Our Real Estate Blog
In a competitive selling market, it’s vital to make sure you take advantage of any way to give your home an edge over the competition.
Many sellers make expensive home improvements in the hopes of attracting buyers. But, even if you’re on a budget, there are ways to boost curb appeal and increase the value of your home to make your home competitive in today’s seller’s market.
In today’s post, I’m going to cover eight low-cost upgrades you can make to your home today. We tried to keep all of the upgrades under $100 so that you can stick to your budget while still making a big difference in your home.
1. Paint the front door ($30)
One of the first things a potential buyer will notice about your home is the front door. Putting on a fresh coat of paint, especially one that pops and contrasts with the color of your home, will help to make it stand out on the block.
2. Paint your interior trim and baseboards ($75 - $100)
Baseboards often get dirty or scuffed up over the years. Putting a fresh coat of paint will make the entire room look like new. Stick with white for most rooms--it will brighten them up and make them feel clean.
3. Replace your outlet and light switch plates ($20)
They get dirty, they crack, and they get covered in messy paint every time you repaint your walls. Outlet and switch plates see a lot of wear and tear, and a dirty one can be off-putting for potential buyers.
For just a few dollars each or less, replace them all to give the rooms of your home a facelift.
4. Replace fixtures ($50 - $100)
Whether it’s the knobs of your kitchen cabinets or faucet fixtures, there are a number of small items in the kitchen and bathrooms that can be upgraded.
Stainless steel is now out of style, with homeowners choosing brushed nickel and bronze over the traditional stainless.
5. Choose a new shower head ($30 - $50)
Installing a shower head is a lot easier than it looks. Plus, luxurious looking shower heads can be purchased for less than $50 on Amazon, making them a great choice to add a touch of indulgence to the shower.
6. Add new bright, energy efficient lighting ($30 - $50)
Bright LEDs can make a room feel more spacious and modern, and it can save you a few dollars on the electric bill. Installing new lights throughout the home is a good way to show off what lies within.
7. Paint or replace your mailbox ($20 - $80)
Mailboxes can easily get dirty and dented over the years and most of us pay little mind to them. But prospective buyers likely will be on the lookout for any signs of neglect when they view your home. Having a freshly painted mailbox will leave a good first impression.
8. Rent a pressure washer for a day ($50 - $100)
Pressure washing the exterior of your home can make a huge difference when it comes to upgrading curb appeal. Vinyl siding gets dirty quickly and isn’t all that easy to clean.
You can rent a pressure washer from The Home Depot or your local hardware store for typically less than $100 a day.
Looking to sell a home for the first time? Ultimately, a first-time home seller must be able to identify a strong offer for his or her residence. With extensive real estate insights, a first-time home seller may be better equipped than others to accept a strong offer and accelerate the home selling cycle.
Identifying a strong offer for a home can be quick and easy – even for a first-time home seller.
Now, let's take a look at three tips to help a first-time home seller differentiate between a strong offer and a poor one.
1. Analyze the Housing Market
The housing market can be complex, particularly for a first-time home seller. Fortunately, many free, easy-to-access resources are available to help a home seller learn about the ins and outs of the housing sector so he or she can plan accordingly.
For example, a home seller can check the prices of homes available in his or her area via a simple online search. This home seller can even find out how long a particular house has been available, whether the price of a home has been reduced over time and much more.
With in-depth knowledge of the real estate market, a home seller can study how his or her residence stacks up against the competition. Then, this home seller can establish a competitive price for his or her home, increasing the likelihood that he or she will receive a number of strong offers.
2. Understand Your Home Both Inside and Out
A home appraisal is a must for a first-time or experienced home seller, and perhaps it is easy to understand why.
During a home appraisal, a property inspector will take a close look at a house's interior and exterior. This inspector will provide a report at the appraisal's completion that highlights a house's strengths and weaknesses too.
For a home seller, an appraisal offers a valuable learning opportunity. It enables a home seller to gain deep insights into a home's condition that he or she may struggle to obtain elsewhere. That way, a home seller can complete assorted home repairs before listing a residence and boost his or her chances of receiving multiple offers that exceed a house's initial asking price.
3. Consult with a Real Estate Agent
A first-time home seller should meet with a real estate agent and discuss the differences between a strong offer and a poor one.
Thanks to a real estate agent, a home seller can seamlessly navigate the entire property selling journey as well.
Typically, a real estate agent will help a home seller establish a fair price for a residence from the get-go. This housing market professional also can offer helpful tips throughout the home selling journey to ensure a home seller can get the best possible results.
Don't leave anything to chance as you prepare to list a residence for the first time. Instead, take advantage of the aforementioned tips, and a first-time home seller should have no trouble distinguishing between a strong offer and a subpar proposal.
Receiving multiple offers on a residence is a home seller's dream come true. However, if a home seller faces a tight deadline to review several homebuying proposals simultaneously, making the right decision may prove to be exceedingly difficult.
Ultimately, evaluating multiple home offers at the same time can be quick and seamless – here are three tips to ensure that you can review various home offers and make an informed decision.
1. Consider the Homebuyer's Perspective
Although you probably won't be able to find out the identity of a homebuyer who submits an offer on your home, you may be able to learn about the homebuyer's perspective if you study a home offer closely.
For example, a homebuyer who wants to close on a residence as soon as possible may face a time crunch. And if this buyer has fallen in love with your home, he or she may do anything possible to acquire it.
On the other hand, a homebuyer who submits a lowball proposal may be looking for a bargain. Therefore, this home offer may fall far below your initial expectations, and you should not hesitate to decline or counter the proposal.
