Clocks Changing or Changing Times
António Bagão Félix
How to increase the value of your home
Agnieszka Kijonka
CEO A1 Algarve Real Estate
Every vendor
wishes to sell their home and maximise profits. While luxury homes have a
tendency to shine on their own due to their features and finishes, that does
not mean that a luxury home does not need to be prepared for luxury homebuyers.
Generally, unless a home is one of a kind, for instance, the only castle within
the region, there will be other luxury homes for sale that could easily serve
as an alternative. As a result, if the luxury home you are selling does not
shine in front of the competition, there is an uphill battle for the homeowner
to attract the attention of those buyers who will be very cautious with their
investment. So, homeowners are often wondering what can
be done, that doesn’t involve a major renovation, to increase the value of
their home.
First of all,
change the buyer’s perception of the size of your home: make your home seem
larger using techniques that can seemingly add more space to your home, like
removing the excess furniture and decorating it nicely and with elegant
elements. This will mould the perception of the prospective buyer and influence
them into visualising the extra space they need to be able to live comfortably
in their new home. They have to be able to conceive this needed space. In second
place, if you have children, remove their toys and any other object across your
home, as well your pet things, that can disturb the buyer. Third, create
storage space, organizing and cleaning your home’s storage spaces, to create an
idea of harmony. Fourth, balance the first impression, making some quick
repairs, like repair and paint the entrance gate, treat the garden,
fix broken roof tiles and have your swimming pool cleaned. Finally, no matter
what size your home is, the show route should
always be clear with no obstacles in their way, so buyers can be able to
imagine themselves living in your home and feeling comfortable.
Remember, a home’s value is what a buyer perceives the value to be and
is willing to pay for a home when it meets or exceeds his expectations.