Fall is now in full swing. For some families, change may be in the air, along with the cooler weather. Those with children may have kids headed off to college or entered the working world. Some may find its time to downsize. Or perhaps you’re at the other end of the spectrum and it’s time for a bigger home.
There are many reasons people want to move. If a move is on your mind, you may also be wondering if you should fix-up your house before you sell it, or go straight to the market as-is. For those trying to make this decision, here are some things to consider:
1. Analyze Your Market
I can help you to understand the current market and the potential level of buyer interest and demand for your home. Are we in a seller’s market or a buyer’s market? This can even change based on the price range of your home, too! I can also provide insight on what you can change or remodel, and how to declutter your house to make it attractive to buyers.
2. Get an Inspector
Right now, the average length of time a family stays in a home is between 9-10 years. That’s longer than the historical average. If you’ve been living in your home for a while, it might be time to make some significant improvements. For instance, electrical system, HVAC units, roof, siding, etc. An inspector can give you a better idea of the condition of your home, if it is up to current code standards and other suggestions that may be important.
3. Consider a remodel
You may also be thinking about a big remodel like a kitchen or a bathroom. If so, research the market value of your home, and compare it to the bottom line cost of the remodel. I can help you determine your home’s market value. You’ll also want to get a few quotes from contractors. Once you have this information you can decide if a remodel will give you a reasonable return on your investment when you sell. Sometimes it actually makes more sense to price your house to sell, list it competitively, and let a buyer do their own updates and pick their own finishes. The 2019 Cost vs. Value Report in Remodeling Magazine compares the average cost for remodeling projects with the value those projects typically retain at resale.
The current nationwide trend is that inventory is low, meaning there is less than the 6-month housing supply needed for a normal market. This drives buyer demand, creating a perfect time to sell. If you’re considering selling your house, I would be happy to sit down with you and weigh your options and provide information so you can make decisions on selling and remodeling. As your agent, I am here to provide you the most up to date information, help you price your home, and help you decide what’s necessary to get you the best price on your home. Call me today to discuss your options!