Top 5 improvements for spring home sellers
Top 5 improvements for spring home sellers
(ARA) - To get your home sold at a good price in a buyer's market, you need to know what to invest in - and what not to invest in.
Which of these features is more appealing to home buyers: custom cabinetry in the kitchen or a home security sign by the front door? The answer may surprise you.
After the weakest year on record for new home sales, real estate agents and homeowners alike are anxious for sales to rebound this spring. For home sellers, staying competitive with strategic home improvements will be the key to success. So before you plant that "For Sale" sign in your yard, check out the five home improvement hot spots that could help your home stand out in a crowded market.
1. Kitchens and baths
Any realtor will tell you - kitchens and bathrooms are the most important rooms in your home. But in today's market, a major remodel is probably not worth your money. Modernizing older styles may be all that's necessary to maximize your return on investment. Ditch your plans for custom cabinets and consider resurfacing and replacing hardware. If you are going to spend money, use it for high-quality flooring, countertops and updated appliances.
2. Front yard landscaping
Your house can only make a first impression once, so the outdoor appearance is nearly always a safe investment. Take a moment the next time you pull into your driveway to spot problem areas. Simple updates such as planting fresh flowers, weeding and edging the lawn, power washing siding and resealing driveways and sidewalks can make a huge difference. And keep it simple. A high-maintenance yard can detract from your home's selling potential.
3. Windows
Buyers see outdated windows and immediately wonder what the cost will be to replace them. Old, worn or cracking frames remind people of the age of your home and could be significantly decreasing your chance for an offer. Take advantage of the incentives that are available for energy efficient renovations and make these important updates now. You'll start making money back immediately with tax credits and energy savings, and potential buyers will notice the difference.
4. Security systems
If someone does not feel safe in your home, they will not want to buy it. Every detail counts when helping a potential buyer imagine their life in your home. Often overlooked, alarm systems can be pivotal selling points in competitive real estate markets. Installing a wireless security system will also deliver immediate benefits to you as a home owner and also may lower your insurance. Shop around to see if major brands are offering deals on security systems in your area.
5. Small-scale updates
Fresh paint, crown moldings and new trim can do wonders for the look and feel of a room and are relatively inexpensive updates if you have the time to do them yourself. Similarly, projects such as built-in shelves or new lighting fixtures can make your house the one that stands out amongst the competition.
This year is full of potential for the real estate world. If you are putting your house on the market, remember to be realistic about your budget and your competition. Do not upgrade beyond the value of the other homes in your neighborhood. And put a hold on non-essential projects such as add-ons, garage conversions and pools. Shrewd home improvement decisions now could make the difference between a sale and a standstill on your block this spring.
Courtesy of ARAcontent