Of course you should remodel your home to maximize your own enjoyment. However, if you are planning on selling in the future, it is always a good idea to think about resale value when considering renovations. If you are thinking of tackling remodeling projects to sell in the near future, you should research which home renovations make sense and how to accomplish them to add value to your home.
Remodeling.com has some great statistics for the Pacific Region that show the average costs and returns for various projects. Projects that add usable living space top the list in the Pacific, including deck additions which we are lucky enough to be able to use year round in San Diego. New windows and front doors also have excellent return. Notable is that minor kitchen remodels have a better return than major remodels and bathroom remodels have a high return.
These numbers do not tell the whole story. If you are going to spend money remodeling to resell, you should also be sure to keep in mind choosing styles that match the home and materials that will appeal to the widest range of buyers. This Old House’s has a great article on this topic: Renovations That Give You a Return on Your Investment.
Your best bet if you are remodeling to sell is to let us give you our expert perspective. We would be happy to meet with you and share our knowledge of what buyers notice, appreciate and value in the North County Coastal Region depending on what type of home it is – whether it be a townhome in Carmel Valley, a beach house in Cardiff or a planned community in Carlsbad.
photo credit: new plans via photopin (license)
Even though San Diego’s coastal communities stretching from La Jolla to Carlsbad and inland to Fairbanks Ranch are in a strong seller’s market resulting in multiple offer situations, sellers should make the investment in staging their condo, townhome or house to make it look its best to appeal to the widest range of buyers to maximize offers.
The first step of staging any home – whether it is a condo in Carlsbad or an estate in Rancho Santa Fe is to store away or remove clutter. By depersonalizing your home you allow potential buyers to picture themselves living in the house. A fresh coat of paint is inexpensive and always makes a home feel refreshed and new. Adding lighting or making sure your home is making the most of natural light is also important as plenty of light will show off your home and make it seem inviting. Lastly, make sure your home makes a great first impression by focusing on the curb appeal. Be sure bushes and trees are trimmed and pruned, lawns are manicured and that any flower beds are well-maintained.
Though you can do a lot of things yourself, it might make sense to invest in professionals who have the expertise to showcase your home to the widest range of potential buyers to help your property sell.
For more on this topic, check out this great article on HGTV’s frontdoor.com
This Spring, we are continuing to see a hot seller’s market in San Diego. Buyers should check out the great tips in the MSN article below to be prepared. In addition to having financing in place before you start looking, working with great, experienced, professional agents such as the Geller-Meier Team is on the top of the list! Give us a call to schedule a consultation – we’d love to share our strategies with you!
Click here for MSN’s 12 Tips
Buying a home can be overwhelming, especially for first-time buyers who might be unfamiliar with all of the detailed steps involved in the process. But investing time now to sort out your goals and devise a plan for how you’ll achieve them can make your house hunt smoother and less stressful.
Here are some areas your house hunting blueprint should cover.
Read More : http://www.zillow.com/blog/plan-first-home-buying-experience-151158/
When you’re looking for an apartment, you might be under the impression that the list price is the only price. In some cases, that’s true. But if you’re a bit savvier, you could end up negotiating your way into a great deal. Before you approach the landlord, however, make sure you’ve done your homework.
Read more: http://www.businessinsider.com/how-to-negotiate-lower-rent-2013-7?IR=T
Buying a home has long been part of the American dream. But rising prices have made renting less expensive in many places.
People often aspire to own a home for reasons that have little to do with money, and rental options are limited in some communities. Yet owning property can limit your flexibility to move when you want and ties up a lot of your money.
In today's market, you usually need up to 10 percent of a home's purchase price for a down payment. This means a $250,000 home could require $25,000 down plus closing costs. If you saved $1,040 a month for the next 24 months, you'd achieve that goal. On the surface, that may seem impossible—but it's not. Make some short-term sacrifices now to save for a down payment on a house.
Give up that extra bedroom for the short term. If you rent in a premium location, consider moving to a less expensive area. It may take you a little longer to commute, but it won't be for long. Reduce the amount you are paying in rent by $500, and you will be halfway to your monthly goal.
Just like the colors on your interior walls, the hues you pick for your home's exterior should be ones you love coming home to day after day. That being said, if you're planning to put your house on the market in the near future, you'll also want to consider which shades will attract the broadest range of buyers. "Neutral and traditional colors are a good bet if you are going to paint your home's exterior to get it ready to sell," says Elizabeth Mendenhall, a realtor in Columbia, Missouri, and a 2014 regional vice president of the National Association of Realtors. "You want a look that is warm and inviting. Unique colors may turn away some potential buyers." If you're painting for resale, give some thought to these 8 colors with undeniable curb appeal.
Read More: http://www.bobvila.com/off-white-house/47419-8-exterior-paint-colors-that-might-help-sell-your-house/slideshows
As a seller, you have a lot more control in pleasing buyers than you think. If you start the selling process by learning what buyers really want, you can prepare your home to come as close to their dreams as possible.
Here are the five biggest turn-ons for homebuyers and what you can do to please buyers.
You only get one chance to make a first impression. Your home should sell to the buyer from the curb. That's how important curb appeal is. Your buyer should be so impressed, so charmed, so delighted that they want to leap out of the car and run inside.
How do you create curb appeal? Show attention to detail. Your home has to be prettier, cleaner and in better condition than its neighbors.
It seems to be a good time to be a home seller. Prices are higher than a year ago in most markets, and good homes are selling fast.
Unfortunately, that positive environment can sometimes trip up sellers, turning confidence into cockiness, and real estate agents working with new clients have to bring them down to earth with some do's and don'ts. Here's a sampling of their advice:
Do walk around your property with a critical eye.