Spring is the prime season for selling homes, but with a shrinking pool of buyers, sellers need to make their properties stand out. Research commissioned by Zillow and conducted by The Harris Poll reveals that most sellers undertake at least two home improvement projects before listing their homes. Interior painting, carpet cleaning, and landscaping are the most common projects completed. On average, sellers invest around $5,400 when hiring professionals to carry out these projects, although costs vary by location and project size.
These improvements can significantly enhance a home's curb appeal and create a positive impression on potential buyers. Experts emphasize the importance of an inviting outdoor space, clean floors, and a fresh coat of paint in attracting buyers. While sellers may hesitate to spend upfront on these projects, the investments can pay off by either accelerating the sale or increasing the selling price.
The survey findings indicate that 74% of recent sellers believe the improvement projects they completed helped sell their homes. Interior painting and landscaping were reported as the most impactful projects. Some experts highlight that a well-maintained home can sell for about 10% more than one in average condition. Buyers seek the assurance that they are investing in a well-cared-for property.
Interestingly, only a small percentage of sellers attributed the sale of their homes to appliance repair or replacement, roof repair or cleaning, and kitchen renovations. While kitchen renovations can average $10,355, sellers often find that other projects have a more significant impact on the sale. Neglecting necessary repairs and cosmetic updates can result in seller regret, especially in the current market. 30% of recent sellers believe additional improvements or repairs could have increased their sale price.
Listing a home for sale in late April is traditionally the optimal timing, emphasizing the need for sellers to start early with repairs and improvements. Delaying the process can lead to regret, and sellers who undertake at least one home improvement project before listing their homes often find that it takes longer than anticipated. Although homes now spend a median of 54 days on the market, well-presented listings still attract buyers within 18 days nationwide.
Navigating the current housing market requires guidance from local real estate agents who can advise sellers on worthwhile projects based on their neighborhood's market conditions. TOV Restoration can also assist homeowners in finding local professionals to complete the necessary improvements. By investing in home improvements, maintenance, and repairs, sellers can increase their chances of attracting buyers and securing favorable sale prices.
You must have experts backing up your decision to follow through or leave a project. TOV Restoration is one such company that goes glove in hand with the client's wishes as well as informs them (with data) about the merits and demerits of a project at any moment in time.
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