If you’re planning to sell your home in 2018, you’ve chosen a great year to put your house on the market. It’s a seller’s market, which means there are more potential buyers than there are homes to buy. CEO of Zillow Group, Spencer Rascoff, says there are 13 percent fewer houses on the market today than there were a year ago. With less competition, homeowners can usually sell over the asking price.
In some markets, like San Francisco and New York City, this means sellers can do next to nothing and still sell it over the asking price. Even derelict buildings go for a pretty penny in these cities. For other parts of the country, a seller’s market isn’t as forgiving. You still have to put in some work to make your bungalow or townhouse appealing to buyers.
Staging is an essential part of marketing your home to sell. You wouldn’t skip out on putting your listing online or hosting an open house, so don’t pass over the chance to stage your home. It guarantees you get the most for your property, so take a look at these easy steps to impressing your buyers.
Remove clutter and personal items.
Home staging makes your space as appealing as possible to your potential buyers. Think of it as an opportunity to give your home a clean slate before you move out. Removing mess and personal items reverts your home back to the blank canvas that it once was, ready for the next homeowner’s artistic touches. When you don’t take the time to clean up, you’re making it hard for your potential buyers to picture how they could decorate the space.
A house put up for sale in Brantford, Ontario last spring is a great example of how personal knickknacks can reduce your chance at selling. What was a modest bungalow on the outside concealed over 1,500 clowns the homeowners collected. Despite getting international coverage, the house stayed on the market for several months. Even if you aren’t afraid of clowns, it’s a little creepy to look through a house almost entirely decorated by these jokers and imagine yourself living there.
Your realtor or a staging professional can identify these issues within your home. To save a bit of cash, ask a brutally honest friend about your design choices. They can be just as good as a professional at spotting these issues — and they’re free!
Limit furniture to quality items.
Dated design choices and worn-out furniture can harm your chances of a sale, too. It makes people assume you’ve done nothing to renovate the home —which makes them think they have a lot of upgrades to complete if they were to move in. Unless they’re already committed to buying a fixer-upper, they don’t want to think their brand-new home comes with a lot of work.
Along with a fresh lick of paint, your home may need new items to breathe new life into your spaces. But don’t overcrowd your spaces. Your home should have a minimalist design style that creates a good visual flow throughout your spaces.
You might need to put old pieces in a storage room until you can move out and replacing them with well-made statement pieces. Depending on what your home needs, this last step can be expensive. If you ever find yourself short covering these costs, get in touch with a direct lender like MoneyKey. Direct lenders have created a simpler, faster, and more convenient way to borrow money online, so you can get the cash you need as quickly as possible. Their short term loans act as a perfect substitute for savings when you’re staging your home. MoneyKey is here to help for any unexpected expense, so you have the freedom to pay for what you need.
Some cities have a housing bubble so large and resilient that sellers don’t have to do anything to their properties to generate interest. Unless you live in some of North America’s biggest cities, these same rules don’t apply. You’ll need to make a few changes to ensure your home sells for the highest prices as quickly as possible. Think of it an investment with a quick return.Staging your home will ensure your home sells at exactly you want — and maybe more!