Are you planning to sell this year? Are you thinking about what you might need to do to get your house ready to appeal to the most buyers? Here are a few things that you should consider when deciding to renovate and update before listing this year.

1. The number of homes for sale is very low.

According to the National Association of Realtors, the latest data shows that housing inventory is hitting an all-time low.

Because of limited supply of homes available for sale, sellers like you may benefit from:

• multiple offers
• quick process

Consider listing while buyers are still scooping homes up as fast as they are being listed. Spending time and money on renovations before you sell could mean missing the window of opportunity.

“But… aren’t certain repairs necessary?“

Yes! It is important to determine where to spend your time and your money, which improvements are truly needed, and which ones are not likely to be deal-breakers for buyers.

2. Buyers may be willing to take on projects when they purchase your house.

According to a recent Freddie Mac survey, nearly two-in-five potential homebuyers would consider purchasing a home requiring renovations.

It may be wise to let the future homeowners remodel the bathroom or the kitchen to fit their personal taste and lifestyle.

Your efforts maybe better spent on small cosmetic updates such as:

• refreshing some interior paint
• power washing the exterior

3. Spotlight the upgrades that you have already made.

There’s a good chance that you have already made updates to your home that could appeal to buyers. Find ways to highlight those upgrades in your listing.

As a real estate professional, I can help you. Click below to fill out a seller’s contact form.