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In an ideal world, sellers could simply list their property for sale and sit back to await lucrative offers pouring in. However, we don’t live in an ideal world, and frequently time is of the essence. If you don’t have the time or inclination to wait for a satisfying offer, there are several steps you can take to speed the process along.
Presentation, Presentation, Presentation
If the house-hunting mantra could be revamped for today’s world, it might read, “Presentation, presentation, presentation.” While there is no doubt location is still a top draw, with other things being equal, Newsday explains it’s how well your home presented that can make or break a buyer’s interest instantly. Besides, you can’t change your location, but you can certainly adjust your home’s presentation. It starts with a property that offers move-in ready appeal.
Fixes and Facelifts
When it comes to move-in readiness, one of the first things you should do is make any lingering repairs that you’ve been putting off. Doors that don’t latch properly, toilets that run, and burned-out light bulbs are pretty easy to live with, but they will make buyers wonder about the issues they can’t see. Rather than allow imaginations to run wild, make all those minor fixes that don’t really amount to much in your eyes, but will make buyers envision the worse possibilities.
With repairs out of the way, think about what else your home could use help with. There are a couple of key areas buyers typically hone in on when house shopping. One is kitchens, and the other is bathrooms. If those spaces are dated, Investopedia notes giving them a facelift can make your property far more appealing and net you a nice ROI.
DIY Dos and Don’ts
ROI is critical when you’re upgrading with the intention of selling, and the more you can do yourself, the better the ROI on your home upgrades. Painted cabinets, new hardware, and new countertops can give your kitchen a fresh look, and you can paint and swap hardware yourself. However, countertops take some special expertise.
Granite Gold notes quartz is a hot choice for homeowners, thanks to its durability and beauty, but due to its heft, your cabinets will require extra support. If you elect to go that route you can expect to pay around $125 per square foot. Of course, if you’re looking for something a bit more high quality, you can easily $150-plus per square foot.
In the bath, there are a few simple updates you can tackle, like swapping toilets and faucets. However, unless you’re adept, retiling the floor should be handed off to a pro. For the labor, expect to pay around $5 per square foot for ceramic floor tiles. The tile itself will range from under $1 per square to $8 per square, depending on the quality of the tile you select.
Move Them In
The last phase of your presentation is allowing house hunters to emotionally move into your home. In order to do this, you need to remove evidence of yourself from the property and stage it for their imaginations in a positive way. This comes in the form of (1) decluttering surplus belongings and (2) depersonalizing the space.
Decluttering means pulling all the “stuff” that takes away from buyers seeing your house structurally and functionally. You want just enough furniture and decor left to suggest how rooms are used, and everything else should go. Toss, sell, give away, or pack your extras, and get those things off your property so they aren’t distracting to buyers.
Depersonalizing involves removing those things that are unique to you and yours. Collections, refrigerator art, and unusual decor should be replaced with more generic items. If you need to rent a storage unit, the average cost for a 10’ x 15’ storage unit is $132.70.
And if this all sounds like a little too much, you can always hire a professional home stager. The median amount homeowners pay for staging is $675.
If you want to sell your home fast and you want a good offer, presentation is critical. Address fixes and updates, and let house hunters move in emotionally. Next thing you know, you’ll literally be handing them the keys.