Win on Price or Win on “Wow”

Sellers often ask me what they should do to get their home or cabin ready to sell.  Sometimes the answer is “nothing.”  Sometimes I offer advice about cleaning the garage or trimming the shrubs to make a better first impression.  Takes a couple hours, but doesn’t cost a cent.  And sometimes I suggest sellers invest in new light fixtures or a couple gallons of paint.  Less than a hundred dollars, but a whole new look.

In some cases, of course, it might be time for more major upgrades.  There’s no simple answer that’s right for everyone.  But if you do choose to make major upgrades, here are two things to keep in mind.

First, although doing it yourself is a great way to save money, be careful.  Over the years, I’ve seen more than one amateur remodeling job that actually reduced a property’s salability.  So if you’re more handsome than handy, know your limitations.

Second, choose projects that give the best return on your investment, and make sure they’ll appeal to the widest range of buyers.  This means, for example, that kitchen and bath upgrades are a better choice than whirlpools or saunas.  And no pink paint, even if it’s your favorite color.

All remodeling projects cost money; if you’re about to sell, the investment may not be worthwhile.  Occasionally however, some properties definitely benefit from a facelift.  And sometimes that extra “wow” can really help a property stand out from the crowd.

The bottom line?  It depends.  Every situation is different.  But in today’s market, you need to make sure your home is in the best possible condition. If it’s time to replace the roof shingles, do so. Fix a leaky faucet or cracked window. Make sure everything is in tip top shape. Clear out the clutter. If you want your property to sell within a reasonable amount of time, you can win on  “wow.”

If beauty is important in the current market; price is even more important.  If your home or cabin is in great condition but not priced appropriately, it won’t sell. Simple as that. Price is determined by the market, not by how much you think it’s worth or how much you need to get to make your next move.

Local market conditions determine the price at which a property will sell. A home that’s clean and in good repair and priced appropriately will stand the best chance of selling sooner rather than later.

Jean Hedren

Realtor
Edina Realty Inc.
Gordon, Wisconsin
jeanhedren@edinarealty.com

NW Wisconsin Homes and Land for Sale

Looking for NW Wisconsin homes for sale? As your NW Wisconsin Realtor, I’ll assist you with all of home or land buying and selling needs. Start your search for local listings in the communities of Gordon, Wascott, Solon Springs, Barnes, Minong, and other area communities in Douglas County, Washburn County, Bayfield County, and Sawyer County. Lake homes, country homes, waterfront land, hunting land, recreation land. First time home buyers, repeat and move/up home buyers. Luxury homes.

Contact Jean Hedren and start your home or land search today.

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