2. Analyze the Housing Market
Operating in a buyer's market or a seller's market may dictate how you proceed with multiple offers on your house.
If you've listed a house in a seller's market, the number of homebuyers likely exceeds the number of first-rate houses that are available. As such, you may want to accept a home offer in a seller's market only if it matches or exceeds your expectations.
Comparatively, if you're working in a buyer's market, there likely is an abundance of high-quality residences and a shortage of homebuyers. Thus, you may be more inclined to accept a home offer that nets you the biggest profit – even if the home offer falls shy of your initial home selling expectations.
3. Collaborate with a Real Estate Agent
If you're unsure about how to approach multiple offers on your home, it certainly pays to consult with a real estate agent. In fact, a real estate agent can help you examine various offers and decide which home offer – if any – is right for you.
By hiring a real estate agent, you'll gain an expert ally who will support you throughout the home selling journey.
Typically, a real estate agent will learn about your home selling goals and ensure you can set a competitive price for your residence. He or she also will host home showings and open houses, negotiate with homebuyers on your behalf and do everything possible to help you get the best price for your home, regardless of the real estate market's conditions.
Perhaps best of all, a real estate agent is prepared to respond to your home selling concerns and queries. And if you have questions about a home offer, your real estate agent is available to respond to your questions at any time.
Take the guesswork out of evaluating multiple offers on your home – use the aforementioned tips, and you can determine the best course of action based on the home offers at your disposal.
A successful home selling experience is not a guarantee. However, if you prepare for the house selling journey, you may be better equipped than others to reap the benefits of a quick, profitable home selling experience.
Now, let's take a look at three tips so you can set yourself up to succeed during the house selling journey.
1. Identify Your Home's Strengths and Weaknesses
Your home has served you well for many years, yet your residence still has flaws. Fortunately, if you allocate time and resources to identify your house's strengths and weaknesses, you may find ways to improve your residence before you list it.
Consider the buyer's perspective – you'll be glad you did. If you take an objective view of your residence, you may be able to identify assorted home problems and correct them right away.
Also, it may be beneficial to conduct a house inspection. Following an inspection, you'll receive a report that outlines any underlying problems with your house. You then can use this report to prioritize home repairs and upgrades.
2. Establish a Competitive Initial Asking Price
As a home seller, it is important to do everything you can to establish a competitive initial asking price for your residence. Thanks to a home appraisal, you can gain the insights you need to price your house appropriately.
During a home appraisal, a property expert will evaluate your home and various real estate market data. Next, this property expert will provide you with a property valuation. With this property valuation in hand, you can set an aggressive initial asking price for your house.
Maintain flexibility with your home price, too. And remember, if you upgrade your home before you list it, you may be able to receive multiple homebuying proposals at or above your residence's initial asking price.
3. Collaborate with a Real Estate Agent
For those who want a helping hand throughout the house selling journey, it may be a good idea to hire a real estate agent. Because if you have a real estate agent at your side, you can receive comprehensive support at each stage of the home selling journey.
A real estate agent is happy to teach you about all aspects of the house selling journey and ensure you can plan accordingly. He or she can help you identify your house's strengths and weaknesses, price your home appropriately and much more. Plus, once you list your residence, a real estate agent will set up home showings and open house events to promote your property. And if you receive an offer to purchase your house, a real estate agent will help you analyze this proposal and make an informed house selling decision.
If you want to take the guesswork out of selling your home, you should start preparing today. By taking advantage of the aforementioned tips, you can plan ahead for the house selling journey and set yourself up for a successful home selling experience.
Selling a home can be challenging, even for an individual who is laser-focused on getting the best price for his or her house. Fortunately, we're here to help you achieve the best-possible results during the home selling journey.
Now, let's take a look at three tips to help you obtain the best price for your residence.
1. Study the Prices of Comparable Residences in Your Area
Your home may seem like it is one of a kind, but there likely are comparable houses in your city or town. If you take a look at the prices of comparable houses in your area, you may be better equipped than ever before to establish a competitive initial asking price for your residence.
Also, studying the prices of comparable residences in your area enables you to see how your house stacks up against the competition. And if you find your home pales in comparison to its rivals, you may want to dedicate time and resources to upgrade your house. That way, you can help your house stand out to potential buyers.
2. Conduct a Home Appraisal
A home appraisal commonly is requested by a buyer after a seller accepts his or her offer to purchase a residence and a property appraisal has been completed. However, it may be beneficial for a seller to conduct a home appraisal, especially if this individual wants to get the optimal price for his or her residence.
By conducting a home appraisal, you can receive expert insights into how much your house is currently worth. Then, you can use your home appraisal results to set an aggressive initial asking price for your residence.
3. Collaborate with a Real Estate Agent
If you are unsure about how to price your residence, you may want to hire a real estate agent. Because if you have a real estate agent at your side, you can quickly and effortlessly accomplish your property selling goals.
First, a real estate agent will meet with you and learn about your residence. This housing market professional next will help you establish a competitive initial asking price for your home that accounts for the current state of the real estate market. A real estate agent then will list your home, promote it to potential buyers and set up home showings and open house events. And if you receive an offer to purchase your residence, a real estate agent can help you review this proposal and decide how to proceed.
Of course, a real estate agent will do everything possible to help you maximize your house sale earnings too. He or she will negotiate with a buyer's agent on your behalf and ensure you can get the best price for your residence – regardless of the current housing market's conditions.
Don't wait to list your home and maximize your home sale profits. Instead, take advantage of the aforementioned home selling tips, and you can boost the likelihood of a fast, profitable property selling experience.