Why Fixing Up Your House Can Help it Sell Faster
If you’re thinking about selling your house, you should know there are buyers who are ready and able to pay today’s high prices. But they want a home that’s 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 think about it. They’re having to pay a lot of money for a house in today’s market. That means they may not be able to easily afford upgrades after they move in. So, if your home is outdated or needs some work, buyers might pass it by or offer a lower price than you were hoping for.
And there are a lot of homes that need upgrades right now. Millions are entering their prime remodel years, meaning they’re between 20 and 39 years old. Maybe yours is one of them. According to John Burns Research and Consulting (JBRC), the number of homes in their prime remodel years is high and growing (see graph below):
If your house falls into this category, it's important to consider making selective updates to help it appeal to buyers, so it sells faster. But how do you know where to spend your time and money?
How Your Employee Homeownership Program Can Help
Leveraging the insights from your Employee Homeownership Program can significantly enhance your home-selling strategy. Understanding what today's buyers are looking for and what they're willing to pay for it can be the difference between a profitable sale and costly, ineffective upgrades. As experts in local market trends, our program advisors can guide you away from unnecessary expenses. For instance, while granite countertops might seem like a valuable addition, they may not always offer a return on investment if buyers in your area are not particularly swayed by such upgrades. Our program helps you focus on renovations and improvements that truly increase your home's appeal and market value, ensuring you invest wisely and maximize your returns.
Bottom Line
Selling a house right now requires more than just putting up a For Sale sign. You need to make sure it’s in good condition to attract buyers who are willing to pay today’s high prices. The way to do that is by making smart improvements that will give you the best return on your investment. Let’s work together so you know what buyers are looking for and what your house needs before selling.
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The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Advantage Home Plus does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision.
Category: Home Sellers
