For home sellers, spring has always been the happiest time of year as April, May and June represents when potential home buyers come out en mass. Potential buyers have more than their fair share of options since private sellers are being pitted against a plethora of real estate owned properties. In the market place private sellers have the competitive edge and many are implementing affordable home staging techniques as they are the key to selling success, not costly renovations.
New home owners love putting their personal touches into their homes by expressing themselves with color or investing in renovations. When it comes to the latter, some individuals make the mistake believing that their improvements will add to the fair market value of a home over time. While it is true that some renovations like a smart kitchen remodel or updating a bathroom may make a home stand out from a competition, other upgrades should be avoided altogether as they may actually deter potential buyers.
Adding a Swimming Pool
Swimming pools will illicit different responses from home buyers. While some individuals are specifically looking for properties with swimming pools so they have the luxury of cooling down in the privacy of their own back yard, others may look at the water as a hindrance that may force them to invest time, effort and money.
Swimming pools need to be cleaned and maintained and the contraptions can pose serious risks to unsupervised children and pets. As a result, many home owners prefer not being burdened with the responsibility. If you are a homeowner thinking about putting in a swimming pool as an investment, do not bother as it may actually be a deterrent to a potential buyer. However, if you want to add a natatorium for pure enjoyment, go for it.
Wall-To-Wall Carpeting
There was a time when promoting 'new wall-to-wall carpeting' was the key to composing an effective home listing, but since the 70s are long gone there is no guarantee that buying that type of floor covering will pay off. There are thousands of types of flooring options and while a home seller may love the new shag rug they installed to pay homage to Lenny Kravitz, home buyers may prefer the simplicity of hard word flooring.
Home sellers preparing for the spring rush are better off working with what they have in order to impresses potential home buyers. If a home already has carpeting, a seller is actually better off checking underneath to see if there is hardwood flooring underneath. With a little elbow grease, the carpeting can be easily removed and the natural beauty of a hardwood floor can be exposed. If there is no such surface underneath, home sellers should only invest enough cash to pay for professional carpet cleaning. Odds are that a new homeowner will want to change the flooring option to something they personally picked out.
Exceeding the Joneses
Buying the least expensive home on the best block is sage advice for many home buyers. Since that idiom holds true for many, home sellers should not spend too much making their home look like the best one on the block. That process can actually back fire as home buyers may in turn look at the surrounding neighborhood and realize that the property they are eyeing stands a bit too far apart from the crowd. Additionally, those changes can also end up raising the property taxes for the potential owners courtesy of raised value assessment.
