WHERE TO UPDATE YOUR HOME TO INCREASE HOME VALUE
Sometimes people have the funds to update their home before they sell it, in order to increase the overall value.
The question usually asked is, "How much money should I put into my renovation and where should I spend it?"
The SINGULAR room in your home that will get you the most bang for your buck is the KITCHEN.
No matter what your budget or home goals, there's one simple and cost-effective update that can get you the most money when you sell: updating your kitchen. Whether it's a total gut job or just adding some more efficient appliances, kitchens are consistently one of the biggest sellers in any real estate market. Here are some ways you can update your kitchen - from the full remodel to less expensive options in updating a kitchen.
A new kitchen and bathroom are big ticket items, but they're also some of the most valuable improvements you can make to your home. From replacing appliances to new cabinets, adding granite countertops, and installing a backsplash, these updates have a long-lasting effect on your home value.
If you're looking to sell your home for top dollar, you should consider replacing outdated countertops. Replacing outdated countertops will make a huge difference in your house's resale value.
Picking a fresh color or painting a room is one of the easiest ways to make a home feel like it has new life. When you paint, your walls may look new and bright again, and even your old furniture can look modern with a coat of paint on it. Choosing paint colors that are popular for houses in your area will help you get more money when you sell because buyers don't have to worry about stepping outside their comfort zone if they like what they see at first glance.
Stainless steel appliances can add over $15,000 to your home's value. If you're planning on selling your home anytime soon, it might be time to upgrade your appliances to stainless steel. Stainless steel appliances will often make buyers think of high-end kitchens and may prompt them to offer more money than if they were seeing a kitchen with more traditional materials like laminate or granite countertops.
You've made the decision to sell, now what? What needs to be done?
Here's a few things to think about:
If you know the gutters are falling down and need to be tightened up, Do it! First impressions count and Curb Appeal is the first impression that someone has of your house. Take a good hard look at the exterior of the house and see what loose ends need to be fixed.
Let's just make this easy… Fix everything that needs to be fixed in order to sell. If you are questioning this or money is tight, let's chat. I'll come over and tell you what has to be done. FYI, if some items are not repaired, it may have to be reflected in your listing price.
You knew I was going to say this!
Please, please don't make me tell you the following. It is so incredibly awkward to do so…
Here's the deal, you probably don't even realize it because you are used to it. But a buyer will definitely notice the smell. Here's some of the causes:
The HOUSE NEEDS To SMELL CLEAN. Time for spring cleaning. Throw away what you can. Those things need to go into the trash can, need to leave. This also is good for the decluttering process. Wipe down walls, baseboards, floor boards, air it out and don't just cover it up with an air freshener. That is definitely a sign to the buyer that you are covering up a bad smell.
Ugh... I know that's incredibly harsh, but sometimes it's the unpleasant conversation that has to happen in order to sell your home. Just try to see and smell your home from the buyer's perspective.
Balance – Sometimes, the "against the wall theory" is not the greatest idea. Is the room balanced? Is all the furniture to one side? Create a balance so that there's a natural walking flow path around the sitting area.
Function - Lighting, use natural and ambient lights. Living rooms (even formal) should have a coffee table and a place to put down a drink.
Color – Neutral with a splash of color.
We all know that living near a good school increases the value of your home. But who knew a neighboring cemetery can adversely affect your property value? Or that proximity to a hospital isn't a good thing? In fact, we now know—or should know—that nothing is more important when selling your home than your neighborhood. So if you're buying, think ahead; purchase your dream home in the wrong location and you may be buying into a nightmare.
Here are some location no-nos:
Among the amenities to look for in your neighborhood-to-be:
With a little bit of forethought, selling a home doesn't have to be a difficult process. Here are some things you should think about:
What needs to be done? Fix Repairs, Declutter etc… Staging. How can you stand out from the competition? Curb appeal, Move-in condition
Zestimate, Realtors. What you should be looking at.
1) Marketing Buzz
2) Someone to give you advice on which improvements to tackle
3) What the listing contact says and how it reads
4) Communication within 24 hours. What we expect of you … that you're flexible, try not be offended, and that you do respond and communicate as well.
Everything is Negotiable – Go through contract – Price, Closing time, possession time etc…) See if from the buyer's perspective (meeting of the minds) Results – What's your End Goal?
Ok, so that was just a tease because I am a great Realtor and I do hope you use me to help your sell home. What I will do, is say it like it is, give you all the information you need, and lead you through all the steps.
Let's face it, all you care about is that your home gets sold for top dollar, in your time frame, and with the least amount of hassle. Correct?
First Question… What is your time frame for selling? If you need to be at a new job in 60 days out of state, and once you receive an offer on your house (typical time frame is 45 days from start to finish), then there's not much time to do much of anything but put your home on the market.
Here's where a good Realtor comes into the picture. They should be able to answer the typical time frame for selling in your neighborhood, the best marketing strategy for selling, how the listing price will be determined, what the staging process looks like, the hurdles in selling your home, the best way to stay in contact with you. Their job is to take care of you their client and handle all these things that you may not have time to deal with.
If you would like some help, you have my number and email. :)
How are you going to find a buyer for your home? You need to think like a buyer. Put yourself in their shoes.
What are the buyers looking for? Does your home have those features? What type of buyer is the perfect fit for your home?
In order to think like a buyer, you need to know WHO that person may be? Does your home attract the first-time home buyer or someone looking for a second home? About how much they would have to make in order to buy your house at your price range? What makes them tick?
The Typical Buyer
Who is YOUR perfect buyer for your home?
What does YOUR perfect buyer need?
Are they looking for a certain school district?
How many beds/baths will they want?
Want a backyard?
Need a basement?
Want an updated or open kitchen?
They work from home and need great internet speed?
In the good ole days, we used to advertise in the newspaper. What's a newspaper, you say? Exactly! Now, it's a race to see who finds your home the fastest and what's the best way to market online?
There is a lot that goes into marketing your home. The goal is to give you the most exposure to drive up the price, to have you bank the most money! Creating a Marketing Buzz is the best way to get that result!
Contact me if you are interested in seeing how I create a "Marketing Buzz" around your home!
So, you've been thinking about selling your home but are questioning if NOW is the time to sell? How's the market? Is it a buyer's market, seller's market? Will my home sell quickly? Do I have enough equity? If I do sell, what's next?
First things first, the home selling process begins with the decision to sell. Here's what's funny. As a Realtor, we tend to forget how this process goes until we actually have to go through the home selling process ourselves. And while I know the ropes inside and out, it was still stressful, it was emotional, and it was a lot of work to get the home ready to sell BUT…
I sold my home three years ago after making the decision that it was too much work for me to maintain. I went through a divorce a few years back and held onto the house, for a secure place for my kids to come HOME to. Once, they graduated from high school and were heading off to college, I knew it was time for me to move on. It was my opportunity to pursue what I really wanted, which was a home on an all-sports lake. I have so many fond memories of going to my grandparent's cottage and spending time on the lake, that I know this is my dream home. My lifestyle changed. My kids moved out of the house. Now, it was time for me to pursue my dream home.
Start planning ahead…
One of my Favorite Life Hacks I use this life hack every year when I reset my goals. I absolutely love it! Thanks to Dean Grazoisi and his book Millionaire Success Habits.) Check it out…
Sometimes, we need to look at the bigger picture of life, and then make a plan to get there. I have the plan to get you where you want to go and lead you through the process!