3 Tips to Recovering Your Home Value

When selling your home, recovering your home value is the most important factor. If you fail to do so, you will lose money on the investment and potentially be unable to pay off your mortgage with the sale. To recover the value, consider these tips.

#1 Avoid Taste Specific Changes

If you plan on making changes to your home while you live there, avoid anything too taste specific. Putting in a hot tub, adding a bright colored counter top or choosing artistic wood work are all examples of taste-specific changes. You will not get your investment back in this case.

#2 Take Part in Staging

Once it is time to sell, you need to stage your home. This means removing personal items, like photos or pet crates, and working to highlight your homes best features. For example, if you have a lovely fireplace, you should remove a big screen TV that may be blocking it. Highlighting windows, architecture and the size of your home are key strategies to stage your property.

#3 Watch the Market

Even if you do everything right, you may find it is a bad time to sell due to the market. Only sell in a good market if you can be selective about the timing.

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