Selling your home this spring may require more preparation than it did a year or two ago, given the current state of the housing market. While there are more homes for sale compared to the same time last year, the inventory remains historically low. Consequently, if a house has been on the market for an extended period, it is an indication that it may not meet the expectations of potential buyers. However, updated homes priced at market value continue to sell quickly in the present market.

The spring buying season is fast approaching, making it an ideal time to begin preparing your home for sale. A reliable way to determine the most effective areas to focus your time and resources is by collaborating with a trustworthy real estate agent who can provide insights into the most valuable upgrades in your specific area.

Curb Appeal

Making small cosmetic updates, such as repainting and power washing the exterior of your home, can create an impressive first impression for potential buyers and make your property stand out. Collaborating with a real estate expert can help you identify cost-effective projects that you can undertake to enhance your property’s appeal to buyers in your local market.

It’s essential to keep in mind that when you’re making repairs and updates to your home before putting it up for sale, you’re doing so for someone else’s benefit. Therefore, it’s crucial to prioritize projects that will enable you to sell your home faster or at a higher price rather than focusing on features that appeal to you as a homeowner.

Below is the 2022 Remodeling Impact Report from the National Association of Realtors (NAR) with popular home improvements and what sort of return they bring for the investment (see graph below):

With the spring season on the horizon, it’s time to prepare your home for sale. Contact me today to determine which updates are the most logical for your specific situation.