If you had a chance to check out the last post, it was sort of a micro-study on Millennials and their home-buying habits. I finished the post by sharing a few tips and easy fixes that could help you sell your home faster. Truth be told, in today’s market it doesn’t take a lot to sell your house. The demand for homes is far exceeding the supply, which is why it’s a seller’s market, and why most homeowners are getting well above asking price. When you consider this, it is important to realize that you don’t need to break the bank to find Real Estate success. It is far more important to just get your home out there and get people looking at it.
Alright, so let’s go over what we know. In the San Fernando Valley, or the greater Los Angeles area, you could probably put your home on the market ‘as-is’ and you’re likely to get some potential buyers in due time. These offers are most likely going to hover around the lowest end of what you’re asking for. However, if you’re willing to put in a little work and (maybe) a couple hundred dollars, you could get a lot of return on your investment.
Here are two areas where you can be effective with your time and money:
Buyers are always looking for more square footage, and if they can’t get it, they want to at least maximize the current space. Painting is the easiest way to create the impression of openness, spaciousness, and cleanliness. Rules for painting:
Wood floors, when given fresh paint, can add to the impression of spaciousness. If your large living areas have wood flooring, consider giving them a nicer finish or seal. However, this one is more for smaller rooms or bathrooms that are lacking inspiration.
Outdoor structures such as bricks pillars, porches, window trim, and soffits are a great way to increase curb appeal. Always power wash outdoor structures before painting them.
Re-paint rooms with gaudy or really bold paint jobs. It’s hard to be impartial when critiquing your home through the eyes of a buyer, but it’s important to realize that your favorite bold green or bright pink bedrooms are tough to look at. Use cool colors to create the impression of energy and more space. Use warm colors to create inviting, social environments.
Simple Outdoor Updates
Surveys conducted by the The National Association of Realtors and the National Association of Landscape Professionals
suggest landscape upgrades return
over 100% of your investment.
Get rid of the clutter. Cut out plants, weeds, and tall grasses that are cluttering your garden boxes or pressing up against your house. Leave bushes, but trim them up. Buyers want to know exactly what they are working with, so give them the ability to see where each plant meets the ground. Then - add mulch. Mulch looks better than dirt, and it gives an impression of upkeep and garden health.
Control your perennials. Rid your garden of overgrown clusters of annual plants. These plants are tough and adaptive, so don’t be afraid to do some digging and replanting. Spread perennials out to compliment other plants or areas where there isn’t a whole lot going on. Replanting is easy. Dig a hole, drop the plant in, and personally, I recommend you fill it will a combination of water and plant-starter (about a cap full per 5 gallon bucket of water) or starter soil, and then cover with dirt.
So, long story short, these are easy tactics to give the impression of your home a complete 180. By doing these, you eliminate some excuses and hesitations buyers might have when considering your place. Some of these jobs only take a weekend, and they’ll most likely dissuade a buyer from knocking a couple thousand dollars off of their offer.
Stay tuned for more on this subject!