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If you have a home that is overdue for a renovation, you might be worried that it will be difficult to sell as a “fixer-upper”. In fact, you might delay listing your property for that reason.
The good news is, you don’t need to fix up everything in your home to prepare it for sale. You can be selective and choose only those projects that
are most likely to help your home show well and sell quickly.
Here are some projects to consider:
• Repairs. Few things stand out more during a viewing than something in
obvious need of repair. That includes minor issues, like a dripping bathroom faucet, as well as major concerns, such as the central air conditioning unit not working. Get these repairs done.
• Painting. Painting is one of the easiest and most affordable DIY projects you can do. Yet the impact it can have on your home is stunning. Some
rooms are completely transformed by a fresh coat of paint.
• Kitchens & Bathrooms. Buyers love to see great looking kitchens and
bathrooms. In fact, there are even magazines devoted just to those rooms!
You don’t necessarily need to do a major renovation of these spaces, but
a makeover can be a good idea. Consider replacing sinks, countertops, and/or cabinet hardware.
• Floors. If the floors in any of your rooms have become worn and unsightly, look at options for refreshing them. Consider replacing carpeting, refinishing hardwood, and/or getting tiles professionally cleaned and polished.
• Outdoors. Sometimes you can compensate (a little) for a less-than-ideal interior by sprucing up the outdoor space. Explore ways to improve your deck or patio, walkways, and landscaping.
Even if your home is older, you can make it more attractive to buyers with any one of these projects.
Want more ideas for finding eager buyers for your home? Call today! 416-779-8732
Regardless of whether the overall housing market is up or down, there can be fierce competition when it comes to buying a home in a desirable neighbourhood. So, if you want to live in such an area, how do you gain an advantage?
Here are some tips:
• Schedule viewings of homes for sale in the neighbourhood as soon as they go on the market. Have you ever heard the expression, “The early bird gets the worm”? It’s often true.
• Arrange to get alerted, via email or text, to brand new listings the moment they happen.
• Make sure you have your financing pre-approved, so you can make a quick and credible offer right away.
• Prepare your current home for sale, so you can list it quickly (if it isn’t already listed.)
• Know how to make an enticing offer that a buyer will take seriously. It’s not always the highest price that wins the deal.
Even in a competitive market, you don’t want to end up overpaying. That’s why savvy offer preparation, presentation and negotiation are also keys to getting the home you want.
Imagine you’ve found the “perfect” condo. It’s the type you want, the size you want, and has the number of bedrooms and bathrooms you want. It could very well be your next dream condo.
But, will it fit your lifestyle?
That’s a question worth asking before jumping in and making an offer. Of course, the type, size and features of a condo play a huge role in your lifestyle. However, so does the area. For example, if you love playing golf on summer weekends, knowing there’s a course nearby will definitely put a smile on your face.
So, when shopping for a new condo, make a list of neighbourhood features you know will impact your lifestyle. List activities you and your family like to do, but also jot down conveniences, such as an easier commute to work.
Those affect your lifestyle too.
Ideally, you want to see the perfect condo and say, “Not only is this a great condo, it’s also in an area that will provide us with a great lifestyle too.”
When you’re able to say that, make an offer!
When you’re in the market looking for a resale home, you’re bound to come across listings that advertise “move-in-ready”. That simply means that there is little, if any, work that needs to be done after you’ve purchased the home.
You should expect that it is freshly painted, there are no maintenance issues and everything works.
That can be a big advantage when buying a new home. You can move in and start enjoying the place right away! However, some listings may be priced a little higher because they are move-in ready. They also tend to show better and, therefore, attract more buyers – increasing the likelihood of multiple offers.
Is it worth paying a little more for a move-in-ready home? It depends. Consider the following:
- What is the value in terms of convenience and time-savings of not having to do a lot of clean up, painting and other work when you move in?
- What is the cost savings from not having to get repairs, renovations and other work done by a contractor or other professional?
When you factor those in, paying a bit more for a move-inready home may be a bargain!
Unlike the single-use batteries we are constantly replacing in our remote control devices, the batteries found in most computers, laptops, and smartphones are rechargeable. In almost all cases, that means they are very likely to contain harmful chemicals, heavy metals and/or rare earth minerals.
If not disposed of properly, their toxins will eventually leach
into the soil and water table that we rely upon to survive. Furthermore, if consumers continue the trend of replacing portable devices frequently, there will be more and more batteries disposed of, some that may not even be depleted of their power.
Of course, tossing batteries in the trash is never a good idea. Fortunately, rechargeable batteries are recyclable. In fact, there are many recycling programs in effect that not only help protect the natural environment, but also recover some of the more expensive elements of the battery that have often been imported at great cost.
So, check with your local electronics retailer, your municipal solid waste management department, or your local government office. Chances are you’ll easily locate a facility that accepts expired or partially used batteries
from your personal devices and ensures they’re disposed of safely and efficiently. In some cases, you may even get a credit towards a replacement purchase.
When you put your home on the market, chances are you’ll cross your fingers and hope that a good offer – or two or three – will come in fairly quickly. So, what can you do to help make that happen? A lot!
Here are just three of many sure-fire ways to speed up the sale of your home.
- Price It Right. Your home will sell more quickly when the list price is set at or near the current market value. That value is calculated using a number of factors, including what similar homes in the area sold for recently. You don’t want the price to be set too high, otherwise few, if any, buyers will bother to see it. On the other hand, setting the price too low may not excite as many buyers as you might think, and you may end up leaving a lot of money on the table.
- Staging. This is all about presenting each room of your home in a way that looks attractive to buyers. The technique involves decluttering, reorganizing furniture, and decorating strategically. Staging is proven to reduce the number of days a home sits on the market. In fact, many studies suggest you can expect a 10-20% reduction in days on the market. Consider hiring a professional stager or get some good staging advice and do it yourself.
- Flexibility. During the listing period, if you’re flexible when it comes to scheduling viewings, more buyers will see your home. More buyers means more chances that at least one will become interested and make an offer.
The great thing about these strategies is none involve lowering
the price of your home.
When a buyer views your home for sale, they want to visualize themselves living there. They want to imagine cooking in the kitchen, relaxing in the living room, and enjoying get-togethers with family and friends.
However, when they see a baseball trophy on the mantle with your name on it, that visualization crumbles, especially if they don’t play baseball! That’s why it’s smart to depersonalize your home as much as possible when selling. You don’t have to go too far. Simply do what you can to remove items that scream “We live here!”
Consider stowing items such as:
• Trophies, diplomas, certificates and anything else with a name prominently displayed on it.
• Personal and family pictures.
• Mementos, knickknacks and other items of a personal nature.
• Notes, pictures, etc. on a fridge door or bulletin board.
Depersonalizing is a proven staging strategy that can help sell your home faster and for a better price. Depending on the number of personal items you have, you may be able to display them between viewings.