If you're planning to sell your home, keep in mind that there are buyers out there willing to pay top dollar. However, they prefer homes that are ready for immediate occupancy. According to a recent announcement from Redfin:

““Buyers are still out there and they’re willing to pay today’s high prices, but only if the house is in really good shape. They don’t want to spend extra money on paint or new appliances.”
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— Redfin

That logic checks out. With the current real estate market, buyers are shelling out substantial amounts for homes. This could indicate they won't have extra funds for upgrades once they've purchased a property. Consequently, if your home is behind the times or requires repairs, potential buyers might overlook it or propose a lower offer than anticipated.

There is currently a high demand for home upgrades, as millions of homes are entering their prime remodel years, typically between 20 and 39 years old. If your home falls within this age range, it may be a good time to consider making some updates. According to John Burns Research and Consulting (JBRC), the number of homes in need of remodeling is increasing steadily.

If your home fits into this group, it's crucial to think about making targeted upgrades to make it more attractive to potential buyers and speed up the selling process. Wondering how to determine the best areas to focus on and invest in?

Why You Need a Real Estate Agent

When collaborating with a local real estate agent to strategically plan your renovations, you can ensure that you are making a wise investment. In essence, not all upgrades justify their costs, as highlighted by Bankrate.

““Before you spend money on costly upgrades, be sure the changes you make will have a high return on investment. It doesn’t make sense to install new granite countertops, for example, if you only stand to break even on them, or even lose money.”
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— Bankrate

And according to the Bankrate article, that’s when a local real estate agent can step in to assist.

““. . . a good real estate agent will know what local buyers expect and can help you decide what needs doing and what doesn’t.”
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— Bankrate

Your agent is knowledgeable about what buyers in your area are seeking and how much they are willing to spend. Collaborating with them can help you steer clear of unnecessary expenses on upgrades that may not increase your home's value. Your agent will advise you on which modifications can enhance your home's appeal and overall worth.

Bottom Line

Selling a house in today's market goes beyond simply displaying a For Sale sign. Ensuring it's in top condition is essential to attracting potential buyers who are ready to pay the current high prices.

To achieve this, focus on strategic enhancements that offer the highest ROI. Partner with us to gain insights on buyer preferences and identify necessary upgrades prior to listing your home for sale.