3 Reno-Free Ways to Increase Your HDB Flat’s Resale Value
The time has finally come for you to sell your current home so you can move into the house of your dreams. Given the current state of the HDB resale market, you may be wondering how to get the best resale price for your flat. One of the most obvious ways is to make your home look appealing to potential buyers. However, you don’t have to break the bank and invest in an expensive renovation just to achieve that.
Below are 3 things you can do to increase your HDB’s resale value without having to renovate. Click to go direct to the detail explanation.
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One of the most effective methods to increase your home’s resale value is fairly basic. You may feel at home decorating your living space with your favourite knick-knacks at every corner. However, while you may find this charming, potential buyers may see your home as a cluttered mess. This could even turn them away.
Decluttering your home is a good way to make your space appear bigger. Pack or throw away unwanted junk such as old newspapers and magazines, toys, old clothes, and trinkets. Where possible, opt for minimal furnishing in your home. A neat and tidy house without a ton of furniture is less intimidating to prospective buyers. It also allows them to better visualise how they can utilise the space and make it their own, helping to improve the odds of a sale.
An effective and inexpensive way to freshen up the interior of your home is to give your walls a new coat of paint. Walls that are dirty and grimy, or with chipped and peeling paintwork can be extremely off-putting to prospective buyers. Opt for lighter colours as they open up spaces and make them look bigger. Neutral colours like white, cream, and pastel shades are classic and timeless. Such colours have an almost universal appeal and help make your home look clean and polished. Don’t forget to open up your windows and turn on the lights during viewings to maximise these effects.
A faucet that’s been leaking for months. That toilet door with creaky hinges. The ceiling fan that has gotten noisier with time. They seem minor since you’ve “gotten used to it”, but little issues like that can impact the resale value of your flat. Thankfully, these aren’t difficult to repair. Make a list of these minor defects in your home and start having them repaired.
People looking to sell their flat should also pay extra attention to the condition of their flooring. A clean and spotless floor creates the impression that the house has been well-maintained, especially in areas like the bathroom, kitchen and living room. If the floor is showing signs of wear and tear, look into whether you can have it repaired.
Homes that have been well-kept and looked after generally command higher prices than poorly-maintained flats of the same age. It is also not unheard of for an older flat to sell for higher prices if it is in good condition.
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