What Is Cash Over Valuation in HDB (COV)
TLDR Cash Over Valuation (COV) in HDB resale flats occurs when the purchase price exceeds HDB's valuation. COV cannot be...
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TLDR
When looking to sell your home, consider simple ways to boost its value without costly renovations. Organize living spaces, refurbish old furniture, upgrade the kitchen, reduce personal touches, create the illusion of space, and change lighting fixtures. These improvements can make your home more appealing to potential buyers without breaking the bank.
If You’re Determined To Maintain The Asking Price Of Your Home, Here Are Some Simple Yet Effective Ways To Boost Its Value Without Breaking The Bank On Costly Renovations
Have you ever gone house hunting, only to be taken aback by outrageous asking prices for homes in less than ideal condition? When you see peeling walls and plumbing issues, the asking price is likely to be too high for what you’re getting.
As a homeowner looking to sell your property, you’ll want to avoid one thing at all costs: asking too high a price! Though tempting, it will likely put off potential buyers, who will likely evaluate the worth of your home based on its look and feel.
However, there is still hope if you’re determined to get your desired price – making some improvements to the house may make it more appealing to buyers.
Here are some innovative ways to enhance the value of your home without compromising on price!
1. Organize And Simplify Your Living Space
Entering show flats of condo launches and IKEA can be a real source of inspiration to replicate the models in your own home, but have you ever stopped to wonder why they look so inviting?
It’s simple – they’re devoid of mess! All you will usually find in the wardrobes are a few pieces of clothing – something you don’t often get in lived-in homes.
Although it might not be possible to totally get rid of all clutter, especially if you’re living in it, keeping it out of sight can make your space appear much bigger and more aesthetically pleasing.
Keep your living spaces neat and organized by putting all clothes back in your wardrobe, stowing away your child’s toys in their toybox, and making your bed.
Don’t just throw items into drawers and cabinets either; potential buyers will want to take a look inside and you don’t want any items tumbling out when they open the doors.
Have a system in place and keep your living spaces looking neat and tidy.
2. Refurbish Your Old Furniture
Are your walls and fixtures looking a bit worn out? Give your home a makeover and a new lease on life by taking care of peeling paint in the corner of your room and repairing any old furnishings.
You can also fill in random holes that have been drilled into your wall and replace any furniture that looks old.
With a little bit of love, your house will look so much newer and have potential homebuyers more inclined to meet your asking price.
3. Upgrade Your Kitchen
Homebuyers are especially keen on the functionality of the kitchen, especially for couples and families who frequently prepare meals.
The kitchen needs to be of adequate size, as well as in good condition and optimized for cooking. That means no rusty or damaged stoves, sinks, or cabinet hinges!
Even if your kitchen is in perfect working order, old-looking appliances and cabinets could still have homebuyers running in the opposite direction.
If your kitchen is looking a little outdated and your budget doesn’t stretch to a complete renovation, fear not – there are plenty of simple changes you can make to spruce it up and make your house more appealing.
Try switching up the cabinet doors, replacing your stove, or even changing the floor tiles – it’ll go a long way to giving your kitchen a refreshed look!
4. Reduce Personal Touches
The lively polka dot wallpaper in your kitchen and the dazzling LED lights that span across the ceiling of your room may give your home a unique touch, but it can be a major detractor for potential buyers.
If you’re hoping to draw in more offers, transitioning your home to a more minimalist style may be the best move. Stripping away any and all decorations that don’t fit this standard will do wonders to upsell your home.
It’s completely up to you, but who knows? The perfect homebuyer could find the charm in those personalized additions to your home – it could be the very thing that seals the deal!
5. Make The Space Look Bigger
Creating space can be the difference between a cramped, uncomfortable home and one that stands out. By making minor adjustments, you can make your living space appear much larger without breaking HDB rules – making it more inviting for both you and guests. So don’t neglect the importance of creating space!
If you want to allow more light into your room and make it look larger, consider replacing your heavy window blinds with shutters or vertical blinds.
Alternatively, sheer day curtains also provide a soft and warm atmosphere, while adding a feeling of spaciousness.
Plus, a large mirror strategically placed in your living room or master bedroom will do wonders for creating the illusion of a bigger space.
6. Change The Lighting
You can make the most of your existing furniture, but if you truly want to add a touch of elegance to your home, think about changing up the light fixtures. If your existing lighting pieces are looking a little outdated, why not upgrade them with something more modern and stylish?
Changing out old fixtures for new ones can quickly elevate your home, making it more attractive for potential buyers.
Nobody enjoys entering dim rooms with flickering bulbs. Give your space a glow-up by investing in new bulbs! Opt for cool white lights in areas like your kitchen and study room, while warm lights in your living rooms and bedrooms will create a more inviting atmosphere.
If you are trying to increase your home’s value in the market, or you just want it to have a more welcoming ambience, these easy changes can help you get the results you desire.
Looking to Sell Your Property?
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Are you approaching the Minimum Occupation Period (MOP) of your HDB apartment or has the Seller Stamp Duty (SSD) window of your condo already passed?
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It is always advantageous to have an understanding of the potential returns if you were to put your property up for sale. Additionally, you need to ascertain if your gains will enable you to upsize to the dream home in the neighbourhood you and your family have been longing for.
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For an easy and reliable way to get a free Property Valuation, just send me a request!
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If you’ve got a property-related story that you’d like to share, don’t hesitate to drop me a message and I’ll get back to you!
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Alternatively, you can send me a DM and I’ll reach out to you
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