4 Ways To Make A Profit When It Comes To Selling Your Home
4 Ways To Make A Profit When It Comes To Selling Your Home
Homes are an investment and sooner or later there will come a time when you need to sell them.
Written by Liz Bayardelle, PhD | See Comments | Updated 09/29/2021
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4 Ways To Make A Profit When It Comes To Selling Your Home
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Homes are an investment and sooner or later there will come a time when you need to sell them. This may happen soon after buying it or many years later. There are lots of things you can do to increase the asking price, below there are four ways to boost your selling price.
Kitchen
A kitchen is sometimes the heart of the home and is where people will spend a lot of their time, either cooking or socializing. If your kitchen is looking a bit dull and old then potential buyers will be put off by this. You need to bring it into the 21st century and make it look warm and welcoming. A kitchen remodel can add a lot of life back into your home and not only that it can add around 20% to the asking price when you come to sell.
You can of course do the kitchen remodel yourself or you can call in the professionals. Kitchen remodeling services will come in and give you advice as well as listening to what you want before creating your dream kitchen. You will be amazed when they leave, it will be like you moved into a different home.
Bathroom
Just like the kitchen, the bathroom is another important room in your home. You and your children will spend a lot of time here so it needs to be nice and have the atmosphere that you want to spend time in it. Bathrooms can quickly become worn out over time and can begin to look quite shabby if left to it. They require regular cleans as they are usually white and that becomes quite dull when it’s dirty.
You can have a complete change-up in the bathroom. Instead of having a shower, you could have a bath installed, especially useful if you have young children who are not able to use showers just yet. If your bathroom is spacious enough you could even have both a shower and a bath. The money you spend on your renovation you can expect to get back in the sale of your house so it is definitely worth it.
Open Plan
If you are like everyone else then you will love the idea of an open-plan house. Walls create barriers and barriers are not nice. You might love the idea of being able to see into the lounge while you are in the kitchen cooking dinner. Converting your home to an open plan setup could see you make a whopping 20% profit when you sell your home so you should certainly think about doing it.
It is relatively easy and just involves getting rid of a few walls and adding some more structural stands in. If you are a qualified tradesperson then you could do this job yourself, if not think about calling in the professionals just so you know you have received a top-quality remodel.
Loft Conversion
Finally, you could think about a loft conversion. They are very handy if your family has grown and you need that extra bedroom. Loft conversions could be turned into anything you want, including a games room for the kids or adults. Having a loft conversion can add up to 15% to the final sale price of your home. So as well as getting you more space it also gets you more money. Can’t really go wrong with that.
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About the Author
Liz Bayardelle, PhD
Founder | Contributor
Liz (or Dr. Mommy, as her toddler started calling her after learning what a PhD was) is the happily sleep-deprived mom of a toddler (and professional raccoon noise impersonator), a sparkle-clad kidnado, a teenage stepdaughter, 200 cumulative pounds of dog, and herd of dustbunnies (if daily vacuuming doesn't occur). During nights and naptimes, she uses her PhD in business psychology as an author, speaker, and consultant. She also serves as an executive and principal for three companies, two of which she co-founded with her very patient (and equally exhausted) husband.