SELLER TIPS
With the demand and availability of inventory at an all time low, the real estate market continues to be favorable to sellers. Listing your home for sale is an excellent way to make a profit to purchase another home, or invest in other economic endeavors.
Below are four reasons why you may want to consider listing your home for sale, including some home improvement tips to help increase the value of your home before selling.
- MARKET TRENDS
- Currently there is an unceasing demand for housing in most of the country and not enough homeowners to meet the supply. This means that there is an overflow of buyers, less competition and lower mortgage interest rates. Regardless of the type of home you are selling, you can be sure to receive multiple offers from interested buyers, investors and organizations.
- PERSONAL REASONS
- A new job, marriage, divorce or illness can all be personal reasons necessitating the need to sell your home.
- FINANCIAL REASONS
- A change in the value of your home or a downturn in the economy may be a driving force behind your decision to sell. If you are going through a financial hardship, bankruptcy, unemployment, or a medical emergency, selling your home would allow you to make a profit and potentially buy another home when ready.
- HOUSING MATTERS
- A growing family or the desire to downsize your home are both excellent reasons to sell your home. If remodeling is not an option, it may be more economical to sell your property and relocate to a location that is better suited to your needs.
Home Improvement Tips
When it comes to selling your home, making improvements not only enhances the curb appeal but also adds substantial value to the land, resulting in a higher sale price. If you’re on a budget, these home improvement tips will help you increase the value of your home without “breaking the bank”.
- Initiate a home inspection. A home inspection can expose hidden but remediable problems that you may have been unaware of. When termite infestations, mold, rotting roofs, faulty electrical units, water leaks, and other minor problems are discovered, the value of your home can be dramatically reduced. An inspection will allow you to quickly identify and fix these problems before they become too costly.
- Bright and neutral paint attracts more buyers. Changing dark wall colors to bright, neutral colors will attract and appeal to more buyers. Soft, neutral paint tones are more inviting and tend to make rooms appear bigger and cleaner.
- Invest time, effort and money into landscaping. From lawn care to planting trees and shrubbery, a well manicured outdoor space will significantly increase curb appeal and attract more buyers.
- Remodeling your home. A traditional style house can be converted into a modern or contemporary home with a simple remodel. A cramped kitchen can be transformed into a deluxe kitchen by replacing obsolete cabinets and/or worn out fixtures, adding a decorative tile back splash, and knocking down walls to add space. Simple bathroom renovations can also be accomplished by replacing the paint, cabinets, light fixtures and tile flooring.
Let Us Guide You
At Faith Properties, we know that selling your home can be an overwhelming yet exciting experience. We have the knowledge, expertise and negotiating skills to guide you through every step of the process. Give us a call today!
