5 Myths About Selling Your Home Debunked
March 4th, 2015
Myth Number 1: I need to redo my kitchen and bathroom before selling.
Truth: While a newly renovated kitchen and bathroom can increase the value of a home, you won’t get a large return on investment if you do a major renovation before selling.
However, minor renovations like new countertops or new appliances may help you sell your home for a higher price. Check out comparable listings in your neighborhood to see what work you need to do in order to compete in the market and reel in a buyer.
Myth Number 2: The inside of my home is more important than the outside.
Truth: Nobody likes to admit that they judge a book by its cover at times. This is the case for home buyers as they often make snap judgments, often based simply on a home’s exterior. If the yard is cluttered or the driveway is broken up, potential buyers are more likely to never enter the house.
Fortunately, it doesn’t cost a bunch to make some drastic changes to your home’s exterior appearance. Begin by cutting the grass, trimming the hedges and clearing away any clutter. For around $50 you can put up new house numbers, paint the front door, or plant some flowers to brighten up your exterior.
Myth Number 3: If my house is clean, I don’t need to stage my home.
Truth: A clean and tidy house is a great first step, however as more and more sellers have brought in professional home stagers, the bar has risen. The days of tossing the dirty laundry in the closet are over.
Stagers skillfully identify ways to highlight your home’s best features and compensate for its drawbacks. A stager may recommend removing blinds from a window that has a great view or replacing a double bed with a twin to make the room look bigger. It’s common for stagers to de-clutter and depersonalize homes by putting furniture and family photos into storage. Or, if you’ve already moved out, a stager can bring in furniture to give potential buyers a feel for how the rooms might be used.
You don’t, by any means, have to hire a professional stager. But if you don’t, remember some of their tactics to get your home ready for sale.
Myth Number 4: Granite and stainless steel appliances are no longer “in”
Truth: The majority of home shoppers will want granite counters and stainless steel appliances.
Most shoppers want to steer away from anything that looks dated. When you design a space, you have to decide: “Am I doing this for myself or for resale?” If you’re not planning to move anytime soon, you can decorate your space any way you want. But, if you have plans to put your house on the market within the next couple years, stick to elements that have mass appeal: neutral paint and tile colors, matching appliances or top-of-the line appliances.
Myth Number 5: Home shoppers can look past paint colors they don’t like
Truth: Moving is hard work, and while many home buyers understand they could take on the task of painting walls, they simple don’t want to, or at least for a while.
For that reason, one of the most important things you can do to update your home to make it more appealing to potential buyers is applying fresh coat of neutral paint. Neutral colors also help a property stand out in online photographs – which is where most potential buyers will get their first impression of your property.
Instead of hiring a professional to paint the interior, you could buy the paint and do it yourself for $300 to $500. Whichever way you decide, a fresh coat of paint helps your home stand out in a competitive market.