If you’ve decided that selling your home when you retire is the best strategy for your financial goals, take the time to improve the value of your property before you list it for sale. In fact, according to a report from HomeLight, something as simple as improving your home’s curb appeal can increase the value of your home by 7%.
Get A Professional Inspection
Serious homebuyers will always get a professional home inspector to look for problems with your property before making you an offer. When you preemptively get your own inspection, you can make the necessary repairs before you put your home up for sale. Also known as a pre-inspection, it usually includes inspecting:
- The entire exterior including roof and siding
- The structure, foundation, and framing
- Windows, walls, doors, and ceilings
- Plumbing and electrical systems plus the HVAC system
- Basement, attic, and insulation
Nothing Beats A Fresh Coat Of Paint
Painting your walls and ceilings is especially important if some of your past color choices have been wildly individual. A freshly painted room in a neutral color makes it easier for buyers to imagine themselves living there. Your orange kitchen may reflect your personality but it may distract potential buyers.
“For buyers, outdated appliances are a top reason to lowball their offer – if they make an offer at all.”
Make Your Home More Energy Efficient
With the cost of utilities on the rise, today’s homebuyers will place a higher value on a home that has been updated for energy efficiency. Ask your utility company to conduct an energy audit and make recommendations for energy-efficient upgrades. You may even qualify for a federal income tax credit. It should also go without saying that it pays to replace your older, less energy-efficient appliances. For buyers, outdated appliances are a top reason to lowball their offer – if they make an offer at all.
Improve Your Home’s Curb Appeal
As the saying goes: first impressions count. When a buyer pulls up to your home, what they see can influence the offer they make on your home, for better or worse. Start with the basics – use a power washer to remove dirt and grime and make sure the windows shine. Then there’s basic lawn maintenance and trimming back shrubs to tidy up the yard. If you have cracked walkways, consider replacing them with precast concrete pavers that lead the way to your front door.
When it’s time to sell, be realistic about your sale price in the current market. Work with a real estate professional who can help you price it to sell. Otherwise, your home could stay on the market for a long time.
