Factors to Help You Sell Your Home
Selling a home isn’t all about curb appeal cosmetic changes. And even before buyers lay eyes on a home, there are more impactful items that can be added to a home’s resume to bump a buyer’s interest and help ease their minds about the structural integrity and efficiency of the home.
At today’s rates, it is still a buyer’s market. This means that sellers need to really work at stepping up their game at the foundational level. As any seller knows, the longer a home is on the market, the lower the bids that filter in over time. This makes quickness a key factor in receiving a fair asking price.
This also means that just doing a little bit of superficial sprucing up won’t be enough. Lower real estate prices mean that buyers can use that extra cash to repaint or re-tile themselves (and in their own style preferences), and therefore many buyers these days are looking for bigger-ticket items. Let’s take a look at a few of these items and where those pre-sale dollars will make the best impact.
1) Air conditioning and heating system
Most buyers will be much more likely to have interest if the home already has an air conditioning and heating system. And if you have an older system in place already, upgrading your HVAC system not only increases efficiency, but can offer the buyer more customized and automated management of their in-home environment. Along with the peace of mind that comes with knowing the home they are purchasing has new facilities that they won’t have to worry about for years to come, a new HVAC system offers potential buyers set temperatures for different areas of the home, automatic temperature adjustment during peak hours, and energy management.
2) New windows and doors
Upgrading windows can be one of the best options for increasing efficiency. As a side benefit, it also adds aesthetics to the property. Such an improvement can be boldly labeled on a home’s resume, and can go a long way towards decreasing the time your home stays on the market. Doors can also be not only an energy saver, but an aesthetic improvement to catch the eye of the buyer. Look into doors with a foam core and built-in weather stripping to add money-saving insulation to the home.
3) New roof
To get the most impressive return, take a look at areas of your home that will most greatly impact a new buyer’s energy efficiency. If the roof is old, it might be worth considering an upgrade. A brand new roof can be an enormous selling point, and increase a bid dramatically, as roofs last many years and can also increase heating and air conditioning efficiency.
4) Sturdy foundation
A home’s foundation is a critical piece of its value. If your foundation is cracked or shifting, or your basement is in poor shape, fix it up before selling. Seeping water or large cracks can cause a buyer to think twice before purchasing. Horizontal, wide, or uneven cracks can be a sign that the entire home is shifting, and can deter a conscious buyer.
5) High-efficiency appliances
If your old appliances and fixtures are falling apart or looking dated, consider replacing them with tried-and-true Energy Star models. This goes for everything from dishwashers to faucets and toilets. And this is the least costly of the considerations to take when updating. Most often, it will cost less to make the fixes than it will to pay the difference in an interested buyer’s bid if they had to account for the work needed.
Although fixtures and appliances will catch the eye, updating the roof, HVAC system, and windows and doors can be enormous selling points for a buyer who is interested in picking up a turn-key home that won’t end up costing them hundreds of dollars a month in inefficiencies—or hundreds of dollars in fixes down the line.
Energy-efficient modifications can do an exceptional job of piquing the interest of a buyer in the current market. Look to the foundational energy efficiency of your home and leverage the interests of today’s energy-savvy buyer.
For over 45 years, Bob Jenson has been providing quality heating and air services to the San Diego community.
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