The much awaited 2017 spring real estate market is here! For much of the country, Chester County included, it’s a seller’s market. This means that inventory is low and buyers are actively competing for the homes that are available, driving up the prices. If you’re a seller or are thinking of listing your home this is great news! While it might be tempting to list your home “as is” and skip any renovations, doing so may end up hurting your bottom line. Here are 6 tips to getting the most money for your home in the 2017 spring real estate market.
Repaint with Neutral Colors: We’ve said it before and we’ll say it again, repaint your home before putting it on the market. While you may love your green living room and orange bedroom your buyer might not which could result in a lower offer or force them to walk away from your home altogether. Most buyers want to be able to envision their lives and their stuff in your home and it is much easier to do that with neutral paint. White and off-white wall colors are very trendy right now which only adds to their value.
If your walls are already neutral but the paint looks dirty or dingy it’s also a good idea to repaint so the house looks clean and fresh. Painting with neutral is an easy and low-cost update that can definitely add value to your home.
Freshen Up What’s Old: Once your home is covered with a fresh coat of paint, old carpets or damaged hard surface floors can begin to look dirty in comparison. Consider swapping out old carpet or area rugs for new ones, refinishing scratched hardwoods, or replacing damaged hard surface floors with a clean new flooring. This investment will help your home look cleaner and newer making it more competitive in the market and drawing in more highly qualified offers.
Finish off the Honey-do List: If you think that listing your home means that you can toss the honey-do list think again! Little things like leaky faucets, loose doorknobs, and rocking toilets may make your home feel like it wasn’t well maintained to a seller and make them wary to put in an offer. It may cause them to think “If these simple fixes haven’t been taken care of what other underlying issues could there be?” Many of these fixes only take a few minutes or hours over a weekend to complete and in the end, could lead to a bigger offer.
Amp Up the Curb Appeal: It’s true that you never get a second chance at a first impression and the curb appeal of your home will set the tone for how a potential buyer will feel about your house. A fresh cut lawn, well-manicured shrubs, and fresh flowers can do wonders in the eyes of your buyer. However, you don’t need to run out and hire a professional landscaper. Simply spend some extra time cleaning up your garden beds, cut back overgrown shrubs, clear out dead plants, and plant a few new flowers.
Skip The Tech Upgrades: Unless you’re already into some of the new trendy tech items you don’t need to invest in them to receive top dollar for your home. While it might be nice to have, not everyone wants to have everything they own connected to the internet and the technology hasn’t caught on enough yet for items to be considered added equity. Instead, consider updating your metal fixtures like faucets, drawer pulls, or door knobs with that money instead.
Tidy Up: No matter what season you’re selling your home, a clean and decluttered home will sell faster than a dirty, cluttered home. Even though it’s a seller’s market, new buyers aren’t willing to settle for something that’s not ideal if they don’t have to. So keep your home looking fresh and clean by putting personal items and clutter in storage and tidying up before a showing.
Are you getting ready to put your home on the market but know that you need to make a few upgrades first? Trust the experts at Bob Wagner’s Flooring America to help you upgrade your home so that it looks desirable to buyers but is also an investment that, as the seller, you can recoup in equity.