Are you really ready to put your home on the market?
You’re probably already picturing the dollars in your bank account—after all, home prices are rising in many markets across the country, and odds are pretty good that your home has appreciated over the years. So it only makes sense that you’d stand to make a profit, right ???
But what’s easy to forget is selling a home costs money too—sometimes more than you may think.
There are some obvious costs you’ve probably anticipated, like commissions to the agents (which typically amount of 3.5%-4% your home’s price). But there is also a variety of smaller expenses to factor in. Here’s where your money might go, how much you should expect to pay, and some real ways to curb these costs.
If you’ve let your home’s maintenance
lapse, you may need to hire a handyman or a general contractor (depending on the nature of the work) to get your property ready to put on the market. This isn’t the time to cut corners.
If you cheap out, buyers are going to catch shoddy repairs during the home inspection and you’ll wind up paying more money than if you had used a good handyman the first time. Walk through your home, and draw up a list of noticeable problem areas
such as rotted wood, cracks in the ceiling, or chipped paint. These may seem like minor issues, but they’re worth fixing. In terms of making major repairs, you’re probably better off lowering the listing price.
7 out of 10 home buyers start their search online and photos are overwhelmingly viewed first. Therefore, it’s worth paying for a professional photographer. Granted, it would be cheaper to let your agent take pictures; so, if your agent offers this, look at photos from her previous listings to gauge the quality of the work.
While the cost varies by area and the size of your property, you can expect to pay about $250 in the Kalgoorlie Boulder area
Curb appeal is what gets buyers in the door—and improving your landscaping can raise your home’s value by up to 12%. While prices vary, the average cost of a full-on landscaping job
—flower beds, plants, trees from scratch could be as much as $3000, you can save on these costs by doing at least some of the work yourself. Go to your local hardware store and pick up new mulch and seasonal flowers to give the exterior a pop of colour. Take the time to remove weeds, trim hedges, and (of course) mow the lawn.
Staging and Decluttering
Buyers need to be able to visualize what it will be like living in the home. Hence, staging is a good idea. However just introducing small items, like a bowl of fruit in the kitchen or new towels and candles in the bathroom can add appeal.
Decluttering is probably the most important and time consuming step of home staging. Home staging forces you to finally deal with delayed home organization and unfinished projects. When you are preparing to make a home sale, this task should be first on your to-do list. Sure, you can throw everything in boxes and deal with it later in your new home, but do you really want to do that?
If you’ve already moved into your new home, you should pay to keep the electricity on while your property is on the market. No buyer wants to walk into a hot or cold house, or a house that’s pitch-black. Previous page