How to Limit Spending When Getting a Home Ready to Sell

It is common for homeowners to think that selling a home is an expensive endeavor. From repairs to staging, the process can seem overwhelming. With the advice of a knowledgeable real estate professional, sellers often find there are ways to keep costs low and come out on top during the selling process.

WORK WITH A SEASONED PROFESSIONAL Those who are unfamiliar with the selling process may try to take on everything themselves, which can lead to errors regarding documents, home staging, repairs and inspections. While many individuals initially opt for the “go-it-alone” approach to save money, working with seasoned professionals can help avoid costly errors. A real estate agent can provide sound advice on current market trends, accepting offers and enhancing listings to attract more buyers. A home inspector is another seasoned professional you should take advantage of, and can also help to save money. Remember, buyers will likely hire their own inspector to examine a home and if they find significant problems, they may ask you to lower your asking price or walk away altogether. However, if you discover issues beforehand and have them repaired, you may be in a better position to price your home and mitigate potential problems.

KEEP IMPROVEMENTS TO A MINIMUM Minor updates to a home can be helpful in attracting buyers. However, going overboard on updates to sell a home may not give you the kind of return you are expecting. For example, adding on an office addition or turning the basement into a den may make a home more appealing, but buyers may be unlikely to pay a great deal extra for it, according to the National Association of REALTORS®. Instead, you may benefit more from small touch-ups, such as repainting, adding new fixtures and hiring a landscaper to improve curb appeal. In some cases, if you have an outdated kitchen and/ or appliances, you may want to undertake a larger project such as replacing floors or countertops. If you decide to take on these renovations, stick to materials used in similar homes in the neighborhood.

Please give me a call at (408) 410-2060 or shoot me an email at nicole.emanuel@cbnorcal.com if you have any questions on preparing your home for sale. I’m happy to help!

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