In a market that is shifting as fast as it is today, many Lake Nacimiento homeowners wonder what, if anything, needs to be renovated before they sell their Lake Nacimiento home. That’s where a local Lake Nacimiento real estate agent comes in. Oak Shores Real Estate can help you think through today’s market conditions and how they impact what you should – and shouldn’t – do before selling your house.
Here are some considerations we will guide you through:
What You Need to Know About Your Local Market
Since the supply of homes for sale has increased so much this year, today’s buyers have more options than they had last year. That may mean you’re not able to ignore some of those repairs or cosmetic updates you could have skipped in previous months. As a recent article from realtor.com says:
“To stand out in the market, sellers should make their home attractive to buyers, which usually means some selective updates.”
The key word here is selective. Since it’s still a sellers’ market, focusing on a few key areas may be enough to make your house stand out from other options. And since inventory is still low overall, it’s also possible buyers may be willing to handle the renovations themselves once they move in.
Not All Renovation Projects Are Equal
In addition to making sure your house makes a good first impression, you’ll also want to consider the return on your investment (ROI) for any renovations. According to the 2022 Remodeling Impact Report from the National Association of Realtors (NAR), here are the projects that could net you the best return when you sell your house (see visual below):
Again, Oak Shores Realty is your best resource. We can offer any insight into what you may need to repair, replace, or refinish. We also know what other sellers are doing before listing their homes and how buyers are reacting to those upgrades to help steer you in the right direction.
As Dr. Jessica Lautz, Vice President of Demographics and Behavioral Insights for NAR, explains:
“This year, the winner was hardwood flooring. Hardwood floor refinishing and putting in new wood flooring had the most significant value, . . .”
How To Draw Buyer Attention to the Upgrades You’ve Made
For any projects you’ve already completed or for those you plan to do before listing, make sure to let your prospective real estate professional know. We are skilled at highlighting any upgrades in your listing and letting potential buyers know about the features that may help sell them on the house.
In today’s shifting market, it’s important to spend your time and money wisely when you’re getting ready to move. Give our Oak Shores Realty team a call today! Let’s discuss your goals, your timeline, and a plan of action, to make those goals a reality as soon as possible.
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty