Judy Rivard's Blog
Although you'd like to sell your residence soon, your home's bathroom remains an eye sore, one that could make it more difficult for you to generate interest in your home in a highly competitive real estate landscape.
Fortunately, we're here to help you simplify the process of generating lots of interest in your residence and accelerating the home selling process.
Here are three tips that you can use to enhance your residence's bathroom, and as a result, boost your chances of a quick home sale.
1. Change Out the Hardware.
Believe it or not, updating bathroom hardware like drawer pulls and faucet handles may make a major difference in the eyes of homebuyers. Plus, changing out the hardware usually requires minimal time and effort, making it a fast, effective way to bolster your bathroom's appearance.
Ultimately, you'll want your bathroom to stand out to homebuyers for all the right reasons. And if you spend some time revamping your bathroom hardware, you can move one step closer to transforming your ordinary bathroom into an exceptional one.
2. Check Out the Lighting.
Does your bathroom feature sufficient lighting? If not, your bathroom may prove to be a liability rather than an asset to homebuyers.
Sconce lighting often represents a wonderful option for bathrooms because it can help brighten up big and small spaces. In fact, sconce lighting may even help you make your bathroom appear larger, as this type of lighting empowers you to illuminate your bathroom like never before.
Furthermore, you may want to consider dim lighting in your bathroom. Dim lighting is ideal for those who want to enjoy a relaxing bath and is yet another feature that may help your house stand out to homebuyers.
3. Install Proper Ventilation.
Without the proper bathroom ventilation, mold and mildew can cause severe damage. However, those who dedicate the necessary time and resources to install new bathroom ventilation or repair their existing ventilation can avoid long-lasting problems.
Measure the square footage of your bathroom before you install a new vent fan. By doing so, you'll be able to find a vent fan that can help you minimize mold and mildew consistently.
Also, when in doubt, be sure to consult with a plumber. This professional will be able to evaluate your bathroom's current vent fan, determine if a new one is needed and act accordingly.
Updating your bathroom may seem like a substantial investment, particularly for home sellers who lack extensive time and resources. Lucky for you, real estate agents are available who can help you establish home selling priorities and ensure you can revamp your residence to make it an attractive option for homebuyers.
A real estate agent understands the ins and outs of the housing market and will help you prepare your home. In addition, this professional will outline a strategy for improving your home's interior and exterior, ensuring your house will dazzle homebuyers any time they visit.
Bathroom improvements may help you differentiate your home from others on the real estate market. And with a real estate agent at your disposal, you'll be better equipped to optimize the value of your residence and accelerate the home selling process as well.
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No one should be forced to break the bank to secure a terrific house. However, a first-time homebuyer may be more likely than others to overspend on a residence, particularly if he or she fails to understand the ins and outs of the housing market.
Lucky for you, we're here to teach you what it takes to browse the real estate market effectively so you can find a house that matches your budget.
Now, let's take a look at three tips to help a first-time homebuyer purchase an affordable residence.
1. Examine the Housing Market Closely
Many great houses are available, and a first-time homebuyer should review a broad range of residences closely. By doing so, this homebuyer can establish a price range for his or her home search.
Evaluate the prices of residences that are currently available in your city or town. That way, you can find out what it costs to afford a home that may serve you well both now and in the future.
Also, assess the prices of recently sold residences in your area. With this housing market data in hand, you can find out whether you're about to enter a buyer's market or seller's market and plan accordingly.
2. Get Pre-Approved for a Mortgage
Pre-approval for a mortgage can help you map out a homebuying budget before you enter the real estate market. Thus, getting pre-approved for a mortgage can make a world of difference for any first-time homebuyer, at any time.
To get pre-approved for a mortgage, you'll want to meet with several banks and credit unions in your area. These lenders can teach you about different mortgage options and help you select one that corresponds with your budget.
In addition, be sure to ask plenty of questions about potential mortgage options before you make your final mortgage decision. This will allow you to understand the differences between fixed- and adjustable-rate mortgages and choose a mortgage that can help you avoid the temptation to overspend on a residence.
3. Collaborate with a Real Estate Agent
When it comes to pursuing a house for the first time, don't leave anything to chance. Instead, collaborate with a real estate agent, and you can streamline the process of purchasing an affordable residence.
A real estate agent helps take the guesswork out of looking for residences. He or she will keep you up to date about new houses as they become available and set up home showings on your behalf. Plus, this housing market professional will do whatever it takes to guarantee you can obtain an affordable house that surpasses your expectations.
