If you’ve recently remodeled or updated your home prior to
putting it on the market, you may have some misconceptions about how much value
you are adding to your property. First
of all, some of you may be thinking that because we are currently in a Seller’s
market, you don’t have to do anything extra to sell your home… you
believe that by simply listing it with a Real Estate Agent and putting a sign
in the yard is good enough! But this is
NOT true, even in these crazy times of multiple offers and bidding wars! So, what can you do to get the most
“marketable bang for your buck”? Here are
some things to consider:
Don’t assume you’ll get a dollar-for-dollar
return on your money. Typically, an $80K pool will only add about $30K to the appraised value of your home compared to
others in the neighborhood. BUT it may
help it sell faster because so many buyers in the South are now looking for
homes with pools. And time is money!
Enhancing your curb appeal is one of the
least expensive, but highly effective, improvements you can do to sell your
home fast and for the most money. Your
home is much more inviting if the lawn is cut and edged, bushes and trees are
neatly trimmed, and fresh flowers and mulch are in your beds. Add a nice welcome mat, refinish (or at least
clean) your front door and update your front light fixture and house numbers to
show pride of ownership! A good first impression will leave a
potential Buyer wanting to see more…
Kitchens and bathrooms still remain the most
important rooms in a home. This
doesn’t mean that you have to do a full-blown remodel, but be sure that these
rooms are super clean, clutter free, and functional! By simply, changing out the hardware on your
cabinets or swapping out a dated light fixture, you’ll instantly add some
value. Save the high dollar remodel (new
countertops, cabinets, appliances, flooring) for YOU if you plan to stay in the
home, or use that money in your new home.
New paint and carpet are key to the
marketability of your home.
Especially if you currently have “taste specific” wall colors and your
carpet is worn beyond its natural life.
Paint and carpet are relatively inexpensive to do, but will garner huge
returns. Buyers LOVE freshly painted
walls in neutral, updated colors (light grey is the color of choice these days)
and new carpet. It’s an expense that
they don’t have to come up with after they move in, but they will pay for it in
offer price if it’s done well. Side
note: if you’re not the best at
painting, HIRE a professional. Also, if
you really can’t afford new carpet, just be sure to have it professionally
cleaned before putting your home on the market.
A clean home overcomes almost anything. There is nothing worse that a filthy home on
the market. It’s an instant turn-off to
Buyers. Your house needs to look like
you don’t even live in it anymore.
Consider hiring a professional cleaning company who will do a pre-move
out clean… this should include cleaning appliances, light fixtures
(& bulbs!), baseboards, blinds, windows, showers and tubs, air vents, light
switches and floors! The money you spend
on this will be well worth it.
The aforementioned items are extremely important if you’re
thinking about selling your home.
Equally important can be how the home is staged. But that’s a topic for another blog! Happy Selling!
Submitting an offer on a home without ever setting foot inside is not new… and now with the COVID-19 Pandemic, it has become more common place for buyers who simply don't want to take any risks. But is this a smart thing to do?