More Words of Wisdom. Home Ownership

As Realtors, we get this one question asked of us over and over:

Should I update my home?
The typical homeowner response is: When we do decide to sell, the new owners are going to change things anyway.

If you can afford to update your home, do it. Don't go crazy with updates. Save your money, then update within your budget. Why?

One, you will be able to enjoy these updates and feel proud of your home and what you have done.

Two, it will add value to your home. Home values increase due to inflation and supply and demand. If you have a home that looks great, the buyer demand will be higher, and that will generate a higher home price. And, if the supply (homes currently for sale) is low, your homes value will increase even more.

Three, If you choose not to update anything, then do NOT expect a quick sale and do NOT expect to receive the value that an updated home has. The buyer demand for your home will be lower.

Four, If you cannot afford to update and remodel your home, there are other less expensive options you can take to get more value for your home and you can do them yourself.
Improve your curb appeal. Make your homes exterior look "Wow."
Paint the exterior. Keep your grass and bushes trimmed.             Add colorful flowers. Make your home look Sparkling Clean.
Update fixtures one at a time as you can afford it. 
Don't underestimate the power of the first impression, inside & out.

If you make the decision to buy a home, along with the benefits, comes some work. Do this work & it is called, "Pride of Ownership." Take care of your home and you will be rewarded.     

If you do not want to do the work (or pay to have it done), then you probably should consider renting.

We wrote a paper on enhancing your home for impact. If you'd like a copy, just contact us.