LBI Real Estate Weekly Sales Update 09/12/2021-09/19/2021Long Beach Island Real EstateLBI Real Estate Weekly Sales Update 09/12/2021-09/19/2021: Activity saw a major increase this week
Five Mistakes That Kill Your Homes Value
Dated: September 30 2019
1. Ignoring Curb Appeal
You shouldn’t host an open house or snap your listing photos before addressing your landscape. If your yard doesn’t cut it, buyers may reject your property from their cars or from behind their screens. And a recent Zillow survey found that curb appeal is one of the top five factors in resale.
2. Avoiding Bathroom Problems
An outdated bathroom is a big faux-pas, but it’s bathtubs and the number of bathrooms that have the most influence right now. Realtor.com reports that 75 percent of buyers want and expect homes with two bathrooms or more. This leaves one-bathroom homes with a limited buyer pool.
And where tubs have been nixed for showers, the pool is further limited. People tend to want at least one bathtub. It’s not just about being able to relax, what about children? Have you tried to shower a baby? Bathtubs help resale a lot.
3. Echoing Another Era
You may think your old-fashioned home has character, but buyers may see that character as a future expense. Old features are terribly unappealing. In our competitive market nationwide, buyers are coming up with more money than they might’ve wanted to, and they don’t want to sink money into a home. They want to move right in.
Features to update include: outdated and busy wallpaper, popcorn ceilings, all-over carpet, wood paneling and flooring with old-school patterns. If you can remove wallpaper before you sell your home, please do. You’ll make thousands more.
4. Masking Dirty Truths
Two aspects of your home that are practically invisible but greatly influential are pests and odors. Odors can ruin a home showing immediately. It’s hard to imagine moving into your dream home that smells of dog or cat. The worst smell for most buyers is smoke. It gets in the drywall and carpets and can be really hard to remove.
And if you have pests, federal law requires full disclosure to potential buyers. It’s worth your time to handle the infestation before resale.
5. Leaving a To-do List
Leaving repairs and cosmetic work to buyers can be a big mistake. Most buyers want a move-in ready home, even in our fast-paced market. If you touch up the paint, clean thoroughly, and get rid of stained or smelly carpets, you’ll make thousands more for hundreds of dollars and some work.
Look at your property through the eyes of a home inspector: Damaged tile, beat up cabinets, stained sinks and leaks won’t pass. And they’ll hurt your resale value.
ABR, CRS, E-Pro, RSPS, SFR, SRES Jim is a “Jersey boy” originally from north Jersey in the Totowa, Little Falls area. He made the move to Stafford about 32 years ago, after finding the perfect....
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