Several factors go into determining your home’s market value. These include the condition of the property, square footage, location, amenities, as well as recent comparable property sales. For a snapshot of your home’s current value, you can enter your address into a free online value estimator tool.
There are several simple, low-cost things you can do to boost the value of your home. These include eliminating clutter, washing windows and walls, and installing higher wattage bulbs to create a brighter environment. Larger projects, like adding bedrooms and renovating kitchens and bathrooms, typically yield more substantial increases in sales price.
Staging your home, which helps paint a picture for how buyers will use their new space, can also add value.
The time your home spends on the market depends on several factors, including location, how competitively your home is priced, and how aggressively your home is marketed.
Statistics show that if a home is properly priced, an offer should come in within the first 12 showings.
If you want to speed up the sales process, don’t underestimate the value of staging. Research shows that well-staged homes can sell up to 32 percent faster than homes that aren’t staged.
