What should I do to the interior of my property, before I list it
for sale?
- Wash walls, ceilings,
and trim. Consider painting with light, neutral colours. Repair
cracks.
- Tighten loose knobs,
towel racks, switch plates, and outlet covers.
- Fix tight doors and
windows, squeaky floorboards, and loose stair banisters.
- Clean and repair
caulking around tubs and sinks. Fix leaky faucets; remove water
stains.
- Clean and organize
the basement and attic. (This is a good opportunity to throw out
all the bits and pieces you don't want to move.)
- Organize closets.
Get rid of the clutter. Limit the number of items stored overhead
or on the floor.
- Clean out kitchen
cabinets, and remove clutter from countertops.
- Clean drapes, blinds,
and curtains. Shampoo carpets, and wax floors.
- Arrange furniture
to make rooms appear as spacious as possible.
- Remove any items
you're taking with you, such as chandeliers and mirrors.
The top renovations that
get you the most money* are: Bathrooms (75 to 100% return),
Kitchens (75 to 100% return) and Interior and exterior painting
(50 to 100% return) - *Appraisal
Institute of Canada's 2004 Home Renovation Survey
- Replacing roof shingles (50 to
80%)
- Replacing the furnace and heating
system (50 to 80%)
- Renovating the basement (50 to
75%)
- Adding a recreation room (50 to
75%)
- Installing a fire place (50 to
75%)
- Up-grading floors (50 to 75%)
- Building a garage (50 to 75%)
- Replacing windows and doors (50
to 75%)
- Building a deck (50 to 75%)
- Installing central air conditioning
(25 to 75%)
First impressions really
do count.
- Cut the lawn.
- Cut and trim the shrubs.
- Remove dead tree limbs and other
yard debris.
- Brighten up the garden with fresh
shrubs and flowers.
- Get rid of the clutter. Put away
toys and gardening equipment.
- Touch up peeling paint on doors,
siding, and trim.
- Repair and paint the fence.
- Fix damaged roof shingles and
flashing.
- Clean windows, replace broken
panes, and fix torn screens.
- Clean gutters and downspouts.
- Wash the driveway and sidewalk.
Patch cracks or holes.
- Clean up the garage and shed.
- Have the gas grill ready for use.
- Make sure outside lights and doorbells
work.
How is the market value of
my property determined?
- The market sets the price. Lynne
will help you set a realistic price to match market conditions.
- Lynne can give you a comparative
market analysis based on similar homes in your area. It will show
current listings, recent sales, and expired listings (a good thing
to check because these houses are usually either overpriced or
poorly marketed).
- Lynne will help you develop a
competitive price based on:
Location, Size, Style, Condition, Community Amenities, Financing.
- Remember: The market determines
price. Avoid the urge to price your home based on considerations
that do not affect its market value. For example, the following
do not affect the market value for your property: · How
much you need to purchase your next home, How much you paid, How
much you spent on improvements, The value of a similar home in
a different community, The cost to build the same home today,
Your personal attachment
to your home (Yes, it's your house and you're proud of it, but
this makes no difference to potential buyers
IMPORTANCE OF PRICING
Why is listing my property at market
value so important? A realistic
competitive price means: Your
property will sell faster. People don't bother looking at over-priced
homes.
- Your home doesn't lose its "marketability."
- Offers are higher when a property
is closer to market value.
- A well-priced property can generate
competing offers.
Realtors will be more willing to
present your property to buyers (and be more enthusiastic when they
do so).
SHOWING YOUR HOME
How should I prepare for showings and open houses? Your house should
be ready to show at all times. Make sure it is kept clean and clutter-free.
And, those last minute touches before someone comes to look at your
home can make all the difference:
- Turn on all the lights, even
during the daytime, including outside entrance, closet, basement,
and attic lights. Open all the drapes and blinds.
- Turn off the television, stereo,
and radio (easy listening music is OK).
- On cold days, light a fire. If
not in season, make sure the fireplace is clean.
- Put pets in a fenced yard. Better
still, ask friends to look after them. Some people may be allergic,
others may be afraid of animals. Clear any pet odors.
- Clean the kitchen and bathrooms.
Leave windows and mirrors sparkling. Set
out fresh flowers, hang decorative hand towels in the bathroom,
and place an attractive tablecloth on the dining room table.
- If possible, leave! Some buyers
are uncomfortable when the owner is in the house. In their hurry
to get away, they may miss important features, or fail to ask
important questions. If you must remain, be courteous, but try
not to make conversation.
How can I prepare my property
for listing?
- Look at your home with the eyes
of a potential buyer. What's your first impression? What needs
to be cleaned, painted, repaired, or tossed out to make your house
as attractive as possible?
A small investment in repairs, decoration, and organization can
add thousands of dollars to your property value.
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