Spring is coming! Upgrade your Mankato home's "Curb Appeal" and make more money!
Spring is coming, and now is the time to give you home's chances of selling a shot in the arm.
A study done recently by the University of Michigan showed that increasing a home's "Curb Appeal" increased home value by anywhere from six to eleven percent! That's huge.
Here's a good way to look at it: Let's say you have home you're thinking of selling, and it's worth $200,000 in today's market. You know the yard and the front of the house could look better, but you never knew it could mean so much to your pocketbook. You call me up, I give you a couple of ideas and the names of good contractors, and you find you'd need to spend $10,000 to get this work done (assuming you don't do any of the work yourself to save even more) and make the home look absolutely tops from the street. (And on the web, where this can be your home's biggest draw.)
Is it worth it? If you just increased your home's value by the six percent minimum, that's in increase in the eventual sales price of $12,000, meaning you picked up $2,000. If you top out at the eleven percent maximum, you gained an extra $22,000 in sales price, netting you an extra $12,000. So if you stand to make $2,000 at worst, and pick up $12,000 at best, why wouldn't you?
And here's another point: if you do nothing, your home may sell quickly or it might not, no matter how much you market it. In this kind of market, it's not unusual for a home owner to have to take a price cut eventually, sometimes for much more than $10,000. Doesn't it make more sense, now that warmer weather is coming, to spend some money now instead of taking a price cut (or two or three) after the home's been on the market for a few months?
You decide to give it a shot: you bite the bullet, but you don't want to go crazy. You decide to spend $7,500. Your home still looks a ton better than it did before, and I capture that in my photos and video of you home (which I put on youTube and link everywhere...). Because of this, even though you increased the list price from $199,900 to $219,900, your home sells within 30 days for $209,000.
You didn't quite make the six percent threshold, but you did clear $1,500 more than you spent on the upgrade, and your Mankato home sold quickly to boot!
I'd say it's worth it. BUT, you need to take advantage of good marketing to make it happen; if Buyers don't see your home, it will have been a waste of time and money. That's where I come in. I make sure Mankato Buyers see your home, and lots of them.
Call today to find out about my extensive web marketing reach. And think about upgrading your home's curb appeal! It can pay off.
Jim Scheller
Nu Star Realty
www.MankatoHomesOnline.com