How to Increase the ROI On Your Residential Property

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What ways can you improve your chances of earning a higher return when you sell your property? There are different investments you can make today to help boost the value of your home, so you can get the most from your sale. If you have the time and money to invest into your property, then you can really enhance your chances of making a bigger profit.

Let’s review what you can do now to increase your property’s ROI.

Focus On the Curb Appeal

The first thing people see when they pull up to your home is the exterior. If the curb appeal isn’t eye candy, then you’re going to scare of prospects before they even enter the door. You can change this by updating the outside. This includes repainting the doors and siding.

You can also have landscaping done to include nice shrubs, flowers and trees. A clean walkway and driveway are ideal. If needed, you can have them redone using fresh concrete.

Redo the Bathrooms

The bathrooms are one of the most renovated rooms in the house and for good reason. Many home buyers are looking for properties with aesthetically appealing bathrooms. You can improve the look and feel of your restrooms in various ways.

You can have the vanities switched out, along with the sink and countertop. Consider going with a durable stone option, such as granite or engineered quartz. You can also rip out the bathtub to create more space.

A lot of people today take showers, so a stand up shower would be more ideal. You can have one installed if you don’t already have one.

Update the Kitchen

The kitchen is another room in the house that home buyers care about. You should look at the homes in your neighborhood to see what type of kitchens they have. These are the ones you are competing with. In many cases, you will find the best kitchens have gorgeous granite countertops, customized cabinets, kitchen islands and features, such as a butler’s pantry. You could also settle for adding in a basic pantry for storing food and supplies.

Make Open House Warm and Cozy

When prospects come to your property, they should feel like they’re right at home. You can create this type of atmosphere by decorating the rooms with furniture. You can rent this from a company at an affordable rate. You can also hire a realtor to do this for you.

You can buy gift baskets and fruit baskets to display in the kitchen. These can be purchased from Harry & David.

Work with a Realtor

Realtors know the market better than anyone. They can set your home price competitively, so that you sell your home quickly and get the most money possible. Consider this over trying to sell the home on your own. You don’t want to leave thousands of dollars on the table.

Selling a property is a lot of work. The end goal is to get the best ROI possible. Use the above tips to ensure you get the most of our home sale.

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