5 Considerations for Getting the Most Out of Selling Your Home

Selling a home has never really been an easy task. There are always updates to be done, and furniture staging and storage taking place. However, selling a home in the current buyer’s market has become even more difficult and daunting.

But the current buyer’s market doesn’t mean that homeowners need to slash their selling price simply to get their home sold. With a few careful considerations, you can make your home more valuable and more appealing to comparable homes in your own area, allowing it to sell fast without sacrificing value.

Maximize the value of your home with these five considerations:

Think Durability

People want a home that will last without numerous updates constantly having to be done. So if your home needs any updates prior to selling, be sure to use materials that will last when you make those updates.

Also, when deciding what to update, see this list of the top remodels in 2011, directly from a survey the National Association of Home Builders, and what remodels are the favorite of thrifty homeowners.

Out of many popular remodels, bamboo and rubber flooring has been very popular, and makes great kid-friendly flooring options that are incredibly durable and increase the value of a home. Composite deck materials last for decades, look great, and increase curb appeal. While some of these updates may be more expensive, they will increase your home’s value and make it overall more appealing to buyers.

Think Eco-Friendly

Nearly everyone is concerned with being more environmentally friendly these days whether it is because they want to help the environment or simply save on utilities. Regardless of why prospective homebuyers wish to go green, you as a seller need to always keep eco-friendliness on the forefront of your mind during all updates and repairs.

Low-flow showerheads and water efficient toilets also make good selling points for those interested in water conservation. Energy Star appliances are highly sought after by homebuyers, and reduce energy consumption, which is an additional selling point. Proper insulation and properly sealed windows and doors also make a home more energy efficient, which can make a home more enticing.

Think Modern

While throwing in appliances to make your home sell quicker can be a nice gesture, if your refrigerator and stove are from several decades ago, the potential buyers are just going to see your appliances as additional junk they have to get rid of and replace. Also, if you are going to replace other minor items in your home, such as faucets and doorknobs, choose modern looking features, not older, economic styles. They will only make your home look outdated.

If you are going to add in appliances, make sure they are newer ones. Not only will buyers be more enticed by them, but you will be able to use them as leverage during closing negotiations. If a buyer wants you to pay closing costs, then you can use the appliances as leverage.

Think About the Little Things

New hardware can make old cabinets pop instead of looking like an eyesore. New faucets can make an older vanity look ten times betters. New light switch and outlet covers can make a home look more clean and fresh.

Little details matter when your home is coming under scrutiny from prospective buyers, so make sure you pay attention to these details too. These types of little updates generally don’t cost much as can be done by you in a few minutes. They will also lead a buyer to believe that you took great care of your home.

Think Curb Appeal

While you are never supposed to judge a book by its cover, there is a good chance that prospective buyers have already made up their mind about your home simply by taking a look at its curb appeal. If your home doesn’t look great on the outside, they just assume that it won’t look great on the inside either.

So before you sell, make sure your siding is up-to-date, that fresh paint is applied, and that all landscaping has been properly done. Most curb appeal updates can be done by you, and can be done in a weekend so there is no reason why curb appeal should go overlooked, especially since it creates a first impression.

While it may require a little extra case and elbow grease on your part, paying attention to the details and installing necessary updates will definitely pay off in the end. Interested homebuyers will notice and appreciate the extra updates, and will be more inclined to pay a few extra dollars for a home that looks like it has been well cared for and won’t cost them a fortune in updates and utilities in the future. So if you are serious about selling, consider the aforementioned to make sure that you optimize your selling power in this buyer’s market.

Chris Birk is the Director of Content and Communications for Veterans United Home Loans, the featured writer for VA Loans Insider and author of The Book on VA Loans: An Essential Guide to Maximizing Your Home Loan Benefits. Connect with Chris on Facebook at VA Loans Insider or on Google+.

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Comments

  1. says

    The eco-friendliness is pretty major in the UK as well. Each home is subject to an Energy Performance Certificate, which measures how energy efficient it is. Needless to say, a higher grade on the EPC makes for a more valuable home.

  2. says

    Anybody buying home these days will want efficient appliances and other elements, so like you say, keep everything modern and they will be the best available for using up electricity, water or heat. That will appeal to buyers because they know they can save money in the future.

  3. says

    I think one other thing that people forget with curb appeal, and appeal in general is posting good photos of your home. It doesn’t make sense to do a 1000 things to fix up your home and then post lousy or dated photos.

  4. says

    I just sold my house and one big tip I can give is that if a buyer says they are preapproved to buy it means they can make an offer now and they don’t have to go back to their bank to see if they can get a loan.

    In the first week I had my house up for sale I had a preapproved buyer look at my house and I felt the offer could be higher but realized that I should have taken the offer because I didn’t get another offer until a year later.

    So if you have preapproved buyer looking at your house jump on it.

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  1. [...] Conversely, if you are trying to sell your home, you will want to read this post by the Financial Highway which gives 5 Considerations for Getting the Most Out of Selling Your Home. [...]

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