Tips to get the most money for your home. We can give you the best strategies in preparing your home for sale.
WAIT BEFORE YOU RENOVATE!
This advice will vary depending on the market. In a very hot Seller’s Market you may not want to do any renovations to prepare your home for sale. Many investors or “flippers” come out of the woodwork and are willing to pay top dollar for a home with good bones and not too many cosmetic updates. They’d rather update it themselves. The money you would have spent on these updates is really just a waste.
The other decisions you need to consider are the selection of the improvements and renovations you make. You never want to spend $ 40,000 to get $ 20,000 back. Spend your money wisely!
WHO IS YOUR PERFECT BUYER?
There are varying degrees of what you would want to do to prepare your home for sale depending on your “perfect” Buyer Profile.
Is your neighbourhood and style of home attractive to young millennial buyers?
What is important to them may not be obvious. They are attracted to “SMART” homes so a thermostat that is remotely accessible may be of interest. They also like “turn key” or move in ready homes but cost is a factor. If you are not in a starter price range you would more likely be looking at a move up Buyer.
Is your perfect Buyer a commuter because you have great access to the GO train?
They may be interested in a home office with privacy since many will work part time from home. Speaking of home offices. This is also a growing trend and movement since we have entered into a pandemic. This may be less about a renovation and more about how to best stage the home in preparation for selling.
Is it a Family Friendly home close to schools, parks etc
These busy young families may be move up Buyers with a bit more buying power but they still don’t want to do too much work. In this case it is a home that may be worth renovating. Of course that is always your decision and again dependent on the current market.
Is your perfect Buyer someone who wants everything on one floor?
This buyer wants a solid well maintained home with storage and good sized garage but doesn’t necessarily need the latest in kitchens and bathrooms. They also want an easy to maintain yard. This could be a Buyer who is downsizing and would want to do their own renovations to kitchens and bathrooms in their taste.
Is your perfect Buyer someone who thinks they may be needing space for parents or grown children in the near future?
In this case a finished basement with separate entrance, kitchen and bathroom might be very interesting to this Buyer and depending the layout and style of your basement, it could be worthwhile to do some renovations. However, putting a kitchen in the basement is a waste of money for the young move up Buyer with a young family.
GETTING THE RIGHT ADVICE ON HOW TO PREPARE YOUR HOME IS THE KEY!
Preparing your home for sale is a complex process but a very important one and that is why getting advice from a professional is critical.
There is no easy one answer fits all approach. Each home is very different.
It is important to note that maintaining a home is always important. It is the improvements and renovations that require more consideration and that you should get advice on.
HERE’S WHAT THE LADIES CAN OFFER TO HELP YOU PREPARE YOUR HOME FOR SALE!
The Ladies of Royal LePage offer this service and advice as well as a complimentary evaluation of your home at no cost or obligation. We can give you suggestions on getting your home prepared for sale whether it be soon or in the future. Planning and having information is important. After all “Information is Power”.
We have an extensive trusted network of people who provide many services that may be of interest in getting your home prepared.
Do you need an awesome handyman, plumber, painter, down-sizer? Ask us, we know one!
Ask us about our Complimentary Staging services and Complimentary Downsizing hours also included in our package.
Don’t delay, contact us today for more valuable information on preparing your home for sale.
Get access to more articles and/or request a complimentary evaluation here.
The Ladies of Royal LePage
Lisa Robitaille, Margaret Reid, Diana Gallacher & Kathy Della-Nebbia
Royal LePage State Realty, Brokerage