Marjorie Youngren Team's Blog
Whether you plan on selling your house in the next few years, or if you just want to make some much needed updates to your home, renovations can be a great way to increase the value of your property.
However, not all updates will pay for themselves. Some upgrades that we want for personal reasons, such as building an addition for more space, could come back to haunt you if it isn’t to the taste of potential homebuyers in the future.
So, in this article, we’re going to talk about five simple updates to your home that have the best chance of increasing its selling price. That way, when you do finally decide to move on from your home, you can sell for the price you know your home is worth.
Improve your lighting
You don’t have to be a carpenter to increase the value of your home. When a potential buyer enters your home for the first time, two of the first things they’ll notice are the lighting and the spaciousness of the room.
Since lighting is an essential part of creating spaciousness, increasing the former will also increase the latter.
So, what are some ways you can increase lighting?
Add recessed lights to the ceilings of your home. It will open up space in the ceiling and allow for a greater number of lights overall.
Add lighting under the cabinets in your kitchen
Use large mirrors for decoration to increase lighting and create the illusion of spaciousness in smaller rooms
Painting for the modern homeowner
Home decor trends come and go. Not long ago, wallpaper was the go-to choice. However, the surest way to increase the value of your home is to use bright and neutral colors since, statistically, these appeal to the largest number of people.
Fresh paint and good lighting work together to make your home seem more polished and modern. And, for just a few hundred dollars, you can paint your whole home.
Remember, however, that it is easy to scuff up the walls in your home. So, it’s a good idea to paint closer to the date you think you’ll be trying to sell.
Low maintenance landscaping
While there are people who enjoy mowing the lawn on Saturday morning, those people tend to be few and far between. One thing potential buyers will consider when viewing your home is how difficult it will be to take care of the yard.
Adding an irrigation system, removing unnecessary obstacles, and planting hardy bushes and plants will woo potential buyers.
Upgrade the most outdated room in your home
If your home is in need of serious upgrades, it’s best to start with the room that needs it the most, especially if that room is a bathroom or kitchen. Replacing an old vanity or putting new tile down can be simple ways to spruce up a bathroom that’s looking dated.
Fix the little things
If you have a couple of years before you plan to sell, that gives you time to fix the small issues that you’ve noticed and will continue to notice. Maintaining your home now will give you less to worry about when the time comes to sell, and you don’t want to be dealing with leaking faucets when that day arrives.
An ambitious home seller may be better equipped than his or her rivals to enjoy a seamless property selling experience. In fact, this individual likely will go the extra mile to ensure buyers can learn about his or her house and make an informed purchase decision.
Believe it or not, becoming an ambitious home seller can be simple. Now, let's take a look at three tips to help you streamline the home selling journey.
1. Analyze the Housing Market
The local housing market may have major ramifications on the home selling journey. If you review real estate market data, however, you can differentiate a buyer's market from a seller's market. Then, you can map out your home selling journey accordingly.
Review the prices of available houses in your city or town that are similar to your own. Also, check out the prices of recently sold homes in your area and find out how long these residences were available before they sold. With this housing market data in hand, you can distinguish a buyer's market from a seller's market. Plus, you may be able to find innovative ways to differentiate your home from the competition.
2. Evaluate Your Home
Your home – like all other residences – has various strengths and weaknesses. If you perform a comprehensive home evaluation, you can identify your house's weaknesses and explore ways to transform them into strengths.
It may be helpful to schedule a home inspection prior to listing your residence. During an inspection, a property expert will walk through your home and identify any underlying house issues. He or she next will provide you with an inspection report that you can use to prioritize home repairs.
In addition, you may want to perform an appraisal. If you obtain an appraisal report, you can receive a property valuation that accounts for your house's condition and the current state of the housing market. You then can use this property valuation to establish an aggressive initial asking price for your home.
3. Work with a Real Estate Agent
A real estate agent understands the ins and outs of selling a home, regardless of the current housing market's conditions. He or she will help you promote your residence to the right groups of buyers and host home showings and open house events. Furthermore, a real estate agent will help you review any offers to purchase your residence and provide assorted house selling tips.
If you hire a real estate agent, you can receive lots of insights into the housing market that you may struggle to obtain elsewhere, too. Perhaps best of all, a real estate agent is prepared to respond to your home selling concerns and questions at any time.
For those who want to enjoy a successful home selling experience, it helps to prepare for the home selling journey. By using the aforementioned tips, you can become an ambitious home seller and quickly generate significant interest in your residence.
The market’s hot in your area and you want to sell your home, but your everyday life is busy. How do you find the time to prepare your home while still living there or plan a move and keep all the other plates spinning and balls juggling?
Prioritize, Plan, Put it in place
If you’ve lived in your current home for very long you may not be able to estimate how long it will take to get organized and ready. When fitting it in between everything else, you must prioritize so that you can focus on one thing at a time. In general, consider these five or six categories and the focus on just one: maintenance you can do, upgrades or repairs that require a professional, discards or trash, items to sell or give away, furniture and belongings to store, necessities to keep on hand.
You’ve been putting it off, but you know the gutters need cleaning or a couple cracked cover plates need replacing. These are items you can do yourself, you just need to make time to do them. Once you’ve made your list, take stock of supplies, tools, and parts you need. Plan a single trip to the hardware store on your way home from work to minimize time lost. Pick the easiest one, the one that you can do in a single evening. Do it right when you get home before other priorities interrupt you. Then on to the next one.
