When you are looking at comps, observe the difference in price that homes sell for that have similar features. If the features, including square feet, bedrooms, baths, etc. are similar but one sells for more than another, take a closer look. Does the one that sold for less have blemishes, broken sprinklers, and roof tiles missing?
Every little detail actually matters to buyers. If they plan to buy your house to live in, they will want it to look nice from the day they move in, or they will expect a lower price as they will need to fix things up. It is a fact that fixing some of these things yourself before you even put the house up for sale will get you a better price. Wait until you have fixed the blemishes before you study your comps in the area.
The things that can lower a home’s perceived value include outdoor landscaping, the bathroom, the kitchen, and flooring to name a few. Outdoors, trim up the brush, get a few inexpensive flowers at the local big box store and plant them, and tidy up the sidewalk leading to the house. Paint the front door if necessary.
Inside, items that can reduce the perceived value include moldy or calcified bathroom fixtures, broken or shabby curtains or other window coverings, and a chipped or cracked bathtub. These things are very easy and rather inexpensive to fix. The floors should be given a good look. Replace any cracked or faded linoleum with stick on floor tiles or new linoleum. Faded or stained carpet can be taken up and replaced by new flooring but it doesn’t need to be costly. If the room is small look for remnant and custom ordered carpet that the customer didn’t pick up. You can often buy this for a huge discount.
Fix up a bit and make the house look like you really cared about it while you lived there. People like to buy homes that look like they’ve been cared for. The value will be in the eye of the buyer along with appropriate comps in the area.
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http://www.SCHomeBuyers.net is a Real Estate Investor that buys houses in the Charleston SC area. If you have a home that you need to sell, contact us to see how we can buy your houses in 7 days or less and close when you want!