Martocchia Realtors®'s Blog
You may have noticed significant changes in your neighborhood. Younger couples and young professionals have been moving in around you. Along with them, you see a few new restaurants, coffee shops, or co-work spaces have popped up in the area. As you become aware of the increased attraction of your community to younger buyers, you might consider selling your home under a potentially upgraded resale value. So, how do you know what attracted these young folks to the homes in your neighborhood? You purchased yours some years ago and are trying to compare the value you saw to the new perception. If this seems to fit your situation, these tips below and a consultation with your local real estate agent can help you properly determine what these new buyers’ value in a home and what you can do to most appeal to them if you want to resell.
The first thing to remember is you can't put Millennials into any specific box. This generation spans two decades of people with entirely different upbringings, social circumstances, technology, and more! Take a look at your home and neighborhood with your agent and find what features to highlight or improve before you sell.
Many young buyers want to own their own home but have active lifestyles or work-life and not much time to take care of the house. Some are well-adapted to technology but may not have learned the skills to care for property or a home. When considering upgrades to your home, consider replacing wooden siding with a fiber cement-style or sturdy new exterior technology that mimics wood but won’t need repainting. Think about replacing your lawn with a low maintenance xeriscape and extend your backyard patio to allow for more outdoor living space and less lawn care. Make sure your roof is up to par and won't need attention in the near future. Look for ways to minimize the work necessary to make the home easily maintained.
Consider the vast array of lifestyles pursued by Millennials today. With so many interests, endeavors, and hobbies young buyers are not necessarily looking for a traditional home set up—though they aren’t not-looking for it either. Open floor plans and easily changeable spaces are essential to your potential buyers. They may have aspirations of a home business or hobby or host different clubs and activities that require more than the standard living or dining spaces. Find ways to open up the home and allow for easy furniture changes. Look for opportunities to improve built-in storage to require less standing furniture in each room—hallway cabinets, built-in shelving, etc. If you can make your home appeal to the different living space needs of this eclectic buyer group, you can improve your sale prospects.
One desire of new home buyers that hasn't changed much from generation to generation. Many new home buyers have high aspirations in the realm of entertainment. Depending on your home's layout and style you won't be able to appeal to all entertainment goals, but you should look for ways to highlight and improve some key areas of the home — first, the kitchen. Young buyers no longer use formal dining rooms for entertaining guests. Many want an open kitchen with plenty of seating and counter space, and an ability for the host to entertain while cooking. Look for ways to upgrade your kitchen, add an island and wet bar area and move the party into the kitchen space. A great patio is another way to attract buyers. Extend your back patio to allow for more seating area or install a great built-in grill to be the center of entertaining. Take a look at your space to find how you can upgrade different parts to show your buyers the possibilities: sitting area, grill area, possible hot tub area, space built for outdoor games and more!
If you hope to sell your home soon, and you think you see a new market in younger buyers, get with your local real estate agent to make a plan to attract these buyers to your home’s value.
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Sometimes it can feel like we spend all of our free time cleaning. Especially, when we cohabitate with children, animals and/or a particularly messy partner. Creating quick habits that become second-nature helps to keep a clean, inviting home. Here are a few things that are (relatively) simple enough to do (almost) every day.
Put coats away in an orderly way. If you don’t have a closet in your entryway make sure there are hooks installed either to the nearest wall or schedule a weekend project to make a classy, stylish storage bench. Creating a storage bench has the added functionality of a place for everyone to stop and take their shoes off and even place them in a designated cubby underneath.
Wipe down counters daily. Even in the bathrooms. Keep disposable cloths or, for an eco-friendly option, a microfiber towel on hand to quickly wipe down surfaces. This not only keeps them crumb/gunk free but also keeps them cleaner for longer. Which means less elbow grease when it comes time to do your weekend deep clean.
Empty the dishwasher every morning and fill (and then run) it each night. Keep dishes off of counters and from building up in the sink. The sooner you get it in the machine the easier everything comes together so you can just hit “run” before heading off to bed. By allowing dishes build up throughout the day and then choose to load them we unwittingly create an enormous, daunting task.
Create a tidy way to hang towels after a shower. If you only have two hooks but multiple family members using the same shower it’s time for an upgrade. Hooks along the wall with frames overhead creates a stylish setup. For those lacking wall space, seek out an over-the-door hanger with more breadth to accommodate every family member.
Eat at your dining room table most nights. Life happens and sometimes we just want to kick back with takeout while binging on Netflix after a hard week. However, make this an occasional exception to a rule. Avoid spills, crumbs and piled up dishes throughout the house by keeping meals restricted to a table. This comes with the added bonus of spending quality time with your family catching up on the day's events before getting caught up in your favorite shows.
Use psychology and the senses to your advantage. Pull back the curtains and open the blinds, let in as much light in as you can! It brightens up the room and puts everyone in a great mood. And on that note, light some candles, diffuse oils or spritz some linen smells. Light, fresh scents make us feel like we are in a clean environment… even if you forgot to dust!
A home selling budget may prove to be exceedingly valuable. With this budget in hand, an individual will know approximately how much money that he or she will need to complete the home selling journey.
Now, let's take a look at three expenses to include in a home selling budget.
1. Home Cleaning
If you want to impress buyers, you likely will need to maintain a neat, tidy home interior. As such, you may want to account for cleaning supplies in your house selling budget.
Of course, you may choose to hire a home cleaning company. And in this scenario, you should consider how frequently you want this company to clean your house.
Regardless of whether you choose to purchase cleaning supplies so you can clean your house on your own or hire a home cleaning company, you should shop around. That way, you can evaluate the costs associated with different cleaning supplies and home cleaning companies and make the best-possible decision based on your finances.
2. Home Repairs
Repairing a home may be costly, particularly for those who failed to maintain their residences over time. Yet if you consider the home repairs you need to complete, you can incorporate the costs associated with these repairs into your house selling budget.
It may be beneficial to conduct a house inspection prior to listing your home. Once you receive a house inspection report, you can learn about any underlying home problems. You then can assess the costs to perform assorted home repairs.
For those who want to save money on home repairs, you may be able to complete simple property upgrades on your own. If you are unsure about how to perform various home improvements, however, you should hire a professional. Otherwise, if you try to complete these home improvements on your own, you risk making expensive, time-consuming and dangerous mistakes.
3. Packing and Moving
After you sell your house, you may have only a short amount of time to pack up your belongings and relocate to a new address. Meanwhile, if you account for your potential packing and moving costs, you can ensure that you will have the funds available to cover these expenses when you are ready to relocate.
In some instances, home sellers pick up packing supplies early in the property selling journey. This ensures a seller won't have to worry about rushing to purchase packing supplies as moving day approaches.
You may want to reach out to local moving companies for quotes, too. And when you finally sell your home, you can finalize plans with an affordable, convenient moving company that you have already vetted.
Lastly, selling a house can be challenging, but a real estate agent can help. If you hire a real estate agent, you can receive plenty of assistance as you craft a home selling budget. Perhaps best of all, a real estate agent will do whatever it takes to help you enjoy a fast, profitable house selling experience.