There are plenty of ways to increase the value of your home in Atlanta, and in this article, we’re going to discuss a handful of those strategies to help you ensure your home sells for as much as possible.
Understand that there are good and bad times to sell
It’s difficult to tell when exactly a good time to sell is but you can use this basic strategy as a guideline; sell when the time is most convenient.
For you, this means selling your home when you are financially stable, have found a new home to move into once your existing one sells and also having no other commitments. You could easily put yourself into a poor financial situation if you sell when you’re still looking for a job or going through any major life change that requires a lot of your attention.
For other buyers, it means selling during a time when they’re comfortable with actually purchasing a home. For instance, buyers aren’t likely to move home if it’s in the middle of a school semester and they probably won’t move when it’s freezing cold outside. This means that the spring to summer period are often the best time to actually sell your home because there are more active buyers looking to move into a new home.
Understand what renovations can increase your home value
A lot of people don’t realize that renovations can cost a lot more than what they return if not done properly. For instance, while a swimming pool or heated floors might look enticing when you’re selling the home, the reality is that they’re not going to bump up the value of your Atlanta property enough to justify what you paid for the renovation. If you want to sell your home for top dollar, then you need to understand the cost-effective renovations that give you a high average return.
There are a couple of ways to ensure that your home renovations and repairs are getting the most value:
- Consider the appraisal!
- Keep your home within the range of your neighborhood
- Don’t forget to update or improve the exterior such as adding fencing, upgrading siding and adding a shed
- Don't make cosmetic renovations specifically to your taste, make them to attract potential buyers
The golden rule when performing a renovation to improve your house value is to always focus on things that are functional and practical and not just cosmetic. This means that the renovation should add space, increase security, provide more features and generally be helpful to the wellbeing of your buyers.
Understand all of the additional fees
Many homeowners make the mistake of selling their home and only fixating on the value of their property. Unfortunately, a large chunk of your potential profits will be eaten by things such as staging costs, home repairs and renovations, commissions and even negotiations that could bring the price lower. It’s vital that you understand all of the associated costs so that you can factor this into your financial planning. In other words, make sure you speak to your estate agent or realtor before you finalize a deal and understand what fees you’ll be paying once you make a home sale.
You should also consider how much it’s going to cost you to move into a new home. This could be costs involved in hiring moving companies, early cancellation fees for your utilities and various services, or even the cost of buying a new home in general. If you keep all of these fees in mind, you’ll have a much better understanding of how much it’s actually going to cost to sell your home and how much you’ll be receiving in your own pocket.
That's why it's important to have a good realtor working for you. They can help you navigate the fees, and the process so you end up at a happy home sale!