If you're planning to sell this year, you're probably wondering what you need to do to get your house ready to attract the most buyers. It's crucial to work with a reliable real estate professional who knows the local market to prepare your home for sale. However, there are a few things you should consider when deciding what to keep and what to update before you advertise this season. Here are three things to keep in mind when making your list of projects to tackle this year.

1. The number of houses for sale is very low 

The stock is far below what is normally considered a balanced market. In fact, according to National Association of Realtors ( National Association of Realtors - NAR), the latest data indicates that the stock is hitting an all-time low. As there is a limited supply of homes available for sale, you are in a unique position when selling your home, against a backdrop of many offers and a fast process.

But you want to do this while buyers are still snapping up houses as fast as they're being listed. Spending time and money on renovations before selling could mean you miss your main window of opportunity. Of course, certain repairs may be important or even necessary. The best way to determine where to spend your time and money is to work with a real estate consultant to confirm which improvements are really necessary and which are unlikely to be decisive for buyers.

2. Buyers may be willing to take on projects when they buy their home

Today, many buyers are more willing to take on home improvement projects to get the home they're looking for, even if it means putting in a bit of extra work. A recent research of Freddie Mac discovered that:

". . . nearly two out of five potential buyers have considered buying a house requiring renovations."

If more buyers are willing to do the repairs themselves, it may be wise to let the future owners remodel the bathroom or kitchen to make design decisions that are best for their specific taste and lifestyle. Depending on the structural condition of your home, your efforts may be better spent working on minor cosmetic updates, such as refreshing some paint and power washing the exterior to make sure the house stands out. Rather than investing too much in upgrades that the buyer may change anyway, work with a real estate professional to determine the major projects to tackle that will give you the greatest return on your investment.

3. Your agent will help you highlight the updates you've made

Last year, many people made a significant number of upgrades to their homes. The most recent report from the State of Home Spending he concludes:

"Spending on home improvements increased 25% year on year to US$ 10,341. Homeowners who invested in home improvement did an average of 3.7 projects, up from 2.7 in 2020..."

With more homeowners taking on more projects in the last 12 months, there's a good chance you've already made updates to your home that could attract buyers. If this is the case, your real estate consultant will find ways to highlight these updates in your ad.

The same goes for any project you invest in for the future. No matter what, before you renovate, contact a local real estate professional for expert advice on the work that needs to be done and how to make it as attractive as possible to future buyers. Every house is different, so a chat with your agent is essential to ensure you make the right moves when selling this season.

SUMMARY

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Any doubts?

Now that you know it might be a good time to sell your house, we can help you understand the behavior of the real estate market and take advantage of the high demand in the real estate market. To make the most of all the tips we've given you and go even deeper, you can talk directly to our relationship agents. They are always happy to talk to you to answer any questions you may have about investing in Florida.

In this article we talk about some tips for selling a property. If you want to read more content like what we've covered in this article, just stay tuned here on our blog.

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