When buying a new place, most people look for a home that they can move into right after signing the contract. However, there are also many people who aren’t discouraged by properties that need some work done before being suitable for a comfortable life. Selling a fixer-upper is not as difficult as some people might think – if you know how to do it right. So, to help you get a good deal on your property even though it’s not perfect, here are a few essential steps you should follow.
Decide what to do with it
First things first, you need to determine whether it’s better to sell your property as it is or invest a bit into renovating it first. Hire a professional to help you assess your property, and take into account all the necessary repairs. Once you have a good idea of how much work your property would require, you can decide whether you want to renovate it first or sell it as it is. Regardless of what you decide to do, potential buyers would still appreciate knowing all the details about the property, as being honest about the state of your property is guaranteed to put you in a good position.
Know your audience
When selling a home that needs some remodeling, you should be aware of your audience. Most of the people interested in it will probably be either budget-buyers or those who care about the location more than anything else. However, you might also draw the attention of investors and those who are in the house flipping business. In this case, you need to be prepared for low offers and negotiations. In short, people will be focusing on potential rather than perfection – and this potential is what you need to keep in mind when pricing your property too. If you don’t have much experience in this field, it’s also a good idea to hire professionals. For example, if you’re from Australia, Orange real estate experts could help you with all the details that come with selling your property.
Boost the curb appeal
Real estate is one of those business fields in which people will judge a book by its cover. This is why you want the cover of your book to look the best it can. In other words, you should boost your property’s curb appeal by doing some landscaping. This doesn’t mean you have to break the bank on it, though. Mowing the grass, clearing the weeds, and planting a few shrubs and flowers here and there can do wonders for your property’s exterior. Moreover, some cheaper remodeling projects you could do are repainting your exterior walls, fixing the fence if you have it, and changing the front door. It’s all about making a good first impression, and doing so does not have to cost a fortune. Plus, research has shown that improving your curb appeal can boost the value of your property by more than 10%, so spending a day or two fixing your property’s appearance would definitely be worth it.
Clear the clutter
Regardless of whether your property is minimalistic, antique, or barely furnished, one thing it should not be is cluttered and dirty. It’s one of those things that potential buyers would notice straight away, and it could discourage them from making you an offer. So, make sure your home is thoroughly cleaned before putting it on the market.
Emphasize your home’s best features
Even though your home needs some remodeling, it surely has some positive features too. For example, having a lot of storage space can be a huge plus, as you can never really have too much of it. Similarly, things that are harder to change or add, like a huge fireplace, patio, home office, big windows, open floor plan, etc., are features that you should emphasize. Neighborhood features, like parks and good schools, are important as well. In short, it’s important to market your home correctly, as it would encourage potential buyers to think about all the things they are getting right away rather than focusing on the renovation alone.
Price it right
Finally, you have to price your home right in order to sell it. When setting the price, keep in mind that you’re not supposed to try to make it look perfect. So, hire a professional real estate agent, and figure out the actual price of your property. As mentioned, you should take into consideration the additional work that would be necessary before moving in as well as all the changes you’d do to boost its curb appeal. By being honest about what you’ve done and what still needs to be done, you’re more likely to sell it sooner.
Selling a fixer-upper doesn’t have to be difficult. On the contrary, by following the listed steps and hiring professionals to help you, your property will find its new owners in no time.