Perhaps best of all, a real estate agent will help you alleviate stress throughout the homebuying journey. And if you encounter challenging negotiations with a home seller, a real estate agent will step in and help you get the best price for a residence – without exception.
Ready to purchase a house for the first time? Use these tips, and you can acquire an affordable residence that you can enjoy for years to come.
Have you ever visited someone's home and thought to yourself, "Their living room seems really cluttered" or "Those counter tops look like they haven't been updated since the 1960s!"
Many people quickly notice decorating flaws or home maintenance issues in other people's houses, but when it comes to their own homes -- well, that's another story!
Why is that the case? Two reasons: You're emotionally attached to your own home environment and you're also "too close to the trees to see the forest." It's hard to step back and see your home through a fresh set of eyes -- which is exactly the way prospective buyers are going to look it.
Curb appeal -- or a lack, thereof-- will be the first thing they notice, followed by positive or negative first impressions of your home's interior -- if they get that far! So if you're preparing to put your home on the market, you don't want to be like the person who tries to represent themselves in court. As Abraham Lincoln once said, they have "a fool for a client!"
Since first impressions are so vital when selling your house, it makes sense to confer with someone who really knows the ropes when it comes to home staging. Typically, that would be one of the following professionals:
- An experienced real estate agent: Real estate agents are in the business of helping people sell their homes as quickly and profitably as possible -- it's a win/win situation. In all likelihood, they've conducted hundreds of house tours and listened to a massive amount of feedback from prospective buyers. One thing they've invariably noticed is that a lot of people react the same way to the same issues. Based on experience and a trained eye, most real estate agents can quickly spot and point out cost-effective ways to make your home more marketable and visually appealing.
- A professional home stager: Although not all communities have access to professional home stagers, there are talented and knowledgeable experts in that field who can offer valuable advice. If you're working with an experienced real estate agent, however, it probably would not be necessary to pay extra to hire a professional staging consultant.
According to the National Association of Realtors, the median amount of money spent on staging a home is $675, so it doesn't necessarily have to be ultra-expensive. In a survey of its membership, Realtors ranked living rooms and kitchens as the most important rooms to stage. Also considered important are the master bedroom, dining room, and bathrooms.
Thirty seven percent of Realtors® representing sellers believe that buyers most often offer a 1 to 5 percent increase on the value of a staged home. A smaller percentage say the potential increase is in the neighborhood of 6% to 10%. However you look at it, you're tipping the scales in your direction when you make your home look its best prior to putting it up for sale.
Many home sellers face a dilemma. In most instances, it is important to set a competitive price for your property to stir up plenty of interest in it. Conversely, it is essential to explore ways to maximize the value of your residence.
For home sellers, establishing the right price for your house is key. By doing so, you can set a price for your home that meets your needs as well as homebuyers'.
What does it take to establish the right price for your residence? Here are three tips to ensure home sellers are equipped to do just that.
1. Study the Housing Market Closely
The housing market fluctuates constantly. As such, what your home was worth yesterday may not be what it is worth today.
If you study the housing market closely, you can price your residence based on the current real estate sector's conditions. Thus, you'll be better equipped than other home sellers to garner attention from homebuyers and accelerate the home selling process.
Examine the prices of comparable houses in your area, along with the prices of recently sold houses similar to your own. This will make it easy for you to establish "fair market value" for your property and price it accordingly.
Also, don't forget to conduct a home appraisal before you add your home to the real estate market. With a home appraisal, you'll be able to receive comprehensive insights into your home's condition and complete home repairs to boost its value.
2. Set Home Selling Goals
Do you want to sell your house as quickly as possible? Or are you looking to optimize the value of your home, regardless of how long it remains on the real estate market?
Set home selling goals prior to adding your house to the real estate market, and you can establish a fair price for your residence.
For example, if you want to sell your house so you can relocate quickly, you may want to price your residence competitively. On the other hand, if you can afford to be patient, you can always wait out a buyer's market to maximize the value of your residence.
3. Hire an Experienced Real Estate Agent
Your real estate agent will play a key role in your ability to sell your house and get the best price for it. And if you employ an experienced real estate agent, you should have no trouble accomplishing your home selling goals.
With an experienced real estate agent at your disposal, you can receive extensive support throughout the home selling process. This real estate professional will offer expert tips and advice to help you get your property ready for the real estate market. In addition, he or she can offer guidance about how to price your home competitively, whether to accept or reject a homebuyer's offer and more.
Collaborate with an experienced real estate agent, and ultimately, you can simplify the process of selling your home.