It’s fairly easy to read a prospects interest in a home just by their facial expressions and body language. That’s the emotional aspect of buying a home. It’s the wow factor that catches the eye of the buyer. Home buyers are choosing homes that are better maintained and need less deferred maintenance down the line. When you consider 39% of the average americans wealth has disappeared in just the last three years, it’s understandable that home buyers would be apprehensive about buying any home in disrepair. A new roof could cost $10,000 or more. Remodeling a kitchen and bathrooms could easily run that amount or more.
Location has always been the defining factor for the majority of home buyers. A quiet cul-de-sac near shopping and other desirable amenities is idyllic, but property condition has almost over taken location in stature. Consumers intent on buying a home can handle the minor nuisances as long as the property is not in a debilitating state. Many buyers are still using loans such as FHA that require little down payment. Some of these mortgages can have repairs built into the loan such as the 203K, which eliminates the necessity of dealing with deferred maintenance.
With the cost of everything rising from food, gas through college tuition, families are now looking for ways to conserve at home. For those homeowners that are considering selling in the future and are contemplating the best money-saving improvements to make that will attract the eye of the buyer. Look first at energy conservation. Dual pane windows certainly fits in that category and the cosmetic look adds to the attractiveness. A tankless water heater is another feature that will catch the buyers eye and help keep their hard-earned money in their pocket. Make sure there’s sufficient insulation is another low-cost feature that can cut down on our high energy bills.
Today’s economy prevents most families from making those major improvements like new Central H/A or adding an expensive Solar system. A high-grade coat of paint can do wonders for a homes appeal. You can eliminate the labor expense by painting yourself, for no more than the cost of the paint. If you have a two-story property, maybe do the interior and hire a paint crew for the more difficult exterior. Replacing appliances adds luster to a kitchen and those dated cabinets can be brought back to life by refinishing and staining. Replacing bathroom sinks and toilets are not expensive, but will make the bathroom more captivating to the buyer. There’s an endless array of small improvements that can make a huge difference in the bottom line. Please visit my website www.JohnnyBrooksHomes.com for helpful tips on buying or selling a home and easy access to view local area homes for sale including pre foreclosures in Davis, California and the surrounding communities.