You’ve spruced up your home, done some landscaping, and given it a fresh coat of paint. It feels like you’ve done everything right to increase the value of your home so that when you’re ready to sell, you’ll make more than you spent on it.
Browsing Tag
selling a home
When someone thinks about buying a house, they usually think about meeting with a realtor, attending an open house, or maybe checking the 2 or 3 most famous real estate websites online.
When we buy houses locally, we prefer to use a real estate app. These apps are growing in popularity and as they grow they will only become more and more useful over time. Let’s take a look at the 5 apps that are already killing it in the real estate marketplace.
Property buyers currently exceed the number of properties on the UK real estate market significantly, which has led to some interesting trends across the nation. With properties viewed an average 14 times each, it is not surprising that the rate of gazumping is on the rise. New research shows rates of 36 percent so far this year, increased substantially from the 13 percent rate in 2015. This growth has climbed in alignment with rising house prices and property demand, and falling levels of stock.
When most people approach the prospect of buying a home, the ultimate resale value probably isn’t the first priority. In many cases they are seeking a property that meets certain needs, whether it has enough rooms to support their current family (or account for future growth), a yard for kids to play in, and a modern, gourmet kitchen, or it provides a good school district, a safe neighborhood, and proximity to a job, just for example. In addition, the majority of prospective buyers are working with a budget, which can limit options. So when it comes to considering the potential for resale value down the road, you simply might not be thinking that far ahead. However, you have to consider that buying a home for personal use also entails purchasing a financial asset, and an expensive one at that. You need to know that the money you’re putting in is going to pay off at some point with a return on investment. So here are just a few things you may want to think about before you buy.
The first thing to consider is the age and condition of the home itself. If you’re purchasing a property that’s older than you, you’re likely to encounter all kinds of issues. For example, roof leaks, plumbing problems, inadequate electrical systems, and outdated decor are all things that you might find in an older home (as well as hazards like popcorn ceilings that contain asbestos). What this means for you should you purchase the home is sinking in a lot more money if you want to turn your fixer-upper into an attractive property for another buyer during your tenure in residence. Of course, in many cases such upgrades can significantly add to the value of your home, so it’s certainly something to think about if you happen to be a handy sort.
Selling your home is a big deal. You want to ensure that you get the most you can for your home. When my husband and I recently sold our home, we chose to sell using a real estate agent. However, not everyone feels it is necessary to hire an agent.
If you plan on selling your home on your own, I would recommend that you do some research before putting your house up for sale. Before we had decided firmly on hiring an agent, I was searching online to see what information was available for people wanting to sell privately. I came across a website that lists the 14 biggest mistakes that homeowners make when they try to sell their homes privately.