5 Home Staging Tips for a Faster Sale
Staging Tips That Help Homes Sell Quickly
Home Staging Tips for a Faster Sale: The numbers don’t lie; often well-staged homes can see faster sales and higher offers than their cluttered counterparts. The key is getting an early start on the process. By beginning the monumental task of clearing the clutter and doing a pre-pack now, you can reduce the stress of preparing for showings and make it easier to move when your home sells.
Try these five staging and organizing tips to help you reach a faster sale.
Purge From Top to Bottom — Do a proper sort and purge, getting rid of outdated clothing, duplicate items and rarely used gadgets. To keep this task from turning into a source of serious frustration, tackle one room (or even one drawer) at a time.
Pack Up Everything but the Essentials — Start pre-packing your home, storing non-essentials or out-of-season gear in the garage or off-site. The idea is to give potential buyers a sense of space, which can’t be done if your home is overloaded with clutter.
Fix Glaring Problems — Remove out-of-style wallpaper, replace broken light fixtures, update cabinet and drawer pulls, and refresh dated window treatments. Simple fixes like these can make your home stand out from the competition.
Depersonalize — Remove family pictures and personal collections, and replace them with neutral artwork and simple accessories. The idea is to give potential buyers a neutral canvas so they can imagine their belongings in your home.
Go for Polished — Research the latest design trends and stage your house to match. Professional staggers recommend tailoring the design style to your target demographic. For example, if you’re in a family neighborhood, style the bedrooms for children, even if none live in your home.
Vacation Home or Investment Property?
Looking for a Second Home? Thinking about buying an investment property for steady cash flow? Want a vacation home for your family or a temporary home for your college-bound son or daughter? There are a few things you should consider before making the investment:
Local Market — Both the local resale and rental markets are important factors. Are home prices on the rise, increasing the possibility of a profitable sale in the future? Is the rental market tight, causing average rent prices to go up? You’ll want your rental income to be able to cover mortgage costs, taxes and expenses.
Maintenance — When calculating costs, include routine maintenance and potential repairs. If purchasing a property to rent out, note any requirements and safety obligations for your area. If you’re not the handy type or your desired property is far from your primary residence, consider hiring a property management company to handle ongoing maintenance concerns.
Costs of a Second Home
Insurance Costs — Find out if you need additional disaster coverage such as flood or earthquake insurance. In general expect to pay higher insurance costs, especially if you plan on renting out the property.
Financing — Plan on being subjected to more scrutiny than you were on your primary residence. Banks often require a higher down payment on second homes, and interest rates may be higher as well.
Tax Implications — Make sure you understand the tax implications of owning a second property. If you plan on renting it out, you’ll need to report the rental payments as income. On the other hand, operating expenses, such as insurance, utilities and repairs, may be considered deductions. We buy ugly houses in Grand Prairie Tx.
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