This is a great time to be selling a house - or buying one. With housing prices at recent highs its no wonder million of homes are expected to change hands this year.
Buyers as well as sellers can benefit. That's because purchasing a home is comparatively cheap right now, thanks to still -low interest rates.
So how do you make the most money when you are on the selling side of a transaction ?
Learn how to make 10% more money when selling your home.
1. Clean up , clear out.
Cost range: $0 (DIY) to $2500 (pro)
Potential return : 3 to 5%
Nothing drives away would -be- buyers faster than clutter , grime, and weird smells that accompany a messy home. Imagine that your boss is coming over for dinner tonight with their spouse. Your home needs to be at least that nice.
De-clutter and depersonalize your home as much as possible. Buyers will have a hard time imagining themselves in your home if its filled with family Photos and other personal effects.
For sever cluttered residences or if your downsizing and need help consider hiring a professional organizer.
Before your home is ready to show, remember to open curtains and blinds, allowing for plenty of light, and give the entire interior a thorough cleaning including, dusting, vacuuming and wiping down of all surfaces. Your boss may not be coming over but someone who is in a position to write a very big check hopefully is.
2. Spruce up the kitchen.
Cost range: $300 to $5000.
Potential return: 3 to 7%
It is a fact, that the kitchen more than any other room, sells the home. The kitchen is among the most important room of the home to have in good shape before selling. That does not mean you need to drop thousands of dollars on a new one before putting your house on the market. Just make sure all the minor repairs that can lead to serious second thoughts for buyers are taken care of, the leaky faucet, the loose light fixture, the burn mark on the counter top.
Once you have made the Kitchen fully functional think about a general spruce up. For a few hundred dollars you can probable paint the walls, update the cabinet hardware, add new curtains or replace the blinds. These things will give the space a fresh new look.
If the Kitchen is badly outdated, increasing your budget to $5,000 might make sense. New stainless steel finishes could make all the difference.
3. Freshen up the Bath.
Cost range: $300 to $1,000
Potential Return: 2 to 3%
Buyers want to see that the home is clean and well maintained, especially in the bathrooms. Simple improvements like caulking around the bathtubs or re-grouting the tile flooring will go along way in the mind of a buyer. Installing new bathroom fixtures will make the space look brighter and more appealing.
4. Paint the rooms selectively.
Cost range : $100 (DIY) to $1000 (pro)
Potential return: 1 to 3 %
A fresh coat of paint is the quickest way to transform a room. But it probably does not make much sense to have your entire house painted prior to putting your house on the market. Try scrubbing the walls with a magic eraser first to see if that does the job, then maybe only 2 or 3 rooms need to be painted. Kitchens and bathrooms are complete candidates for a paint job given the high traffic they see. You should also paint any bright colored rooms . Most people do not have the vision of what the room could look like only what it currently looks like. If it is a bright or not neutral color then the buyer will simply walk away. Your home will be known to the buyer as " oh! that house with the bright red wall?"
As for the paint its self choose a paint that that does a good job in covering old paint and leaves smooth surfaces.
5. Enhance the exterior:
Cost range : $150 to $ $7,500
Potential return : 2 to 5%
You would not go on a job interview with out brushing our hair and putting on a crisp clean outfit. Nor should you try to sell your home with out sprucing up its exterior. Start with basic maintenance: mowing the lawn, trimming over grown shrubs, applying a fresh layer of mulch to the flower beds.
As with your homes interior, its also important to make any minor repairs, such as replacing cracked siding boards or re-pointing brick walls. Any house could probably use a good power washing. Follow up with necessary paint touch ups, especially to the front of the house, which will get the most scrutiny. It might even be worth repainting the entry door, providing that wont make the rest of the facade seem, tired and outdated.
The roof is another area to pay close attention to because prospective buyers are sure to do the same. The roof is another one of the important features of a home. Buyers always ask how old the roof is. To be able to say that the roof is new tells the buyer that the home has been well cared for, plus this project is usually a lot cheaper than people realize. Look for a project with a warranty that can be transferred to the next owner.
Author:Paige Parker Phone: 208-870-4287 Dated: October 30th 2015 Views: 734 About Paige: Hi, my name is Paige Parker. I was raised in Idaho and have a love for my state. I have a passion ...
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