On the Outer Banks, market preparation can look different, than in other areas or types of homes. Once you have determined you want to sell your home, the next steps outlined in this blog are essential in ensuring you get the biggest bang for your buck!
Preparing your home for the market
Market preparation is not just signing with a selling agent. There are important steps sellers should take. These steps will increase a seller’s return on their investment. Two to highlight are home renovations and home staging.
Home renovations can be minor and cosmetic. Spending a little bit of time and money can lead to more dollars in your pocket. Before the pandemic, most Realtors would be less concerned about sellers making renovations, as they would not get a good return on investment. But, nowadays buyers do not want to buy an outdated home. That’s because it is harder to get contractors to update things and most buyers don’t want to spend the time, money, and energy necessary to update. Updated homes now sell quicker and for significantly more money than homes with few updates. Our recommendation is to not wait till you want to sell to make those updates and renovations. Make little renovations over time and enjoy them along the way.
According to the National Association of Realtors (NRA), the highest value increase to the home for resale is- Complete Kitchen Renovation, Kitchen Upgrades, HVAC Replacement, bathroom upgrades, a second family room, new roofing, and new windows. Based on that information, think about little aspects of your home that are low cost and fit in these categories that would help increase your potential offer.
Here you can see a more comprehensive checklist on our website for preparing your home for the market.
Home furnishing and Staging
Most buyers looking to purchase in the Outer Banks market expect to see a home furnished and staged. Potential buyers want to be able to see themselves, their families, and potential renters in the home. As you get your home ready for the market, go through your home and think about whether or not others could envision themselves eating at your table or sitting on your couch. Also, determine right away if you will want to sell your home furnished or not. Scott Team Realty agents are with buyers all the time and know what they are looking for. We’d be happy to make some staging recommendations and help find someone to help you stage if necessary.
What is my home’s market value?
There are many factors that go into your home’s market value. Important factors in your home’s market value are:
-Tax Assessment Information
–Other competitive homes on the market
-Home summary of information
Other important aspects are documenting the current home properly, including writing the subject property description and taking photos of the home in the proper light
Our team is able to use all of that information and give you a breakdown at a listing price, and potential offer range. Please follow this link for a free Comparative Market Analysis on your Outer Banks property. Then, our highly skilled team will be in touch with you soon!