If you’re trying to sell a house, regardless of the state of the economy, you’d always get a bunch of wisecracks telling you that it’s not a “seller’s market”, how the economy is down the drain and how you should keep your expectations low.
You are unlikely to get much useful advice: instead you’re likely to be buried under piles of pessimistic drivel.
I also have a bit of advice for you. Do not listen to them.
The second most important bit of advice I have for you, if you’re planning on selling the house, is to revamp it. This means making upgrades, renovations and repairs which will allow you to effectively compete in the saturated market and get the best price possible.
There really is no way around this: you have to spend money to make money. Being tightfisted at this crucial juncture will only hurt you later on.
One of the most important and somehow the most commonly neglected aspect of this revamping process, is painting the house. Giving your house an exterior and interior makeover is most important in attracting prospective buyers and sealing a good deal.
Research shows that it can increase the value of the house by up to 5%. This may not always be the case but even 1% is more than enough incentive as it would clearly make up for the money you spent and then some.
Exterior paint
If you have money to spend, you could always employ vinyl sidings for the exterior of your home. However, it is cheaper to have the house painted and therefore is the best option if you’re going to sell it.
Vinyl sidings would serve you better if you are intending to live there yourself but as far as selling goes, they have relatively the same effect on prospective buyers as a fresh paintjob; which makes it a no-brainer.
A fresh coat of paint also gives the illusion that the house is well-maintained. A visually neglected exterior, with peeling walls will turn them off even if the house is in top-notch condition otherwise.
The other benefit of painting the exterior is that you can manipulate the colors to make the house appear…
Continue reading the article about repainting your house on Twyne Docs website.
