How to Boost the Curb Appeal of Your Home in a Slow Market

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curb appeal

How to Boost the Curb Appeal of Your Home in a Slow Market

Whether you’ve found your dream property or you’re still out there looking, you may be planning on selling your current home to fund your purchase and want to boost your curb appeal.

Where do you start?

If you’re planning on selling your home, buying a plot of land, and building a new home on it, there are several important things to consider.

How to Buy Land and Build a House on It

Before you buy land, ask yourself the right questions.

Besides confirming the asking price, availability of utilities, and zoning regulations, you also need to find out as much as you can about the land itself, including the elevation, topography, water features, soil stability, drainage, tree coverage, and any environmental concerns.

Budgeting for a land purchase and new home construction can be complicated, so make sure you lay out your financial plans carefully.

If you’re banking on the sale of your home to fund your property purchase, you need to bring in the highest possible offer.

Don’t let a down market stop you from selling your home and snapping up your dream plot of land!

With a few impactful upgrades, you can still get a great price for your property.

Keep in mind that if you have a large parcel of land along with your house, you can subdivide your land to help increase your profits.

Research Your Market

While it may go without saying, one of the most important things to do before listing your home is to research your local real estate market.

Make sure you understand the real estate trends in your area, including how much other homes are selling for, how long they sit on the market, and whether they sell above or below their listing price.

For example, Redfin reports that homes in New York have sold for an average of $608K over the last month and sit on the market for about 224 days.

Make High-ROI Upgrades

Upgrades will make your home more attractive to potential buyers, but you want to be careful about where you spend your money.

Shelling out the big bucks for a whole kitchen remodel might not be a great investment.

Instead, focus on low-cost, impactful improvement projects that can help you justify the sale price you’re after.

According to Sharper Impressions Painting, painting your home interior is one of the easiest—and cheapest—ways to boost your resale value, offering a 107% return on investment!

Just be careful about the colors you choose.

Certain interior colors, like light grey in the living room and muted yellow in the kitchen, can help you sell your home for a higher price while other colors could hurt your resale value.

Ditch the Clutter

 Decluttering is another step in the process of prepping your home for sale that will help you get the price you’re after.

Clutter distracts potential buyers from seeing the best features of the home they’re touring, and may even give the impression that the home hasn’t been properly maintained.

A clean and organized home with minimal decor, on the other hand, will help your buyers picture themselves and their belongings in your space, giving them a better idea of what it would be like to live there.

 Boost Your Curb Appeal

While your buyers will spend most of their time exploring the interior of your home, the exterior is the very first thing they will see when they pull in the driveway.

Make a great first impression!

According to the National Association of Realtors, homes with good curb appeal sell for up to 7% more than homes with an unattractive exterior—and 14% more in slow real estate markets!

Some easy ways to boost your curb appeal include doing some basic lawn maintenance, painting your front door, upgrading the hardware around your entrance—mailbox, knocker, light fixtures—and adding a few elegant potted plants.

Itching to get your hands on some land?

If you’re planning on selling your current home before buying property and building your dream house on it, don’t let a slow real estate market stop you!

Make some upgrades, declutter, and stage your home, and you’ll have no problem attracting buyers at your ideal listing price.

Katie Conroy