Wednesday, January 26, 2011

Tips on selling your home



We have been renovating our home a little to sell it later this year. Depending on the property market in your area it might not be worthwhile for you to renovate. For us it is.

We are redoing the kitchen, floors and garden mainly and then focussing on presenting it well. We had a lot of work with cleaning and repainting when we first moved back into it, but it is slowly coming together. Fortunately for us we have been able to do much of the work ourselves.

For many homes simply tidying the garden and repainting can give it a much fresher look. The main things people look for though are kitchens and bathrooms. Often these are viewed as hideously expensive and large projects, but they don’t have to be.

Depending on your kitchen you may be able to replace the bench top and handles to give it a new look. If the cabinets are in decent shape but just a bad colour you can buy paint specifically for painting laminate.

In bathrooms a new vanity and painting tiles or even just re-grouting could be enough to lift it dramatically from old and dreary to more modern and clean.

I read an article recently (unfortunately I can’t remember where) about staging homes. This is where furniture, paintings, all the furnishings are specifically tailored to the target market of your house. Apparently studies have shown that staged homes can reach a far higher price, even as much as 30% more than unstaged equivalents. This is usually due to females.

Females tend to be emotional buyers and if a house is set up beautifully they are much more likely to buy it and apparently if a couple is buying a home it is often the female who sways the decision one way or another. Males tend to be very practical and see what works and what doesn’t and why a property is worth it or not, unlike the emotional buying of females.

If you are in an area that is not very expensive, full on staging probably won’t make much effect but still making the home as presentable as possible works to sell it faster. Here’s a few tips:

1.) Remove all personal things such as pictures of the family. It makes it harder to picture a house as yours when you are looking at other people’s family around it. Removing personal pictures makes it easier on buyers.

2.) Make sure the house is clean. Nothing messy in sight, everything dusted and wiped. A dirty home is unappealing and immediately makes the home less valuable in a buyers eyes.

3.) Mow the lawns and weed the garden. You don’t need to do a full landscape but a tidy garden is much more attractive.

4.) Make sure the house smells good. You don’t need plug in fresheners or to do some baking before hand (although fresh bread or cookies do smell great). Simply opening the windows and airing out the house well helps a lot.

5.) De clutter. If furniture is not needing in a room or detracts from the space, remove it. You need the home to look easy to maintain. Homes free from clutter also look larger. That said, make sure you have all the basics so people can visualize their furniture in your space.

There are many more things you can do, these are just a few simple but effective ideas.

2 comments :

  1. Hey, thanks for the information about females! We're planning on putting our property for rent this year so it's really good that you blogged about this too! I also talked about some of the things to consider in my post entitled "4 Tips On How To Set Rental Price For A Condo" and I tried to explain there how you can ask for a higher rental fee if your house/condo is furnished. But I would never have realized the thing about females and considering that you are a female yourself I'm really glad I knew about this! Thanks!

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  2. Thanks. Yes, most females will probably still deny it, but look at how many home magazines there are and just talking to other females, its very very true. Great article Tim.

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