You’re more than likely here because you want to get the best price possible from your property sale – but you’re just not sure of how to push your condo’s value to a larger threshold. Luckily, here’s a list of 5 ways you can add value to your property.
Setting the Stage
When potential buyers come across your property online, you want them to be amazed. Ensuring that you have photos that showcase the best that your condo can be is essential. Staging is the process of setting up your property with furniture and décor to give buyers some inspiration for potential setups. This is a vital part of the pre-sale procedure, especially if your property isn’t quite up to scratch. If you need more information and guidance on staging your home, then head over to barion design for some useful tips.
Kick the Clutter
Unfortunately, things that are important to you, i.e., family photographs, ornaments, and even your quirky rugs, aren’t going to hold the same sentiment or value to potential buyers. So, an easy way for you to add value to your property is to clear all the clutter. You could leave it with your family, move it to a secondary home, or rent a storage locker. Before you try and cheat with the age-old trick of ‘chuck it in the cupboard’ – be warned, potential buyers will open cupboards when they look around your condo.
Get an Upgrade for Your Kitchen or Bathroom
People like to buy things that look new and follow the current trends. So, if your bathroom or kitchen looks like 2010 wants them back – you’ve got some work to do. However, this is going to cost money, but as the saying goes, ‘you have to spend money, to make money.’ According to the 2020 Cost vs. Value Report, the most profitable renovation is a minor kitchen remodel, returning 77.6% of the investment cost.
Whether it’s the walls, ceilings, or floors, refreshing the décor will hold great appeal to potential buyers. It will smell fresh, look sharp, and show that your property is well maintained. So, do away with the old and in with the new – the investment will pay for itself once you have sold up. Of course, some colors will entice buyers over others. For information on current color-trends, search online interior design magazines and choose a scheme that will WOW.
Condos aren’t known to hold massive amounts of storage space but if you can increase this without decreasing the floor space then you will be onto a winner. Adding in overhead storage, for example, could massively impact the value of your property.
Hopefully, by now, you feel as though you’re in a better position to start upping the value on your condo. Remember, everything you do has to be for the benefit of potential buyers – so what you want in there personally has no meaning whatsoever.