How to Boost the Selling Price of Your Home Before Listing it on the Market

Posted by Staff Reporter (media@realtytoday.com) on May 04, 2016 06:18 AM EDT
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LONDON - JANUARY 29: A Real Estate board is pictured on January 29, 2007 in London, England. Despite recent interest rate rises, UK house prices are expected to rise by GBP1,000 a month according to the Centre for Economics and Business Research. (CEBR) (Photo : Daniel Berehulak/Getty Images)

Most sellers (if not all) are always hoping to sell their homes at the maximum price that they have in mind. However, certain conditions in the market and the current condition of your home would dictate how much your house is worth. While such is the case, there are still some ways in which you can boost the selling price of your home before you list it on the real estate market.

Different factors determine the selling price of your home. For instance, the location of your house would be a major factor to the comps that your agent would get. If the houses similar to yours within your area were sold at a certain price, then that would be one of the bases of your selling price.

The current conditions of the market would also dictate how low or how high you can price your home. There are, however, several things you can do to increase the selling price of your house by updating its current look and condition.

Realtor.com notes that sellers who stage their homes often get 20 percent more money than those who do not hire stagers. This is because not everyone has the same preferences as you do and professional home stagers can look at your home objectively and see which areas need to be updated.

You can also do certain home improvement projects such as enhancing the look of your yard or insulating your attic. The publication states that those who had better curb appeal received 17 percent more on the sale price of their home while those with insulated attic yielded 116.9 percent return on investment (ROI).

Sellers may also change the colors of their home. As previously reported here on Realty Today, certain colors may help sell your house faster.

A study revealed that buyers were least attracted to the colors orange, black and violet. Therefore, sellers should steer clear of these colors and opt for neutral ones to help the buyers picture themselves living in your house.

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