A home with modern features and amenities is more likely to sell at the top of its price range than one that is seen as "dated". Unless a buyer is searching for a fixer-upper, he or she won't want to pay top dollar for a house that needs to be renovated before moving in.
It really is amazing how much of a difference modernizing your home can make when it comes to selling. And how simple the changes can make a big difference in the long run. Here are six reasons why renovating is straight up a great idea before selling your home.
Buyers Prefer Functionality Over Charm
While buyers may like a little bit of charm or character from a house, what they really want is functionality. Opening up the floor plan or adding modern features such as new appliances or central air makes the house easier to spend many years in.
Automation Makes a Home Easier to Manage
Home lighting automation makes it easier to keep electric bills down while smart appliances can tell you if there is a problem before it becomes costly to fix. Since you don't need wires, there is less mess and less of a fire or safety hazard. This also can help add a unique lighting and glow to your home which can make it really stand out.
Energy Efficiency Is a Huge Draw
LED lights, a new furnace or natural insulation in the attic can reduce a buyer's carbon footprint and help save money at the same time. If you want to sell your home, these are the features you need to make it attractive to younger buyers especially.
Make Your Kitchen Bright and Beautiful
The kitchen is the focal point of your house. Adding storage space or modern light fixtures will make it feel like a place where a buyer would want to entertain friends or eat dinner with the family on Sunday night. Don't forget that you can recoup the cost of a kitchen remodel when you sell. With just a minor kitchen remodel you can recoup 108% of your costs according to the Los Angeles Cost vs. Value 2016 report.
Open Floor Plans Are Popular
Buyers today want an open floor plan with good sight lines. This allows an individual to go into the kitchen without having to pause a television show or watch the kids play outside from the kitchen table while drinking coffee or reading a book. Major structural remodels can get pricey but if it's possible to open up your floor plan, take advantage.
Old Building Materials Can Be Health Hazards
If your home is old it could have asbestos or lead paint in it, you should have those materials removed immediately. Lead has been linked to developmental issues in children, and no buyer will want to buy a property that could harm their children.
If you want to sell for top dollar, your home has to be worth it. For more guidance on how to get the price you want for your home and a proven selling strategy, work with a First Team agent. As the #1 Real Estate Brokerage in Southern California, we know a thing or two about how to do it right.
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This guest post is written by Kara Masterson, a freelance writer from West Jordan, Utah. She graduated from the University of Utah and enjoys writing and spending time with her dog, Max.