Ways to Boost a Home's Resale Value

Building equity in residential real estate is one of the most substantial and important ways most people grow their personal wealth. When it's time to sell that home, whether it's to make space for a growing family or to downsize after the kids have moved out, maximizing the resale value is the goal. While the market value of a home is largely tied to economic and sociospatial trends outside the control of any individual seller, there are still plenty of ways a person can boost their home's resale value.

Staging Is Key

Nobody will buy a home if they can't see themselves living in it. If the seller has the place packed full of their things, it will be hard for potential buyers to imagine how their lives might look in the place. Homeowners should try to make their place as much of a blank slate as possible so buyers don't have to do as much work filling in the canvas. Cleaning and decluttering are two essential steps that no seller can afford to skip. Your real estate agent will be able to provide a number of referrals for both staging and estate sale companies that can help with the decluttering and staging process.

Pay for Professional Photos

While a physical visit to the home is what seals the deal, buyers decide which homes to visit based on the quality of the residential listing. The better the photos look, the more likely someone is to want to see it in person. Investing in professional photographs for the listing is a must to show off the space in the best light. In today’s market, it’s common for your real estate agent and/or company to pay for professional photos as part of their marketing strategy.

Opt for Energy Efficiency

Upgrading a home's appliances is one way to invest that can lead to a big return. Installing energy efficient stoves, refrigerators, water heaters, etc., will not only look good but will help lower energy bills. These are relatively inexpensive upgrades that can be factored into the home's asking price and sold to buyers as upgrades that will keep their utility bills low for years—even decades—to come.

Get the most money out of your residential real estate sale so you can be set up for whatever the next phase in life may be. At Vutech & Ruff, we have an unmatched depth of experience and will work hard to get the best possible price for your home. Check out our seller resources for more information to help you navigate the home buying process. Contact us today to get started.