In today’s fast-moving market, many homeowners wonder what if anything needs to be renovated before selling their home. That’s where a trusted real estate agent comes in. I can assist you in thinking through current market conditions and how they affect what you should and should not do before selling your home.
Here are some considerations that a professional will help you with.
Buyers today have more options than they did last year because the supply of homes for sale has increased so dramatically this year. That may mean you’re not able to ignore some of those repairs or cosmetic updates you could have skipped in previous months. As a recent article from realtor.com says:
The key word here is selective. Since it’s still a sellers’ market, focusing on a few key areas may be enough to make your house stand out from other options. And since inventory is still low overall, it’s also possible buyers may be willing to handle the renovations themselves once they move in. It all depends on buyer demand and the available inventory in your local area. For advice on what’s happening in your market and what to do to make your house show well, lean on a professional.
In addition to ensuring that your home makes a good first impression, you should think about the return on investment (ROI) for any renovations. According to the National Association of Realtors’ (NAR) 2022 Remodeling Impact Report, the following projects may yield the highest return when you sell your home (see visual below):
Again, your best resource is having a good real estate advisor. When your agent comes to your home for a walk-through and consultation, they’ll use their knowledge to advise you on what you might need to repair, replace, or refinish. They also know what other sellers do before listing their homes, as well as how buyers react to those upgrades, so they can point you in the right direction. According to Dr. Jessica Lautz, NAR’s Vice President of Demographics and Behavioral Insights:
Make sure your real estate professional is aware of any projects you’ve already completed or those you intend to complete before listing. They’re not just a resource to help you decide where to direct your efforts; they’re also skilled at highlighting any upgrades in your listing. Potential buyers will be aware of the features that may help them decide to purchase the home.
You can message me for expert advice on what work needs to be done and how to make it as appealing to future buyers as possible. Every home is unique, so speaking with an agent is essential to ensuring you make the right decisions when selling this season..
In today’s shifting market, it’s important to spend your time and money wisely when you’re getting ready to move. Work with me to find out where to focus your efforts before you sell.
Article source: keepingcurrentmatters.com;NAR; realtor.com
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