If you’re planning to sell your house this year, you’re probably thinking about what you’ll need to do to get your house ready to appeal to all the potential buyers. I have an eye on the DFW market and it’s crucial to work with someone who knows your local market as you get your home ready to sell. I will guide you through which renovations are necessary to sell to help increase the sales price and which may be unnecessary!
Here are three things to keep top of mind as you’re making your list of projects to tackle this year:
The Number of Homes for Sale Is Very Low
Housing inventory sits far below what is normally considered a balanced market. In fact, according to the National Association of Realtors (NAR), the latest data indicates inventory is hitting an all-time low. Because there is a limited supply of homes available for sale, you’re in a unique position when you sell your house to benefit from multiple offers and a quicker process.
But you want to do so while buyers are still scooping homes up as fast as they’re being listed. Spending time and money on renovations before you sell could mean you’ll miss your key window of opportunity. Of course, certain repairs may be important or even necessary. The best way to determine where to spend your time – and your money – is to work with GoalLine Real Estate to confirm which improvements are truly needed and which ones aren’t likely to be deal-breakers for buyers.
Buyers May Be Willing To Take on Projects When They Purchase Your House
Today, many buyers are more willing to take on home improvement projects themselves to get the house they’re after, even if it means putting in a little extra work. If more buyers are willing to tackle repairs on their own, it may be wise to let the future homeowners remodel the bathroom or the kitchen to make design decisions that are best for their specific tastes and lifestyle. Depending on the structural condition of your house, your efforts may be better spent working on small cosmetic updates, like refreshing some paint and power washing the exterior to make sure the home stands out. Instead of over-investing in upgrades, the buyer may change anyway, work with a real estate professional to determine the key projects to tackle that will give you the greatest return on your investment.
Spotlight the Upgrades You’ve Made
Over the past year, many people made a significant number of updates to their homes. With more homeowners taking on more projects in the past 12 months, there’s a good chance you’ve already made updates to your home that could appeal to buyers. If that’s the case, GoalLine Real Estate will find ways to highlight those upgrades in your listing.
The same is true for any projects you invest in moving forward. No matter what, before you renovate, contact me for expert advice on what work needs to be done and how to make it as appealing as possible to future buyers. Every home is different, so let’s have a conversation to make sure you make the right moves when selling this season.
In today’s sellers’ market, it’s important to spend your time and money wisely when you’re getting ready to move. Call me to find out where to target your efforts before you list and what renovations are necessary to sell and get top dollar for your house!
Beth Brake REALTOR® 214-769-2947
Positively impacting your life as you move toward your dreams.