Selling Your Home? Read This First!

by News Guy on November 1, 2011

Often, when selling your old home, it’s all too easy to concentrate on the new home you’re going to be buying. You have chosen the ideal place, found the best value new mortgage and insurance deals and you are looking forward to moving in.

But losing focus on the home you’re trying to sell can end up costing you a lot of money. In these tough times, that’s money you can ill afford to lose. To make sure that you avoid making this mistake, you should ensure that you optimise the value of your current home.

Here are a few things that might lower the value of your property in the eyes of many buyers:

  1. Poorly maintained plumbing or electrical systems are very off-putting to potential buyers. Either fix any problems yourself if you can, or get in a contractor to do it for you. A few hundred spent sorting out these kinds of issues can add thousands to the price you achieve for your home.
  2. Before buyers even enter the house, they will check out the roof. They know that roofs are expensive to fix, so if they see any problems, you can expect a lower offer on your property.
  3. You might like to express yourself by using bright colors in your home. Remember, though, that they will not appeal to everyone. Redecorate with neutral colors before you show your home and you will get much more interest from buyers.
  4. A garage is often an important requirement for people looking to buy a new home. If you don’t have one, or the one you have is too small, then you might have a real problem getting a good price for your house. Building a new, good-sized garage might well prove to be a good investment.
  5. Think about the layout of your property before putting it up for sale. Would it work for most people? A poorly designed or awkward layout will significantly lower the value of any home. Think about the needs of the average family and, if necessary, change the layout to make it more appealing.
  6. Nothing deters buyers more than an outdated bathroom or kitchen. These are the two most important rooms when it comes to selling your home. Trends change quickly, so what was in fashion when you bought your house a few years ago might look seriously out of date now. You won’t necessarily have to change everything. New work surfaces, rather than a whole new kitchen, can work wonders.
  7. Make sure that the front of your house and your front yard are kept neat and tidy. A poor first impression won’t help you to meet your asking price on the property.
  8. The outside space around your house can be important to buyers. Mature plants, trees and shrubs can add to its appeal and therefore to its price.
  9. Storage and lots of it, is a key factor for many buyers. If you don’t have enough, you are definitely lowering the price you might get for your home.
  10. A crucial part of making a good impression on buyers is to use natural, or artificial, light to give the rooms in your property a bright, airy appearance. Having a dark, depressing home for sale is going to cost you thousands.

All of these things come into play if you want to maximize the value of your house. Not paying attention to them could cost you a lot of money.

A bit of time and effort and a few small investments in home improvement could help you to get the best possible price for your home. The reward for you is that you’ll have a bigger deposit and a smaller mortgage when it comes to buying your new home.

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Article provided by moneysupermarket.com, use their mortgage calculator tools to see how much you can save on your mortgage.

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