What Every Seller Needs To Know About Renovating This Year

Here are three things to keep top of mind as you’re making your list of projects to tackle this year.

The Number of Homes for Sale Is Very Low

Housing inventory sits far below what is normally considered a balanced market. Because there’s such a limited supply of homes available for sale, you’re in a unique position when you sell your house to benefit from multiple offers and a quick process. Spending time and money on renovations before you sell could mean you’ll miss your key window of opportunity. Of course, certain repairs may be important or even necessary. The best way to determine where to spend your time – and your money – is to work with a real estate advisor to confirm which improvements are truly needed and which ones aren’t likely to be deal-breakers for buyers.

Buyers May Be Willing To Take on Projects When They Purchase Your House

Today, many buyers are more willing to take on home improvement projects themselves to get the house they’re after, even if it means putting in a little extra work. A recent survey from Freddie Mac finds, “. . . nearly two-in-five potential homebuyers would consider purchasing a home requiring renovations.”

Your Agent Will Help You Spotlight the Upgrades You’ve Made

With more homeowners taking on more projects in the past 12 months, there’s a good chance you’ve already made updates to your home that could appeal to buyers. If that’s the case, your real estate advisor will find ways to highlight those upgrades in your listing.

In a sellers’ market like today’s, it’s important to spend your time and money wisely when you’re getting ready to move. DM me today so you can find out where to target your efforts before you list.

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