Homeowners nationwide have seen their home values dip over the past few years, more in some areas than others. But homes are still selling, noted California REALTOR® Ellen Parker, who recently sold a $1 million property in an Orange County neighborhood where sales have been relatively slow.
“People have to sell their homes for a variety of reasons,” Parker said, “and buyers are out there for a home that has good curb appeal, is fairly priced, and is well-maintained inside and out.”
Parker shares six ways homeowners can be assured their homes will continue to gain value, even in a slow market:
Make repairs – It’s hard to spend money when budgets are tight, but don’t procrastinate on needed repairs such as roof work, painting, or landscaping. Making repairs are a necessary component of homeownership, and staying on top of them is a sure way to safeguard your home’s value.
Update the kitchen – Kitchens are a major selling point, and little turns a buyer off more than outdated cabinets, counters, and appliances. On the other hand, don’t go overboard with expensive amenities without researching neighborhood comparables.
Update bathrooms – Handsome low profile toilets can cost under $100, and stained or damaged tubs or showers are inexpensive to repair or replace. Attractive lighting fixtures and/or updated sinks also appeal to today’s buyers.
Energy savings - Buyers want homes that are energy efficient. Low-flush toilets, solar panels, water filtration systems, and insulated windows are all inexpensive but worthwhile fixes.
Keep the neighborhood desirable – Get involved in local organizations, such as the PTA or service clubs, which have a stake in school and community improvement. Involvement is a good way to keep track of what’s going on in your schools and neighborhoods, and can increase the odds that yours is the neighborhood most desired by new and move-up buyers.
Reprinted with permission from RISMedia, publisher of Real Estate magazine. www.rismedia.com. By Barbara Pronin John Hatcher
Keller Williams Realty - The Hatcher Group
6 Deering Street | Portland, Maine 04101
207-775-2121 Office | 207-775-2122 Fax
http://JohnHatcher.us
John@JohnHatcher.us
