Do some research: use the internet, talk to REALTORS®, speak with a professional stager or even visit open houses in your neighbourhood. Once you have an understanding of how to show your home in its best light, make a comprehensive list of the items that need to be addressed prior to having real Buyers coming into your home. If you’ve already selected a REALTOR®, try to be as straightforward and clear as possible with him or her. Remember that your REALTOR® is part of your team and is working to help you achieve your goal(s).
Renovations Depending on the age and/or style of your home, renovations may be the most effective method of preparing your home for sale. Renovations can mean something as simple as replacing an unstable handrail, or as complex as replacing your roof.
Generally speaking, there are four reasons to consider a renovation prior to selling:
- The renovation will fix a safety concern that exists within your home
- The renovation will solve an issue that is likely to be ear-marked during the home inspection process
- The renovation will increase the likelihood of achieving a sale
- The renovation will help you achieve a quicker sale at an increased sales price.
Here are the 4 most common areas of renovation to consider prior to selling your home:
The kitchen is the heart of the home; it’s the gathering place for family and friends. If you are selling your home and your kitchen is less than stellar, this is one of the best places to invest a few dollars. Statistics on kitchen renovations have shown that the return on investment can be over 40%, and can lead to a quicker sale with more dollars in your pocket. We always recommend going to an expert for help when choosing fixtures, fittings and colour tones.
Bathrooms are another place where putting your renovation dollars can make sense and can help to maximize your sale price in a shorter timeframe. With bathrooms, it is always best to ensure that you are appealing to the widest audience; therefore, be sure to use current fixtures and fittings, and get an expert to help you choose colour tones.
Stained or outdated carpeting is one of the most common turnoffs for Buyers. If this is the case in your home, you may opt to replace the flooring. This is where a savvy designer and/or REALTOR® can help you to make a wise decision. Depending on the situation, a simple carpet cleaning can make sense instead of replacing the current flooring. This will play into the perceived value of the property. Again, be sure to ask the experts.
If your roof is on the verge of needing replacement, you may opt to have this done prior to selling, but depending on the situation this could either help your sale or hurt it. A REALTOR® can give you advice on the pros and cons, depending on your specific selling goals. Once you have your renovation(s) underway, you will want to consider bringing a REALTOR® on board (if you have not done so already), as you will definitely benefit from their talent, expertise and trustworthiness in preparing to sell your most valuable asset. Now that you have attended to any renovations, the subjectivity of a viewing comes into play.