If you're looking to sell your Ruidoso real estate or home in the near future, you want to get the absolute maximum value possible on the sale. That's no surprise, but often homeowners end up settling for less than they could have sold their house for if they had only made a few minor repairs and adjustments. What can you do to ensure you're not settling for less? Follow these simple steps to get your home ready for its appraisal and showing, and you could have several thousand dollars more in your pocket than you previously imagined!
2) Consider The Housing Market
Is the housing market in your area a buyer's market or a seller's market? If homes in your area aren't selling as quickly as you like, you may be at a disadvantage. You'll be competing with other resellers and developers for fewer buyers, which means that you'll probably end up lowering your asking price in order to make the sale. However, if the market is hot, you should be able to get close to the price you want since houses are in high demand. If you can, wait until the market has turned in your favor, and then list your home. It's a fine line to balance, but if you keep a close eye on things, your Realtor should be able to help you out to make sure you list at the best time.
After you've done these few external steps, it's time to look inward take some time to carry out these small adjustments inside your home, and watch the value increase!
4) Make Additions
If it's in your best interest and you can find this out from an agent or appraising specialist add space to your home. The garage, porch and patio are not included in the square footage listing for your home, so if you can add even one more bedroom and a small washroom, it could increase your home's value by anywhere from ten to fifty thousand dollars. You do need to make sure that you won't spend more on the additions than you'll gain back though, as you don't want to find yourself taking a net loss down the line. Another easy addition to make that can significantly increase your home's value is a hot tub! A permanently installed hot tub is considered part of the full property area, and will allow you to start your home at a higher asking price.