Due to the new concepts in interior design psychology, home sellers are netting more money in today’s competitive real estate market. This means it is well worth your time planning the changes you will make in order to sell your home for the highest price.
While keeping your target market and budget in mind, develop a general design plan. Supply and demand will really determine your overall design plan. In your area, how many houses are currently up for sale? Per week, how many of those houses sell? Is the weather of the selling season cold, warm, or hot? Is the market favoring buyers or sellers? If the market is quick moving and buyers are lining up to put offers for homes in your area, you can do less. It doesn’t matter what your answers are to the previous questions, you still need to make sure and do a few things so that your home stands out amongst the competition.
Make sure that you know your target buyers. Take into consideration your neighborhood and the buyers who are purchasing homes close to yours. Find out whether they are buying their very first home, or whether they are moving up. Due to the fact that the psychological needs of these two types of buyers vary considerably, this will play an important part in your marketing and design plan. First time homebuyers usually wish to control their own environment by owning, rather than renting. Their psychological needs often include such things as safety and security, a sense of connection, comfort, and self-control. Finding a larger home with more amenities for their comfort, self-esteem, and feelings of prestige are usually the psychological needs of buyers who are upgrading.
You want to make a difference in your sales price, so only purchase items that will make a difference. The best investment you can make as far as repairs go is fresh paint. Also, new kitchen appliances, upgraded bathroom features, and new lighting fixtures will give you a good return for your money spent. Sometimes, employing professionals to help will be worth the added expense. It will be cheaper for you to hire professional painters than day laborers because they are able to work much faster. Tile installers, carpet layers, and electricians will also be a better bet than day laborers because they are very good at their trades.
Picking the perfect colors to paint your home will also make a huge difference in your paycheck at closing. Take a peek at houses near yours and choose your colors accordingly. Make sure you keep in mind that colors look darker on large exterior expanses than they do on the little paint chips at the store. Best wishes on the sale of your home.