|
Hey Taylor
- My husband and I are thinking about selling our house this summer.
If we decide to pull the trigger, any advice on how to prepare our
property for potential buyers? - Marjorie
Hey Marjorie - There are so many ways to prepare for selling
a house, but a lot of the details will hopefully be handled by a
realtor. As far as getting the house ready to go, there are a few
things you should think about and get to work on.
|
1. Fix
the obvious issues. Your house probably has minor defects
that you started ignoring years ago. While those are insignificant
to you, people looking to buy a new house are going to inspect
every detail and try to find any reason to knock the price down.
If you have doors that stick or windows that don't close all the
way, those repairs are definitely worth making ahead of time.
Spend on fixing things now so you can get more money from the
actual sale. Even though you're about to stop living there, your
house is still an investment.
2. Move past the nostalgia. One of the biggest issues for
people selling their homes is letting go of the history they share
with that location. You may have lived in that house through a
marriage and some wonderful family-building years, and those memories
are special and important. However, your past doesn't factor into
a prospective homebuyer's future. There might be rooms you want
to leave a certain way because it reminds you of returning from
the hospital with a newborn, but you have to remember you're leaving
this house. Those memories will live on, but they don't need to
be preserved in a home you're trying to sell. Try to take a business-minded
approach to your sale, preparing the house for strangers who aren't
interested in the home's past, but rather what it can offer in
the future.
3. Do some landscaping. Even if the inside is immaculate,
the front yard and driveway and entrance are the first things
people will see. Don't expect them to ignore an unkempt garden
or a carport that really needs to be repaved. It's easy to get
caught up in the general value of a property and the size of a
lot, but you can't overlook the superficial elements that drive
the sticker price. Do your best to make the interior and exterior
as presentable as possible.
|
With a little
bit of effort, you can maximize your returns and feel great about
the wealth your home generates. Keep your eyes on the future while
holding your memories dear and everything will work out. Good luck,
Marjorie!
© Taylor Kovar
June 1, 2018
More "Go Far With Kovar"
Disclosure: Information presented is for educational
purposes only and is not an offer or solicitation for the sale or
purchase of any specific securities, investments, or investment strategies.
Investments involve risk and, unless otherwise stated, are not guaranteed.
Be sure to first consult with a qualified financial adviser and/or
tax professional before implementing any strategy discussed herein.
Past performance is not indicative of future performance. To submit
a question to be answered in this column, please send it via email
to Question@TaylorKovar.com,
or via regular mail to Lessons on Wealth, 106 E Lufkin Ave., Lufkin,
TX 75901. |
|
|