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Selling
your home?
It's
time to clean house?
What can you do to boost your profits dramatically when you sell
your home? Most real estate salespeople will answer with one word:
clean.
Don't
be offended. No one's saying your house is dirty, but it does
need to be showcased to its greatest advantage if you want to
get the best possible price for it. REALTOR® call this "staging"
your home for sale. It involves time and effort and may cost you
from a few dollars up to a few thousand, but the payoff will be
there.
How
much can a little elbow grease and attention to detail actually
be worth? "A house in tip-top shape priced at $100,000 will
get its asking price or close to it, while you might have to take
up to 10 percent less - $10,000 - for one without the finishing
touches," says Marie Powell, president of Marie Powell and
Associates, Better Homes and Gardens.
A
real estate professional can advise you on specific ways to present
your home. Keep in mind that their recommendations aren't meant
as criticisms. Rather, your home is competing against dozens of
new and existing houses. So enhancing your home's market value
may involve one or more of these factors:
Curb appeal. "You have just one chance to make a good
first impression and this is it," says Michael W. Owen, a
REALTOR® with Arvida Realty. Does your house need painting?
Is the driveway free of stains? Are the lawn and shrubbery manicured?
Do the screens need to be replaced? Buyers believe the condition
of a home's exterior speaks volumes about the interior. Be sure
your house makes a good impression.
Front door. A freshly painted door, new or polished kickplate
and a pot of flowers are warm and inviting. Stains, scratches,
dents and cobwebs create an entirely different mood.
Odors. "Every house has a distinctive smell that its
owner gets used to," notes A. Michael Hickox a REALTOR®.
"But pungent odors - pets, tobacco, food - can turn a buyer
off. A deep cleaning and deodorizing may be essential. Consider
hiring a service if you don't want to do it yourself," he
says.
Lighting and general appearance. As the song goes "let
the sunshine in." Even if you prefer a dark house, most buyers
react positively to a light, airy home. Besides, it makes your
rooms seem more spacious. Open up the curtains and blinds, make
sure the windows sparkle, wipe the baseboards, remove fingerprints
from the doors and dust blinds and light fixtures.
Carpeting and painting. Sellers often concede that carpeting
should be replaced or rooms painted but decide instead to subtract
the cost of these improvements from the sales price. The problem
is that buyers inflate the cost of these improvements. "Buyers
begin making mental deductions from the moment they arrive,"
says Hickox. "If something will cost $2,000, they may mentally
figure $5,000, or if it's $100 they may think $1,000. In many
cases they just don't want to bother. Seller are usually better
off having the work done before putting their house on the market."
Colors. Bold, vivid colors may suit your style, but neutral
tones will appeal to the widest range of shoppers. A new coat
of paint will earn you far more than it costs, including labor.
Furnishings and keepsakes. If your rooms look crowded and
your closets filled, your REALTOR® may suggest that you rearrange
or even temporarily store furniture and hold a garage sale before
showing. You may also want to protect your collectibles by packing
them away. The goal is to highlight your house, not your possessions.
Kitchens and bathrooms. Kitchens and baths sell houses and
a thorough cleaning of those rooms is critical. But don't forget
the extra touches, says Arlene Carozza of The Prudential Florida
Realty. "You might put some place settings around the kitchen
table, dab a little vanilla on a light bulb with a cotton ball
for a nice pleasant scent, organize the cabinets, put out fresh
towels and decorative soaps."
Clutter. "Whenever you leave your home, the beds should
be made, the sinks empty, the clothes hung up," Carozza adds.
That's not all. Newspapers, magazines, books, trophies, mementos
and even large clusters of photos can all be costly distractions
if they become the one thing a prospect remembers about your house.
In this case, less is more.
Perhaps you're thinking that all this staging will strip the personality
from your home. Well, experts do find that depersonalized homes
sell faster and at a better price than those left as is. Just
think of the new, furnished model home down the road - that's
your competition.
Some
real estate pros suggest that you compare selling a house to looking
at a used car. The dealer keeps it in spotless condition, with
no reminders of the previous owner, so shoppers can picture the
car as theirs.
That's
just the reaction you want when you clean to clean-up on your
real estate investment. Remember, you never get a second chance
to make a first impression.
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