SellAustinTexas

In September, we posted “Upgrades that Pay Off” – tips for home remodeling for those interested in investing in their property. In a money conscious market, sellers are interested in sure-fire ways to invest in their home to improve appeal to get the house sold, and value for when it is.

It was the question posed to the Austin-American Statesman yesterday: “How do we know if the time and money we put into upgrading the house for sale will be worth the investment and lead to an eventual sale?”

Look at the market. Think both big and small – find the big trends, but also look at the homes in your neighborhood (what is selling, and how long it’s taking). Visit your competition – tour homes as if you were a buyer to get ideas for when it’s your turn.

Perform a home pre-inspection. Surprises at home inspection kill many deals. Even if you elect not to fix a problem, you should ask for bids from three contractors or vendors to present to potential buyers, a standard practice to give buyers an idea of the cost to repair.

Target your potential buyer. Who would be most likely to shop for your home? If you live in an artsy, historic, or charming and quaint neighborhood, be sure to keep those elements and not overwhelm them. On the other hand, if homes around you are big and new, you might add lavish, luxury elements. Find an agent with expertise in your type of home, and who will discuss your ideas and options with you.

Tags: home inspections, Home remodeling, home value, selling your home, upgrades

This entry was posted on Monday, December 14th, 2009 at 9:58 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.