spruce up a worn out bathroom with modern elements. While a freestanding bathtub is still one of the most sought-after features, there is also a rise in the demand for frameless shower screens, especially in small bathrooms, because they make the bathroom feel open and spacious. Besides these updates, adding a master suite can also be profitable.

Outdoor living

Most home buyers will appreciate the addition of an outdoor living area because it allows relaxing and enjoyment, which is exactly what the buyers want from their new home. Some of the ways to maximize the comfort and appeal of the backyard are adding an outdoor kitchen, deck, patio, and pool spa. In fact, a simple change such as a wood deck addition can yield as much as 80% of the total money invested in its construction.

Energy Efficiency

Modern-day buyers are very much aware of the impact our energy consumption has on this planet and, well, on their bills at the end of the month. That’s why energy-efficient upgrades make the smartest choice for a house remodel. It doesn’t even have to be something huge like solar panels. Minor updates, like improving the insulation, upgrading the HVAC system, switching to LED lighting, and adding solar-powered outdoor lamps, can make a big difference.

Smart Technologies

Millennials are currently the largest buying group, and it is essential to adapt your house to their demands. Since this is a generation that relies heavily on technology, including some smart home features into your property could help make the purchase more attractive to them. Think about additions like a centralized network that allows controlling home security through a mobile device, remotely controlled lighting and garage doors, smart thermostat, voice-controlled heating/cooling. Selling a property is not at all easy. Getting the price you want is even more difficult. However, nothing comes without some effort on your part. The suggested projects will make your home more alluring to home buyers of today who are more demanding than ever. 
Faith McGregor is a writer contributing beautiful pieces of work around the web. Finding beauty and passion in art, nature, family, and home. To follow her work be sure to check out her Twitter; additionally, more pieces of her work can also be found right here at Mega Builders Inc.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Need Construction Work Done?

Contact Us

HOME(310) 508-7085BLOG

Proudly Servicing The Following Areas:

Los Angeles, California: Greater Los Angeles, Encino, Woodland Hills, Tarzana, Calabasas,  Los Angeles, Northridge, Chatsworth, Porter Ranch, Canoga Park, Mission Hills,  Beverly Hills, North Hills, San Fernando Valley, Burbank, Glendale, Highland Park, Echo Park, Venice, Melrose, Hollywood, West Hollywood, Pacific Palisades.

Follow Us