I was quoted in Cincinnati.com article on the steps home owners should take when preparing their homes for sale. I enjoyed speaking with Angie Hicks, founder of Angie’sList.com, about upgrades, timing, and the reality of selling a home in Cincinnati in this economy. When we spoke I really emphasized the importance of potential sellers taking the steps to bring thier home up to good condition prior to putting it on the market.
“Homes that have updated kitchens and bathrooms tend to sell quicker,” said Alison Moss, a real estate agent with Comey and Shepherd, Realtors in Cincinnati. “Obviously, a house that sells quicker is going to sell for more money. Homes that have newer furnaces, roofs, exterior siding and things like that, which are well-maintained, can bring in higher values as well. People (today) don’t have the extra money to be able to make improvements. The more move-in ready the house is, the higher value you’re going to get for it.”
While getting your house in great shape before selling it will make it more attractive to buyers, doing the upgrades while you own the home ensure that you get to enjoy the enhancements. I suggest to my buyers to make upgrades that make sense to the aestetic of the home but that will also deliver value and enjoyment to them over the long run.
“A lot of people who have been in their homes are trying make cosmetic types of improvements now to sell the house, but they never actually enjoy those improvements,” Moss said. “I think one of the key things that people should be doing is making improvements over time to their homes, so they can enjoy those improvements that they’re making.”
Are you thinking about doing some renovations and upgrades in your home? Concerned about resale value? Call us and we will be happy to answer any questions you have.