1. When There Isn’t Time For Improvements, There Is Still Time For Profits
Sometimes when you have to sell you have to sell. Perhaps you just received word your job is getting relocated, maybe “the perfect home” just came on the market and you want to take advantage of putting an offer in, or God forbid, maybe you are experiencing an unfortunate emergency. If you don’t have the time to spend on additions and improvements, there are more quick-fix strategies that can net large returns.
Hiring interior decorators or designers from a staging company to fill your home with coordinating furniture, fresh flowers and high-tech TVs and stereo equipment can sometimes result in a faster and higher-priced sale.
2. Maximize Storage Space
One common reason people are looking for a new home is because the place they are currently living has become too small for them. The funny thing about this is that often people move to a larger house, only to find out that they brought too much with them and once again are out of space.
Efficient storage space easily solves this problem in the eye of a prospective buyer. Adding efficient storage in attic spaces, below staircases, in garages and even in closets will be looked upon very favorably by a prospective homeowner and in some cases could be the deciding factor between your home and another.
The best part about these updates to your home is that they are often very inexpensive, and something you can even do yourself.
3.Think GREEN
Whether of not you like to hear the term “Green”, the fact of the matter is that efficiency is still here. For some it is because the increased costs of utilities such as water and electric/gas. For others, it’s simply the sense of responsibility when it comes to the environment and protecting it. No matter the reasons, efficiency is still always looked upon more favorably by prospective homeowners.
As noted above, this particular improvement definitely needs to be considered, when looking at how much money you will recoup during the sale of your home. For instance, Solar Panels may not pencil out. That said though, perhaps a tankless water heater is a great option (especially if your water heater is due to be replaced).
Things like tankless water heaters, or even water efficient landscaping will save homeowners expense in the future, thereby making your home more attractive to them, than others.
4. Repair or Replace Any Broken Features In Your Home
Even though inventory is low in many markets, and we’re seeing home prices still at a high, homeowners should ALWAYS take into consideration the entire ramification of a particular remodeling project, if they want to recoup their costs when selling.
One of the most logical, and easiest to justify remodeling/improvement expenses would be anything that is replacing something that is broken or about to break. While it can be argued that homeowners may or may not prefer a Viking Gas Range to a GE Electric Range, it can be absolutely be assured that a prospective buyer will be greatly turned off when touring your home and discovering your stove is broken.
Getting rid of obvious problems or potentially large future problems can really pay off, as you prepare your home for the market.
5.Think Geek
Even old homes can be upgraded with electrical features and tech features that are not only affordable, but attract the attention of potential homebuyers. For instance, electrical sockets with built in USB plug in ports, pre-wired Wi-Fi, and even integrated sound throughout your home can really make potential buyers take notice. The more convenient they find your home, the better impression it is going to make on them.
Preparing your home for market is a little bit of art and a little bit of science. It can seem overwhelming, BUT the good news is we are always there to help you. If you are considering putting your home on the market, but aren’t sure where to begin, please contact us anytime. We’re happy to visit you at your home, learn about your goals, and make suggestions that will ensure you get the highest sale price possible for your home.
