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Articles
Seller Tip: How
Do You Improve your homes value?
The general rule in real estate is
that buyers seek the least expensive home in the best neighborhood
they can afford. In terms of improvements, this means you want a
home that fits in the neighborhood but is not over-improved. For
example, if most homes in your neighborhood have three bedrooms, two
baths and 2,500 sq. ft. of finished space, a property with five
bedrooms, more baths and far more space would likely be priced much
higher and likely be more difficult to sell.
Improvements should be made so that
the property shows well, is consistent with the neighborhood and
does not involve capital investments, the cost of which cannot be
recovered from the sale. Furthermore, improvements should reflect
community preferences.
Cosmetic improvements - paint,
wallpaper and landscaping - help a home "show" better and often are
good investments. Mechanical repairs - to ensure that all systems
and appliances are in good working condition - are required to get a
top price.
Ideally, you want to be sure that your
property is competitive with other homes available in the community.
The Wells Team, who see numerous homes, can provide suggestions that
are consistent with your marketplace.
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