March usually signals an upswing in residential real estate markets. People move for all kinds of different reasons; some need bigger homes, some need smaller homes and some are moving for different job opportunities. The number one rule of real estate use to be: location, location, location. While location is still very much a top priority for buyers now, more than ever before, the quality of the home is very important.
Most buyers these days would rather buy an updated home slightly outside their ideal location rather than a home that needs a lot of work, but is on the perfect street. The term “Updated” is where there is a little bit of discrepancy in what actually helps a house sell. Another well-known real estate rule is that renovated kitchens and bathrooms sell houses. This is still a 100% accurate, but if you cut corners or use obviously inexpensive supplies, buyers will not pay a premium for your home and you run the risk of not getting a return on your investment or even worse, making your home undesirable.
5 Ways to Sell Your Home for the Most Money:
- Have an updated HVAC unit – If your furnace or air conditioner is 12 years old or older, you really need to replace it before putting your home on the market. Buyers would rather pay a higher price for a home with new equipment, than purchase a home and immediately have the out of pocket expense of a new furnace and A/C.
- Replace your water heater if it is more than 10 years old. There all kinds of different water heaters available now from ones that are tankless to a tank that guarantees you will never run out of hot water, and they are far more energy efficient than older models.
- Repair leaky faucets and running toilets before you put the home on the market, but especially before the home inspection – don’t worry, that home inspector is going to find plenty wrong, they always do, but the more you can do to take items off the list before they go on the better. Leaky faucets are a sign to buyers that you have not taken good care of the home.
- Replace any and all rotten boards around the house. This is another red flag to buyers that you have not taken good care of the home.
- Make sure all of your kitchen appliances are updated and are working properly. Even if you have not updated your kitchen you do need to have updated appliances. For example, if you have double ovens, but only one oven works you need to repair or replace them before putting your home on the market.
There are many, many things to do in order to get your home ready to go on the market and be able to bring in the most amount of money. The items listed above are just a few of those things. Carmine’s knows that selling your home can be a very stressful experience for your family. Whether you need us to update your HVAC equipment and repair plumbing leaks before you put your home on the market, or you need us to help clear up the list of repairs after the home inspection, our trained professionals will make sure the job is done correctly the first time. Give us a call at 203-791-8089 to schedule your appointment today.