Selling your Home
What is Your House Worth?
For most of us, our home is more to us than a house and more than just an investment. But when it comes time to sell, how much is it worth on the market? Your home's value depends on many factors, including its style and size, amenities, physical condition and location. In addition, the sale value of your real estate investment can be affected by market conditions, interest rates, supply and demand and the overall strength of the economy.
So how can you determine its value? Coldwell Banker® professionals offer these suggestions:
Ask your local Realtor®. Area Realtors are the local market experts who keep abreast of changes in the home sales market and can provide a fair estimate of a home's worth. In addition, Realtors have access to comparative sales data - another tool that helps them determine the value of your home. We invite you to learn more about your home’s worth by contacting us for a free Comparative Market Analysis.
Which Renovations Truly Boost Home Value?
Renovations can be the determining factor in a sale. Homeowners are spending more than ever on remodeling. But which renovations truly increase the market value of a home, versus those renovations that increase the comfort of a home's inhabitants?
Kitchens and bathrooms tend to top the list for remodeling. Generally, dollar for dollar, updating these two rooms will increase your return on investment. If large renovations are out of the question, there are options for those seeking to make improvements for a quick sale. Interior and exterior painting can dramatically refresh a tired-looking house. Get rid of overly decorated wallpaper and add a new coat of neutral paint. It will make your home more appealing to a potential buyer. New windows, siding and gutters can also add to a home's curb appeal and help it sell faster.
For more information, see the following pages:
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