american property & real estatetaxi fareamerican property & real estate


So you've decided to sell your home.  No what do you do?  This is a question that many homeowners are faced with.  Should we replace the carpets that are badly matted?  Should we update the kitchen that hasn't been touched in twenty years?  Should we have our home freshly painted?  We are asked these questions all the time.  As with mostly everything else that applies to buying and selling homes, there is a process that should be followed.
1. Have your agent give you the value (or expected market price) of your home in the condition it is currently in.  The value might surprise you and you may be satisfied with just moving forwar "as-is".  If the value is considerably lower than what you might want or need, then start introducing some value adding ideas.
2. Start small.  Some low cost, high return ideas are fresh paint, fresh mulch on the landscaping, things of that nature.  Think of some things that you can address on your own, without the help of a professional, to save on those costs.  Of course, the work needs to look well-done, so in some areas where you may not be confident in the result, perhaps consulting a professional is a good idea.
3. If money must be spent on invasive updating it is highly advisable that an in depth cost/return analysis be done by both the seller and the seller's agent.  Remodeling kitchens and bathrooms, and replacing carpets and flooring will be expensive.  Make sure there will be a return on these monies spent.
A mentor once said "If you're going to put one dollar in and get two dollars out, that's a good deal!  If you're only going to get one dollar back out....why go through the trouble?"  This is excellent advice, and this question should be asked at every instance where money will be spent on the home once selling has been decided.