The decision to list your home for resale is a big one. No doubt it
came about after much thought, weighing pros and cons, and series of
long discussions. However, once you decide to put your home on the
market, get ready for the next big discussion: interior design.
Many times sellers assume that interior design is a waste. If you are
look to get as much money as possible out of your home, why would you
put money back into it just to make look prettier for the new owners?
While this line of thinking seems reasonable at first, listing a home
without at least tweaking the interior design can seriously harm your
chances of finding a buyer and lower your final profit. Read on to find
out why interior design is essential when listing your home.
The first step toward putting any home up for sale is marketing it.
When potential buyers look for a home, they are sent listings via email.
Each property listing includes a short bio of the home, figures about
how many bedrooms/bathrooms/square feet, etc, and some photos. Based on
this information, the buyers decide which homes they would like to see.
Since buyers often look at multiple listings at once, it’s critical
that you make your property stand out in the crowd – and that’s where
interior design comes into play.
There are often lots of homes with similar in terms of square footage
and number of bedrooms, so the choice to view one home over another
comes down to the photos. Given the choice of two like properties, would
choose the one that has newer appliances and a cohesive design or the
one that looks like it hasn’t been updated in over a decade?
At the end of the day, interior design helps bring traffic to your
property. The greater the number of people that view your home, the more
likely it is that someone will submit an offer to purchase. Why not use
interior design to give you that extra edge?
After all the years spent living in your home, you undoubtedly have a
pretty solid idea of how to use the space. For instance, you may know
that your kitchen table will comfortably seat four, but for anything
bigger you need to use the dining room. Or, that your spare bedroom is
the perfect spot for a home office.
Potential buyers want you to share that knowledge. When they look at a
home during a showing, they are looking for visual clues on how to use
the space most effectively. If they aren’t clues, that confusion can
cause them to look toward another property. Use interior design to make
sure they get a clear picture.
When working on your interior design for resale. Make sure to give
every room a specific purpose. Leave only the furniture, appliances, and
accessories needed to communicate that purpose in the room and get rid
of any clutter.
Yes, since your home has been previously owned, potential buyers
should walk in expecting to see a certain amount of wear and tear. If
they are opposed to that, they should be looking exclusively at new
construction. That said, taking the time to spruce things up may
generate more offers.
Think about if you were to buy a used car. Before you drive it off
the lot, you’d expect the dealership to have washed and buffed the
exterior, vacuumed out the inside, and even taken the time to spray some
of that infamous “new car smell”. And, rightly so. You wouldn’t want to
purchase a car that was full of someone else’s food crumbs and muddy
footprints, would you?
Revamping the interior design in your home works in much the same
way. Though you are still leaving the bones of the house intact, a new
coat of paint or some fresh carpeting will leave the home feeling fresh
and new, which will leave buyers feeling better about the final product
they’ll receive for the (considerably large) amount of money they’re
about to spend. That comfort level could generate more offers.
There’s no dying that selling a house is about money. As a seller,
it’s only natural that you would want the biggest return possible on
your home’s resale. Believe it or not, putting some money into interior
design now can help you get a bigger purchase price later.
When a real estate agent determines the correct list price for your
home, he or she looks at the features that your home has to offer and
then compares those features to similar homes that are currently on the
market or have been sold recently. Some of these features include:
location, square footage, and interior design.
There’s nothing you can do to improve the first two factors. If your
lot is near a major road it will always sell for less than a similar
property in a quiet neighborhood. Same for a property with tiny rooms
compared to a home with spacious ones. But, the interior design is well
within your control.
Factors such as kitchen upgrades, bathroom remodels, and whether or
not you have a finished basement are taken into account when deciding to
list one property higher than another. They are also a consideration
when the buyers decide how much to offer. Sloppy design is more likely
to generate a low-ball offer than one where pulled together interior
lends credence to value
The right interior design investment now may pay off big later.
It’s easy to understand why the debate on whether to refresh your
interior design for resale can be a fierce one. While it may seem silly
to invest money into a property that you intend to sell, the benefits
far outweigh the initial payout. With an increase of traffic, buyer
appeal, and value, it’s easy to see why interior design is essential
when listing your home. Use this as a springboard to help you get
started.
What’s your favorite interior design tip? We’d love to know what helps influence your home.
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