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António Bagão Félix

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How to increase the value of your home

Agnieszka Kijonka

CEO A1 Algarve Real Estate

Agnieszka Kijonka

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.