Preparing your home to sell

Preparing your home to sell in Hawaii, Maui or Oahu?

WANT TO KNOW WHICH HOME IMPROVEMENTS GIVE THE BEST PAYBACK?

If you’re thinking about remodeling your kitchen, or finishing your backyard, you probably want to get your investment back when you sell your home. But when it comes to payback value of home improvements, some are definitely more profitable than others. As a general rule, kitchen and bathroom projects usually get a higher return on investment, typically 90% or more. Things like adding rooms or finishing basements tend to pay back the least. Finishing a basement usually returns less than 50%, so it’s not a project likely to show profit at selling time.

There are a number of factors that go into determining how well a project will pay back. Payback value depends a lot on the current market conditions in your area. If the market is hot and homes are selling fast, you can expect a higher payback value than you would get in a slow market.

THE LIST BELOW IS COMPILED FROM SEVERAL PUBLISHED SURVEYS AND SHOWS TYPICAL PAYBACK FOR SOME POPULAR REMODELING PROJECTS:

KITCHEN REMODELING
90%
REMODELING A BATHROOM
90%
ADDING A BATHROOM
80%
INSTALLING CENTRAL AIR
75%
REPLACING WINDOWS
70%
ADDING A ROOM
55%
BUILDING A POOL
45%

The type of project you do and how it fits in with other homes in the area here in Hawaii can have a big influence on payback too. If you put your money into the wrong type of improvement, you won’t get your money back. But if you’re smart about what you do, you can make money. The payback will be better on improvements that are in demand and conform to neighborhood standards.

Adding a second bathroom in a neighborhood where most homes have two bathrooms will give a high return on investment. Building a large addition that makes your home twice as big as the other homes on the block probably won’t pay back very well. Likewise, the popularity of a project will factor into how much it pays back. An improvement heavily customized to your wants and needs won’t pay back as well as something more common to other homes in the neighborhood.

Another factor to consider is the cost of the improvements. If you can do the work yourself, you can save significantly on the cost of the project and greatly improve the chances of getting a good return on the investment.

FIND OUT HOW MUCH YOUR HOME IS REALLY WORTH!

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OR CONNECT WITH US BY CALLING 808-242-9244

Easy Tips to prepare your home to sell, and sell for more, faster.

By using some simple tips and techniques, and some simple strategies that can greatly increase your chances of selling for more, or quicker.

How’s your Curb Appeal?

  • Paint the front door and anywhere else that needs it
  • Remove Clutter – Have a garage sale and donate or haul away what’s leftover.
  • Repair visible damage
  • Tidy-up your landscaping and remove any eye-sores.
  • Sweep the front steps and entryway.
  • Be aware of the curb appeal of the homes in your neighborhood.
  • Be aware of which days of the week, the neighborhood has less desirable appearances (example: trash pickup day)

Interior

  • Get rid of clutter or “collections”, and in hiding spots! People will look behind your doors, in closets and crawl spaces. Throw away dead plants.
  • Correct any cosmetic flaws.
  • Re-grout tile walls and floors.
  • Replace dated faucets, light fixtures, and the handles and knobs on your kitchen cabinets.
  • Pack anything you won’t use between now and moving day. Store the boxes away from high traffic areas.
  • Deep Clean Carpets or replace worn out carpet. Clean surface floors to a shine.
  • Be sure to Stage your home to Sell. This is a proven technique which will sell your home faster and bring in more money for your home.
  • Don’t start any major renovations during the middle of selling your home. What may seem like a simple home project could turn into a nightmare. And potential buyers will be turned off by the utter chaos your home may seem to be in at that moment.

SellSellSell!

  • Garage Sale, yard sale, whatever… Sell it.
  • Get rid of those antiques and collectibles that are packed away.
  • Find a new home for those clothes, bikes and toys the kids have long outgrown.
  • Participate in your neighborhood’s annual garage sale.
  • You’d be surprised how much cash you can make selling your stuff

Brighten the environment

  • Clean the windows and other glass.
  • Paint rooms that need it.
  • Polish fixtures.
  • While selling, switch low watt bulbs to high watt and turn on all lights even for daytime showings.
  • Keep kitchen sparkling. Keep counters clutter-free.

Don’t move completely out

  • Statistics show that vacant homes are harder to sell. They lack warmth and are un-inviting.
  • You’re sending the message to the buyer that you have another home (and probably mortgage) and are motivated to sell fast. This gives the buyer an advantage at the negotiating table.
  • On the other hand, too many furniture pieces can look cluttered and make rooms appear smaller. So find that happy medium that looks pleasing.
  • Find a happy medium that looks pleasing such as Staging your home.

Avoid Controversy

  • Take the deer heads and “unique” items off the walls.
  • Do you have books, magazines or artwork that may be considered controversial or provocative to others? These things can turn off buyers and send them out the door.

FIND OUT HOW MUCH YOUR HOME IS REALLY WORTH!

Click Here

OR CONNECT WITH US BY CALLING 808-242-9244