The real estate market in the Lehigh Valley has quickly become a buyer’s market, but the number of available buyers has decreased due to unemployment and the downward trend of the economy. If you are a home seller, or are planning to sell at some point, there are a few things that buyers are looking for when viewing potential houses. If the right upgrades and changes are made, you can give your home an advantage over the competition. Having a home that appeals to the largest number of buyers will give you the best return on your investment and help it to sell quicker.
The largest return on your investment will come from upgrading and modernizing the kitchen. Homes priced above $300,00 are recommended to have granite counter tops, or a comparable option, but be sure to find out what the competition’s kitchen’s look like, so as not to overspend on upgrades. Over-upgrading can be a costly mistake, so make sure your Real Estate agent is knowledgeable about the competition. Refreshing your kitchen will be one of the best ways to prepare your home for sale.
The largest number of buyers represent the group that prefers to “move right in”, meaning that if your walls are still covered in the wallpaper your grandmother picked out, it can be a huge turn off. Most buyers will not give much thought to purchasing a home if they have to change every room. A good recommendation to appeal to more buyers is to have the wallpaper removed and a fresh coat of paint on the walls. Painting is a relatively inexpensive way to completely transform the look of a room, and is a perfect way to attract interest. When choosing paint colors, remain neutral to match any one’s taste and decor.
Minor Repairs and Exterior
Upgrading the kitchen and enhancing the home with fresh paint are two places to start when thinking of putting your home on the market. Completing minor repairs and small projects that many people can do themselves will also help to give you a leg up on the competition, like replacing or repainting the front door. The exterior is the first impression potential buyers will have of your home. In addition to sprucing up the front door, get a matching mailbox, and make sure to weed and maybe add flowers to the stoop.
Upgrades and Staging
Making upgrades to your home will help you sell your home quicker and make the transition to the next phase of your life. In addition to modernizing certain areas of your home, having it professionally staged will give your home the full advantage over all of the competition. Home Staging is visually preparing the home for sale, to make sure it appeals to the largest number of buyers. A staged home typically sells for more money than a home that is not professionally staged.
What tips do you have for home sellers getting ready to put their home up for sale?
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