Thinking about selling your home? Buyers want move-in-ready properties, even at today’s high prices. Making strategic updates can boost your home’s appeal and help it sell faster. Let’s explore how to make smart improvements that attract buyers.
If you’re considering selling your house, it’s important to know that there are buyers prepared to pay today’s high prices. However, they are seeking homes that are move-in ready. A recent press release from Redfin explains:
“Buyers are still out there and they’re willing to pay today’s high prices, but only if the house is in really good shape. They don’t want to spend extra money on paint or new appliances.”
It makes sense when you consider the current market. Buyers are paying a premium for homes today, which means they may not have the funds for upgrades after moving in. Therefore, if your home is outdated or requires some work, buyers might pass it by or offer a lower price than you anticipated.
Many homes are currently in need of upgrades, with millions falling within the prime remodel age range of 20 to 39 years old. Your home might be among them. According to John Burns Research and Consulting (JBRC), the number of homes in their prime remodel years is substantial and increasing (see graph below):
If your house is in this category, it’s crucial to consider making targeted updates to enhance its appeal to buyers and expedite the sale. But how do you determine where to invest your time and money?
Why a Real Estate Agent Is Essential
Collaborating with a local real estate agent allows you to strategically plan home improvements, ensuring your investments are wise. Simply put, not all upgrades are cost-effective. As Bankrate states:
“Before you spend money on costly upgrades, be sure the changes you make will have a high return on investment. It doesn’t make sense to install new granite countertops, for example, if you only stand to break even on them, or even lose money.”
And, as the same Bankrate article explains, this is where a local real estate agent becomes essential:
“. . . a good real estate agent will know what local buyers expect and can help you decide what needs doing and what doesn’t.”
Your agent understands what buyers in your area desire and the price they are willing to pay. Together, you can avoid unnecessary expenses on upgrades that won’t yield a return. Instead, they’ll advise you on which improvements will enhance your home’s appeal and value.
Key Takeaway
Selling a home today involves more than simply placing a For Sale sign. It’s essential to ensure the property is in excellent condition to attract buyers willing to pay top dollar.
The key is to make strategic improvements that maximize your return on investment. Connect with a
Benson & Mangold Agentto identify what buyers want and what updates your home needs before listing it.
