Figuring out what your home would list for is quite a complicated process. Even though you’ll want to work with a professional realtor to set your home’s price before listing it, knowing the different factors that affect a home’s value can help you have an idea beforehand. As you think about these different factors, try and weigh the pros and cons of potential renovations or changes against the value increase of the change.
Getting the Best Price for Your Home: Curb Appeal
Having great curb appeal is another huge way to draw more people to your home and raise the value of your home. There are a variety of important aspects of curb appeal. One of the first places you should start is with your door and your light fixtures—are they out of date? If so, update them. It will take years off your home’s façade. Then, make sure your paint job looks good. Painting will enhance curb appeal and potentially add thousands of dollars in value.
Getting the Best Price for Your Home: Number of Bedrooms and Bathrooms
Another huge factor that goes into your home’s value is the number of bedrooms and bathrooms you have. If you’re thinking about putting your house on the market, think carefully about your floor plan and compare your floorplan’s features to other relatively comparable homes on the market.
If your home seems to be lacking in the bathroom department or the bedroom department significantly, it might be worth it to do a renovation if it could be simple. Having that extra bedroom or bathroom will significantly add value and will open up your options more.
The thought of selling your home may feel especially intimidating. But don’t get yourself down—the housing market is doing incredibly well right now. So if you’re considering selling now, you have better odds today than you did a couple of years ago. Just keep these things in mind so you can make sure to get the best price for your home.
Read this next: How to Navigate Today’s Crazy Housing Market
See you at a meeting soon!
The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon!
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