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How to maximize the selling price of your home

en.ppostnews.com: More often than not, sellers tend to overlook the importance of the look and feel of a home in determining its price. In a competitive market, to score a deal on your home quickly and get the selling price you want, you have to put in some effort. Let’s take a look at some cost-effective ways you can maximize your home’s selling price.

Invest in basic home renovation

Think of renovation as a magic makeover – a buyer doesn’t want to sink their money into property that looks old and haunted. Entice buyers by giving them the brand-new feel they’re expecting from their next buy.

A fresh coat of paint

The paint may look great to you, but it’s possibly because you have gotten used to it. For a fresher feel, go for a paint job – it brightens up your whole place and can be the difference between a closed deal and an almost-closed one. So if you invest some money in painting your home, its value will significantly go up.

According to price trends, painting a standard double-storey 5-marla house costs around PKR 100,000 to PKR 125,000 if you go for economy and choose a vinyl matt. This would get the job done and actually hide imperfections on the surface of the wall, if any. On the other hand, a plastic emulsion paint would cost you PKR 125,000 to PKR 150,000, but will leave a shiny look.

New flooring

Damaged floors completely mar the look of your home. With either damaged or old-fashioned floors, you’ll have to spend some money. It is recommended that you go for tiled floors. They give a modern and clean look to your home and make a good impression on potential buyers.

There are a lot of variations in prices of tiles. Local tiles would cost you PKR 800/metre, while if you use Spanish tiles, the price would escalate to PKR 17,000/metre.

To save up on cash and still achieve an appealing look, you can go for artificial wooden floors. These come in many designs. The cost of laying artificial wooden floors in a standard 5-marla house is around PKR 150,000.

Repair and polish bathroom fittings

This may seem like a lot of work, but it is absolutely essential for making a good impression. Depending upon the present condition and number of your bathrooms, it will cost you around PKR 50,000 to PKR 100,000. If you are looking to replace the vanities, the cost will go up significantly.

Woodwork

Woodwork lifts the class of a home. If you have any damaged woodwork, have it all fixed. If you don’t have any classy woodwork in your bedrooms, you’ll be well advised to at least get wardrobes installed. The costs would vary a lot depending upon the quality of wood used.

If you use chipboard, a wardrobe will cost you around PKR 35,000 to PKR 40,000, while a classier type of wood will cost you PKR 50,000 to PKR 60,000. Investing just around PKR 150,000 on woodwork can class up your place.

Home staging

When a potential buyer visits your home, you have to present it in the best light possible. You may have a good aesthetic sense, you should still hire a professional interior designer for this purpose. The additional cost might be returned many times over.

While you should employ the services of a professional, there are some easy hacks you can use.

Use wallpaper

Hide those ugly cracks in the walls by using a wallpaper. Even if your walls are perfectly fine, you can use it to give a totally new feel to your closed spaces.

Invest in landscaping your front yard

A nicely landscaped front yard can create the positive first impression you need to convince a potential buyer.

Brighten up

Make sure every room in your house is well lit. What is the point of a nicely designed home if visitors can’t see it properly?

Invest in artwork

Displaying artwork is a great way to breathe new life into a room. Invest in paintings and decorative traditional or modern pieces. You can get canvas prints instead of original paintings to save up on money.

We hope these pieces of advice will help you sell at the price you have in mind. You may have to spend PKR 500,000 to PKR 1,000,000, but you can end up adding much more than that in the final sale price, and it will be totally worth it.

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