Selling a home can cost up to 10% of the home’s total value. You need money to make money when selling a home.
But if you’re on a budget, how can you maximize your return without breaking the bank? You’ll be amazed by how far a little hard work will take you!
Here are three budget-friendly tips for selling a home.
Don’t Sell the Home Alone
“Doing it yourself” is considered a money-saving tactic for a lot of things, but selling a house isn’t one of them. The idea of hiring an agent might feel like it would be more expensive than doing it yourself, but the opposite is true. Statistically, working with a real estate agent will increase the selling price of a home by 13%. With the average agent asking for 6% – 10% for the commission, hiring an agent will actually make you more money at the end of the day. These percentages may seem small, but it can translate to big bucks.
If your agent sells your home for $300,000, that means that alone, you likely would have only been able to sell your home for about $261,000. If your agent is asking for 8% commission, that means you’re walking away with $276,000, that’s $15,000 earned from working with an agent.
The Power of a Deep Clean
After a deep clean there is just certain lightness in the air of a home. If you’re selling a home, it’s time for a serious deep clean. While you can hire a team to knock out a deep clean over the course of a weekend, doing it yourself is extremely more cost-effective. Just give yourself enough time to complete it. Take an audit of your home and create a cleaning checklist of all of the areas that need to be cleaned, and spread out the execution of the deep clean over the course of a month or more.
Don’t Underestimate the Importance of Curb Appeal
There’s a reason there are millions of articles about curb appeal on the internet, it’s important! You can spend a lot of money updating the landscaping and exterior aesthetic of your property, but you can also make an impact affordably.
- Maintain a tidy front lawn. Keep trees and bushed trimmed and keep grass trimmed. Some experts even say cutting the grass in certain patterns can be more (or less) attractive. Don’t have a lawnmower? Rent one!
- Make your home sparkle! Your home’s windows are probably a lot dirtier than you realize, you’ve probably become desensitized by them. Clean your windows, power wash your home and check the home for unattractive wear-and-tear like crumbling bricks and sagging beams.
- Add some color. Flowers are an affordable way to add color to your property. Pull weeds and use plants to create an inviting aesthetic that lines pathways. If you don’t have a green thumb, consider colorful succulents instead.
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