Upgrades or repairs
Some repairs—and many upgrades—are best when done by a professional. When your house needs to shine, a less than stellar repair job, uneven paint, or a visible patch could detract from your sale price. If you don’t know a qualified contractor for your needs, ask a family member, friend, or neighbor, or utilize one of the contractor's lists available online, or check with your local hardware store contractor’s desk for recommendations.
Let’s face facts, most of us keep far too much stuff. The first to go should be items that are no longer useful. Get all the trash out of your garage, attic, closets, and drawers. If it’s broken and not easily repairable, let it go. Contact your trash service to find out when the next bulk pickup day is or arrange for extra service. Having a date creates a deadline and may motivate you to do it quickly. Get the whole family on board to help.
Sell or give
Place items on Craig’s List, Offer Up, or Facebook Marketplace if you can. But remember, your time is a valuable commodity so taking the time to sell objects online or at a yard sale could have diminishing returns. If your neighborhood has a community sale date, box items up and set them aside for that one day. Otherwise, give your items to charity. Be sure to list all the items you give and get an acknowledgment receipt from the charity. The IRS has tables of fair-market value for well-cared-for and useful items, so pass the list along to your tax preparer.
If you have extra furniture, collectibles, or seasonal items, it pays to put them in storage while your home is on the market. Cluttered and overfilled homes tend not to show as well as those with more streamlined furnishings.
Organize the necessities
What you can’t get rid of or store—those pesky necessities of life that keep your home operating smoothly—organize! That way, when your real estate professional calls, your home is ready to show at a moment’s notice.
Believe it or not, a home listing may make or break your ability to sell your residence. If your initial home listing fails to stir up interest from property buyers, there is no need to stress. In fact, there are many quick, easy ways to bolster a house listing.
Now, let's take a look at three tips to help you transform an ordinary home listing into an exceptional one.
1. Include High-Quality Home Images
High-quality images that showcase your home's kitchen, bathrooms and other areas could help you differentiate your residence from other available properties. Perhaps most important, these images may make it easy for property buyers to fall in love with your house – something that could lead to many home showings in the near future.
If you plan to take photographs for a home listing, it is important to clean your residence and remove clutter in advance. That way, you can use images to showcase the true size and beauty of your house.
Also, if you need help with photographing your house, you may want to hire a real estate photographer. This professional can help you capture top-notch images of your home that you can instantly incorporate into your house listing.
2. Provide Accurate Information About Your Home
A home is a major investment, and as such, you should strive to provide buyers with as much information as possible about your residence. By doing so, you can make it simple for a buyer to determine whether your residence is the right choice.
Oftentimes, it helps to include room measurements, information about recent home upgrades and other relevant details about your residence in a property listing. Consider the buyer's perspective, and you may be better equipped than ever before to include home details that could help you differentiate your residence from the competition.
3. Be Honest with Property Buyers
There is no need to stretch the truth in a home listing, and doing so may do more harm than good as you try to sell your house. Instead, be honest, and you can craft an effective house listing that hits the mark with the right groups of buyers.
Lastly, as you search for ways to improve your home listing, you may want to collaborate with a real estate agent. This housing market professional will help you navigate all stages of the property selling journey and ensure you can achieve your desired home selling results.
A real estate agent will learn about you and your home and help you put together an engaging and informative house listing. Then, he or she will host home showings and open house events. And if you receive an offer to purchase your home, a real estate agent will help you review this proposal and determine the best course of action.
Eliminate the guesswork associated with preparing an effective home listing and other property selling tasks – hire a real estate agent today, and you can get the help you need to streamline the home selling journey.
Ready to embark on a new adventure? List your house, and you may reap the benefits of your decision for years to come.
Ultimately, there are many reasons why you should consider kicking off the home selling journey today, and these include:
1. You could profit from a home sale.
Diligent home sellers generally have no problem showcasing their properties to dozens of prospective buyers and generating significant profits. If you know how to effectively promote your residence to property buyers, you could enjoy substantial profits from your home sale.
Oftentimes, it helps to bolster a house's curb appeal prior to adding a residence to the real estate market. A home only gets one chance to make a positive first impression on buyers. And if your residence boasts a dazzling front lawn, pristine siding and other stunning exterior features, it may be better equipped than other properties to stir up interest from buyers.
You may want to get your house appraised too. This ensures you can get a property valuation from a home appraiser and establish a competitive initial asking price for your residence.
2. You can upgrade or downsize.
Although your present home may have suited you perfectly when you initially bought it, now may be a good time for a change. Fortunately, you can upgrade or downsize as needed if you sell your home.
Think about your current living situation and future plans. Then, you can simultaneously list your residence and search for a new house that matches your criteria. And once you finalize your home sale, you can seamlessly relocate to a new address.
3. You can live closer to family members and friends.
If you enjoy spending time with family members and friends, you may want to find a house that is close to these loved ones. Meanwhile, if you currently are forced to deal with a long commute to visit loved ones, listing your house may help you take the first step to live near family members and friends.
When it comes to finding a house near loved ones, it may be beneficial to hire a real estate agent as well. A real estate agent can help you list your current residence and search for a new home close to family members and friends. That way, you can get the support you need to accomplish your desired goals.
During the home selling process, a real estate agent will showcase your residence to potential buyers and negotiate with a buyer's agent on your behalf. He or she also will respond to any concerns or questions that you may have throughout the house selling journey.
Furthermore, if you need to find a new home once you sell your current residence, a real estate agent is happy to assist you. This housing market professional can keep you up to date about available properties in your preferred cities and towns and help you find your dream residence.
Hire a real estate agent today, and you can receive expert guidance any time you want to sell or buy a house.