Seller's Guide
Today, the home that stands out among similarly-priced houses is the home that sells. Why? Because it makes a good first impression that lasts right to the settlement table.
You may not be able to improve the market value of your house with major remodeling projects, but you can improve its marketability. This usually can be done with more elbow grease than hard cash. The key is to put yourself in the buyer’s shoes. In fact, if you drop by some open houses (you may soon be a buyer yourself), you’ll pick up some pointers. Then practice making your house as appealing and uncluttered as the home you wish to buy.
Should I redecorate?
No. It is very difficult to anticipate the tastes of strangers. It is best to stick to fresh paint in very neutral colors and present a sparkling clean house without the redecorating expense.
Is it possible to over improve?
Yes. Your landscaping may be divine. You may have the only cabana and swimming pool in the neighborhood, but it may be difficult to sell a $450,000 home in an area of $420,000 homes. Consult your listing broker to determine if added improvement means added marketability.
Are "fixing up expenses" tax deductible?
Yes. You can reduce your taxable capital gain by “fixing up,” but only under strict guidelines. Check with your tax consultant for details.
Here are some home selling tips think about when you're getting ready to put your house on the market:
- Exterior
- Front Hall
- Kitchen
- Living Room
- Master Bedroom
- Bathrooms
- Recreation Room
- Garage
- Basement
- Attic
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