Ready To Sell Your Home In Lapeer? Make It Stand Out In The Market
In a market that’s shifting as fast as it is today, many homeowners in Lapeer wonder what, if anything, needs to be renovated before they sell their house. That’s where a real estate professional comes in. We can help you think through today’s market conditions and how they impact what you should – and shouldn’t – do before selling your house.
Here are some considerations.
What You Need To Know About Your Local Market
Since the supply of homes for sale has increased so much this year, today’s buyers have more options than they had last year. That may mean you’re not able to ignore some of those repairs or cosmetic updates you could have skipped in previous months. As a recent article from realtor.com says:
“To stand out in the market, sellers should make their home attractive to buyers, which usually means some selective updates.”
The key word here is selective. Since it’s still a sellers’ market in Lapeer, focusing on a few key areas may be enough to make your house stand out from other options. And since inventory is still low overall, it’s also possible buyers may be willing to handle the renovations themselves once they move in. It all depends on buyer demand and the available inventory in your local area.
Not All Renovation Projects Are Equal
In addition to making sure your house makes a good first impression, you’ll also want to consider the return on your investment (ROI) for any renovations. According to the 2022 Remodeling Impact Report from the National Association of Realtors (NAR), here are the projects that could net you the best return when you sell your house (see visual below):
When we come to your house for a walk-thru and consultation, we’ll use our expertise to offer any insight into what you may need to repair, replace, or refinish. We also know what other sellers are doing before listing their homes and how buyers are reacting to those upgrades to help steer you in the right direction. Vice President of Demographics and Behavioral Insights for NAR, explains:
“This year, the winner was hardwood flooring. Hardwood floor refinishing and putting in new wood flooring had the most significant value, . . .”
How To Draw Buyer Attention to the Upgrades You’ve Made
We’re not just an advisor to help you decide where to focus your efforts, we’re also skilled at highlighting any upgrades in your listing. That way, potential buyers know about the features that may help sell them on the house.
No matter what, contact us for expert advice on what work needs to be done and how to make it as appealing as possible to future buyers. Every home is different, so make sure you make the right moves when selling this season.
Bottom Line
In today’s shifting market, it’s important to spend your time and money wisely when you’re getting ready to move. Let’s connect to find out where to focus your efforts before you sell.
Donald Horne / Broker-Owner
Team Success Listing LLC
teamsuccesslisting@gmail.com / 810-338-0628