Unlike corporate stocks, precious metals, and global currencies, which are traded every day, real estate transactions occur infrequently. Add to that the fact that every home is unique, and you’ll soon understand why professional property valuations or real estate appraisals are essential before you put your home on the market.
Research the Target Market
Before making any improvement to your home, you should research the target market. You don’t want to carry out upgrades that will have no effect on your property’s marketability or value. The internet is a great resource for checking out the profile of prospective buyers. Research who your home is likely to appeal to. For example, young families, students, working professionals, couples in retirement, etc. Knowing this information will help you to make alterations to your property that will make it more appealing to your target market.
What condition is your home’s exterior in? …