How to increase the value of your home in Phoenix, AZ
Maximizing your home’s value can be achieved with a few strategic updates and careful preparation.
Curb appeal: According to a recent study by the National Association of Realtors, 92% of realtors recommend enhancing curb appeal prior to listing. Simple projects like landscaping, painting the front door, and adding outdoor lighting can make a memorable first impression. These efforts can attract more buyers and potentially increase your home’s value.
Strategic updates: Target high-ROI home improvements such as kitchen and bathroom upgrades, flooring refinishing, and fixture replacements. Zonda’s 2023 report highlights that new garage doors can recover 103% of their cost.
Necessary fixes: Ensure all essential repairs are completed before listing. This includes fixing the roof, plumbing, and electrical systems. Addressing these issues early on can prevent inspection problems and attract buyers seeking move-in-ready homes.
Decluttering and depersonalizing: Clearing out clutter and depersonalizing your space helps buyers envision themselves in your home. According to a HomeLight survey, decluttering can add $8,000 or more to your sale price. Decluttering your home not only creates a more spacious feel but also makes packing a breeze when it’s time to sell.
Deep cleaning: Invest in professional cleaning services (or be prepared to put in a lot of elbow grease) to enhance your home’s appeal. Another HomeLight survey found that deep cleaning can add $3,700 in value. Focus on areas like carpets, windows, and baseboards to make your home sparkle.
Home staging: Professional staging highlights your home’s best features and can help it sell faster and for more money. HomeLight reports that staged homes can sell for up to 13% more than unstaged homes, making it a valuable investment.
How to buy before you sell in Phoenix, AZ
For homeowners who want to move into a new property without the hassle of selling their current home first, HomeLight’s Buy Before You Sell (BBYS) program offers a viable solution.
BBYS allows you to leverage a percentage of your current home’s equity to make a competitive, non-contingent offer on a new home. This means you can buy your new home first and then sell your old home at your own pace. Equity can be unlocked within 24 hours if your home meets the program criteria, with no upfront costs.
The program charges a flat fee of 2.4% of your home’s sold price. Should your home not sell within 90 days after purchasing your new property, HomeLight will buy it and continue efforts to sell it. After deducting any incurred costs, HomeLight will provide you with the remaining profits from the sale.
Press play on the video below to learn more about HomeLight’s Buy Before You Sell program:
