By Melissa Dittmann Tracey, REALTOR® Magazine
Both real estate agents and home sellers see the value in simple home improvement projects, saying they believe small renovations can go a long way in helping a home sell faster and for more money, according to a recent Realtor.com survey.
Home sellers may not need as much convincing as previously thought on the reasons why you should spruce up your property before the for-sale sign goes up, according to a survey of 450 REALTORS® and more than 1,600 home owners.
But as sellers realize the importance of home improvement projects to improve a home sale, are they targeting the right projects to attract home buyers?
Apparently so, according to the survey.
Sellers and agents agree on the top three areas of a home that sellers should focus their most time and budget on with home improvement projects. Those are: Continue reading »
By Melissa Dittmann Tracey, REALTOR® Magazine
Any number of things has the potential to devalue a property and turn off buyers. According to a recent article by Investopedia (“Sellers Beware: 8 Factors That Devalue a Good Home”), here are a few common factors that often devalues a property … Do you agree?
Nearby eyesores. Cell phone towers or power lines overlooking a home can make some buyers skittish about the property. Also, messy neighbors or unsightly abandoned nearby homes also might devalue your listing (e.g. According to research by the Center for Responsible Lending, foreclosures will affect 91.5 million nearby homes by 2012 and reduce property values of these homes by $20,300 per household.). Read: Battling the Neighborhood Eyesore
Renovations gone wrong. Investopedia refers to this as the “DIY nightmare” when home renovations are done poorly. Continue reading »
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