Are you planning to renovate your home before selling it? Or is it really worth the trouble? Houzz.com, the leading home decor and remodeling website dishes out points to solve your woes when it comes to staging your home to make a good deal out of your sale.
1.Your real estate market. Consider how the real estate market is in your locality. Is there a fast or a slow turnover? Do you actually have a market for your home?
2.Immediacy. You need to determine if you really need to sell your place immediately, be it because you already have a new place to move in or you need to relocate for work. The immediacy would dictate the kind of repairs that you need. So, if you need to sell your property fast, do the quick repairs which can help you sell your home at a great deal.
3.Comparing your home to other homes in the market. Is your home in good condition compared to other properties within your market? You may want to scoop out the competition by looking at other properties in your vicinity or even attend open houses to get an idea of how yours fare in the market.
4.Red flags that may cause negative impressions. Faulty systems in your homes such as broken appliances, leaky faucets, cracked flooring and unmaintained lawns might give potential buyers the impression that your property is not being taken cared of. Take care of these details as these can send red flag signals and take you out of the buyers’ lists.
5.Cheaper alternatives. Remodeling your kitchen to make it modern and updated is a huge, expensive project that will cost you time and money. Instead, think of cheaper alternatives such as repainting your kitchen walls, changing your hardware, installing new lighting fixtures and bringing in newer models of appliances will help make your property more competitive sans the high cost.
6.Lowest price for unfixed property. If you don’t want to go through the costly repairs and renovations for your home, you should consider how much you’re willing to go down on its cost. Potential buyers may think of buying your property but they will surely ask for a lowered cost. Discuss these concerns with your realtor so you can offer a price that will make your buyers think that it’s worthy of their money.
7.Your buyer’s first impressions. If you are not sure whether to tackle a repair or not, you should ask yourself if this is one of the first things that your buyer will see. If it is, then better fix it.
8. Potential deal breakers. Major features of your home such as the roof and the kitchen can make or break a deal. There are three options that you can take with this. You can skip the repair and sell it at a lower price or you can sell it first and then strike a sales agreement with the buyer that you will take care of the repair. However, if you have time, better do the major repairs prior to selling your place.
