How far is too far when you're selling real estate?
Homeowners eager to sell might renovate a property to increase its value, but being cognisant of overcapitalisation is essential. You don't want to renovate a home beyond what buyers in your market are willing to spend, so make sure to add value by renovating any of these 3 rooms that can add real value to your home.
The laundry room, the broom closet, the sports equipment storage room – these are often some of the most overlooked rooms in any home. You throw things in until they're full to the brim, hope the door closes, and walk away.
With a few changes, you can make your utility room an essential piece of your home that prospective buyers will appreciate as much as you. Storage is a huge bonus for many people looking at property, and homes that offer unique and functional storage solutions are very attractive. Stand out by adding useful, practical shelving to your laundry or other utility room.
If you really want to add value, take on a bigger renovation such as adding a sink to your 'broom closet.' This will turn a once forgotten room into a cleaning hub.
Kitchens sell homes, it's as simple as that. Kitchens aren't just for cooking – many homeowners also treat a kitchen as a place to dine, spend time as a family and entertain guests. Having a well thought-out kitchen plan with great futures will make your home infinitely more appealing to buyers.
If your kitchen is dated or poorly designed, a full revamp will definitely help you sell your home at a higher price, but what if you can't afford such sweeping renovation? There are smaller, less expensive changes you can make that will also be effective, including:
If you're lucky enough to have a loft or another hidden space in your home such as an alcove or cute window seat, make this area stand out.
Buyers will be looking at countless homes, so to play up your home's unique features to guarantee it will be memorable. A loft makes a great bedroom, but it can also be used as an office or simply a hangout zone for reading and watching television.
Add shelves to make your alcove a mini library, and fit your window seat with a cushion and nice pillows. If your window seat is in the kitchen or dining room, consider making it into a padded bench on one side of your dining table.
While you might not be selling the furniture in these spaces with your home, you will open up home hunter's eyes to the possibilities of having such a unique area in their home.
If you really want to know how to add real value to your home, you have to work with an experienced real estate agent. At Ray White Takapuna, our agents watch the market meticulously, so we know what buyers are after in any given area. We can make suggestions about how to prepare your home for sale, and also save you money from renovating areas that might not be as important to North Shore buyers.
To find out more about how we can help you sell your home, reach out to our team today!