The “spring market” is coming (the groundhog could not find his shadow!) if you are thinking of selling here are some tips to get ready. List with the Listing Company of CNY and a 10% commission rebate will help pay for some items.
Anyone selling a home wants to pad the profit margin and get top dollar. Yet, buyers on the other end want to make sure they’re getting a fair deal for their money. Fortunately, it’s possible to make both parties happy at the closing table. It all starts with an honest look at the house and careful evaluation of how well it matches up with the potential buyers’ expectations. With these renovation tips for getting the best selling value help sellers prepare their properties for a big sale.
First Impressions Count!
When it comes to real estate, first impressions count. In fact, many buyers decide within a few minutes whether they want to add a home to their short list of options or ignore it altogether. For this reason, spending a little time and money on the entryway pays off. The to-do list for this task should include the following:
- Take down old spider webs. Include the furnace, webs and dust can make a newer furnace look old. Same goes for the hot water heater!
- Sweep the floors.
- Shampoo carpets. Hire a professional service or rent the equipment at the local hardware store.
- Remove or replace broken furniture. Remove as much clutter as possible, pack up that collection of Avon™ bottles and personal effects (photos…etc).
- Repair broken doorbells.
- Spruce up the area with potted plants, flowers, and throw rugs.
- Wash windows inside and out. Buyers are going to check out the view and the neighbors.
Homeowners who don’t have the time to clean themselves should hire a professional cleaning service to do this for a few hundred dollars (our commission rebate will help). One final consideration for the entry area is replacing the existing door, especially if it shows signs of age like, is drafty, or doesn’t fit the house’s architectural style. This project has minimal costs and brings a 75 to 100 percent return on the investment (see our post regarding return on investment (ROI) for renovation projects.
Give the house room to grow.
In general, buyers still prefer houses with open floor plans that offer flexibility. According to Consumer Reports, millennials say this is the second-most important characteristic they look for in a home. To create this, sellers can remove non-structural walls like a partial divider between a kitchen and living room or replace a bulky kitchen island with a portable one that frees up room in the center of the kitchen. In small rooms, replace heavy drapes with shutters or blinds that create a streamlined look or install cabinetry or storage units to keep space-hogging clutter out of sight. Other ways to show off the flexibility of the floor plan include finishing the basement and converting the attic to an additional bedroom or office space.
Find the right floors.
Buyers inspect houses from top to bottom, and they pay a lot of attention to the surface they’re walking on. Sellers need to replace broken tiles or damaged laminate flooring, scrub stains out of carpet, and spruce up natural hardwood. Updating the flooring doesn’t cost as much as other home renovation projects, and it makes a big difference in the impression of the home. Flooring is also an important consideration for buyers who have concerns about allergens. Instead of carpeting, they prefer hard-surface floors like laminate or tile since they are easier to clean and do not harbor potentially dangerous allergens.
Give the heart of the home some character.
Kitchen remodels still rank at the top of the list of most desired home renovations, which should be no surprise since the kitchen is the busiest room inside. These renovations range from simple upgrades of fixtures and hardware to complete remodels, such as replacing the following:
- Cabinet and drawer knobs-consider painting older cabinetry. If you aren’t confident in your painting skills consider hiring painters. Women At Work specialize in painting cabinetry.
- Appliances and sinks. Clean the oven, make sure the oven light works, and replace the burner drip pans (very inexpensive).
- Cabinets or cabinet doors
- Counter tops. Keep the counter tops as uncluttered as possible. Cluttered counter tops make a kitchen appear smaller. Consider some under-cabinetry lighting to make the kitchen brighter and inviting. Consider replacing those dated laminate counter tops. Davis Brothers have been installing counter tops for local home-builders for years doing great work at reasonable price.
- Faucet. Make sure the the sink sparkles-No dirty dishes please.
Stainless steel appliances remain popular with buyers who enjoy the sleek, modern look they bring to the room. Try not to mix and match appliance finishes-buyers end up trying to decide which is the older appliance.
Good luck selling! Central New York is still a sellers market. Don’t forget to call the Listing Company of CNY before listing…our 10% commission rebate can help pay for those pre listing touch-ups! Establishing value is key…we provide ePropertyWatch™ free of charge.