As the events of the last few years in the real estate industry show, people forget about the tremendous financial responsibility of purchasing a home at their peril. Here are a few tips for dealing
What To Fix Before Listing Your Home
Home selling is as difficult as buying a house. You have to be sure that your house would really sell and not just sit on listing websites. Moreover, to be able to sell like hot cakes, you should have an inspection around the house to make sure that nothing is breaking, leaking, etc.
A lot of people renovate the entirety of the house first before selling. Well, it can help, but you really need not re-do everything.
"In competitive markets where prices are through the roof, like San Francisco or New York City, you don't really need to do renovations before selling. But in other places where inventory is going up, your house needs to measure up to the other listings on the market,"says Mike Aubrey, a Realtor with Long & Foster Real Estate in Gaithersburg, MD.
Here are some of the features of the house that will be needing upgrades and some that don't, according to Realtor.com:
Walls and floors
Just replacing or refinishing the house floors and repainting the walls will give your house a whole new look. Plus, this will enhance the price that you can put on the house. However, make sure that you know the paint that you will be using. Do some research as to which colors are currently trending.
Replacing your current door to a more sturdy and strong one like a new steel door will give you a 101.8% return on resale according to Remodeling magazine's 2015 Cost vs. Value Report. Moreover, a newly-installed garage door will make buyers think of your house as more secure, too.
Roof and siding
A new roof will make an impression to buyers that your house has been given extra care. So, they won't be having problems in the long run.
Kitchens are as important as bedrooms. Having a modern kitchen is one of the most sought-after features of buyers, especially for those who love to cook. Make sure to replace, renovate or repaint your kitchen first. Having the latest appliances also helps in selling the house sooner.
Upgrades to skip
Don't even think of renovating the attic or the basement if there is nothing wrong with them. Moreover, major renovations should be avoided for the bathrooms, bedrooms, and home offices, according the Remodeling report.
Are you selling your home? What kind of renovations are you planning to do?
Sam Lepore is a Realtor with Keller Williams in Moorestown, NJ. Call him today at 856.297.6827 ....