When you renovate features in your home, you want to get the most bang for your buck. Not only do you want to make your home a better place for you and your family to live, but you also want your renovations to add to your home’s resale value.
But what, exactly, are the features that will help your home sell faster?
Give Your Renovations Some Character
According to recent data from Realtor.com (which analyzed more than 1 million single-family listings), the top three renovations that will help you sell your home quickly and at a prime price point? A chef’s or gourmet kitchen, a theater room, and a home gym. These renovation projects were named the “most profitable home features for sellers banking on quick sales.”
Those three features were deemed the most profitable. But they weren’t the only renovations that helped homes fly off the market. Also included on the list of features that will help your home sell faster include a three-car garage (#4), solar panels (#5), a home office (#9), and an in-ground pool (#10).
As the new year is here, plenty of homeowners look for ways to renovate their spaces to keep them feeling interesting and updated. If you’re preparing to put a home on the market, keeping up with trends is key because unless your prospective buyers are flippers, staggers, or redecorating fiends, nothing can make would-be buyers turn tail faster than some outdated decor
Also, keep in mind that there are some renovation trends that you should retire at this time, features such as:
- Granite Counter Tops
- The Edison Bulbs
- Statement Range Hoods
- All White Kitchens
- Barn Doors
You can read more of whats out and whats in Right Here
The Renovation Takeaway
If you’re thinking about renovating and adding features to your home, you’re going to want to think about your return on investment and choose a renovation that’s going to help your home sell quickly and profitably with character.
Many potential home sellers think staging is a waste of money. But it turns out, staging has a significant impact on how quickly, effectively, and profitably you may be able to sell your house.
Why? Because staging is a key component of drawing in buyers. According to the National Association of Realtors 2017 Profile of Home Staging, a whopping 77% of buyers agents said a home that is staged made it easier for their clients to visualize a home as their own. And the more a buyer is able to see themselves living in a home, the more likely they are to make an offer.
Even more good news: According to the same report, 50% of seller’s agents see in increase in the offers their clients received from buyers when their house was staged—and 39% said staging greatly decreases the amount of time a house is on the market.
Because a staged home has such a significant impact on the amount of time a house sits on the market and the ultimate offer price, you’d think everyone would be doing staging… but that’s just not the case. Only 25% of sellers pay to have their house staged.
Any Realtor or buyer will tell you the benefits of staging a home for sale. There are important benefits that make it worth the effort. Below are things to consider when deciding whether to stage your property.
The Benefits Of A Staged Home For Sale
The fact is, the way your home is staged can truly impact the appeal of your property and its selling price. Staging highlights the best elements of your home and can minimize the not so great ones. It also enables buyers to visualize themselves living in the space. These impressions can increase the interest level of those buyers. Ultimately, staging your listing can help it go under agreement sooner and for more money.
Approaches to Home Staging
There are various ways that a home may be staged and options may differ based on specific properties. Here are just a few approaches that your Realtor may cover with you:
- Clearing the Clutter
- Changing Colors an Decor
- Changing Furniture
- Lighting Aspects
When staging your property for sale, you want visitors to think that it can be their home and not that they are entering yours. Although people are purchasing the home itself and not your personal belongings, it is unavoidable that those belongings and how they are presented may affect their feelings about the home.
Debating Whether to Stage Your Property
If you want the maximum sales value, you must acknowledge the benefits of staging Farmington Hills homes for sale and make the effort to do it properly. You do not have to figure it out on your own. Rely on real estate experts for ideas. Their experience with home buyers and selling other homes may be a huge asset. For further information on listing and staging your home, contact Tom Gilliam at RE/MAX Classic.
If you’re getting ready to sell, stage your home. Staging can help your house stand out from the competition, and it can potentially fetch a higher offer faster than you thought possible.