Property sellers in Philadelphia could profit on the boom in real estate in this city, and they could get a major return on their investment. How they showcase their home defines who will show interest in the property. Researching their market with a real estate agent helps the seller address features that need updates. Preparing to sell a home in Philadelphia effectively cuts the time the property spends on the market.
How Outdated is the Property?
Buyers do not like outdated home features, and these changes could increase the market value of the home and give the seller more out of their investment. An interior designer could come in handy when evaluating new ways to change these features and complete a more cost-effective solution for the outdated spaces. The changes could include painting the walls, replacing the flooring, and changing out the lighting fixtures. If the seller isn’t including appliances in the sale, they don’t spend money on updating these home features. If they want to include appliances, the seller cannot leave outdated products in the home. Sellers get help at NRIA when assessing their homes.
Preliminary Property Inspections
A preliminary property inspection shows the current owner what issues they have right now. It’s better to get ahead of the process and find issues today instead of waiting for the buying to complete the inspection. Abatement services are vital if the current owner received a disclosure for lead-based paints or asbestos and didn’t take action. These issues could prevent them from selling the home according to updated health regulations. If they complete any renovations, contractors will find these issues and stop their projects until the owner sets up abatement services to remove the harmful materials. It’s best to get rid of the issues now.
How Well Does the Home Function?
The functionality of the home is a popular concept today, and buyers must consider how each room is used. For example, if their kitchen and living room are separated by walls, this could be a problem for a young family. They won’t be able to watch over their kids when preparing meals. Buyers want an open concept that allows the spaces to flow together and give them more visibility.
With a bathroom, it doesn’t need spa features necessarily, but these features increase the price of the home dramatically. A main bathroom should provide ample counterspace for kids or guests. A double vanity allows two kids to brush their teeth at once. Younger children need a bathtub, but this doesn’t mean the owner must have a tub and shower combo.
These installations have become passe, and buyers want properties with a separate shower and bathtub. It gives them better use of space, and it lowers the risk of accidents in the bathroom. Storage for bathroom supplies is a must for the main bathroom, too. The design should make it easier for kids or guests to find toilet paper or toothpaste when they need it. Drawers and cabinets eliminate the clutter and make it easier to find these items.
How Old is the HVAC System?
HVAC systems must be inspected thoroughly, and gas lines and electrical wiring are at the top of the property inspection list. As a general rule of them, if the HVAC is at least ten years old, the owner needs to replacement before selling. Buyers won’t purchase a residential property if they have to replace the HVAC as soon as they move in. Comparing the cost of HVAC systems defines what is best for the property and most cost effective. Contractors review the existing wiring and HVAC lines. The upgrade should connect to these lines for cost effectiveness. Adding new lines or relocating HVAC lines could prove quite costly.
Does the Home Offer Adequate Energy Efficiency?
Energy efficiency is a must for all home buyers and evaluating the energy efficiency of the property defines what the owner must change. Drafts are a major issue that causes energy efficiency problems. Something as simple as sealing up the property could make a big difference. Sealing up baseboards, repairing cracks around windows, and adding weatherstripping on doors cuts energy costs. If they update the HVAC, the owner gets a new thermostat. If floors are too cold in the winter, the owner could consider changing the flooring. Simple modifications could help them avoid buying brand-new windows and doors to improve the energy savings for the new owner.
Inspecting Proper Drainage During Storms
Storm drainage could present foundation problems and lead to mold if it isn’t functioning properly. Assessing the soil for erosion defines if the problem may have drainage issues. Gutters and downspouts should be repaired or replaced to prevent water from reaching the foundation or causing wood rot in the roofing, soffit, and exterior walls.
Removing Personal Items from the Home and Staging
Staging for the property requires the seller to remove clutter and make the living spaces more appealing. The strategy shows the buyer what the property could look like if they lived in it. Personal items such as family photos shouldn’t remain on the walls or tables. Small decorative touches and fixtures are more appealing, and the buyer gets a better view of the property.
If the owner must keep items such as their clothing in the closets, agents recommend organizing the spaces to make them seem less cluttered. Sellers who show their homes with excess clutter could give the impression that they might have pest control problems. The indication that the current owner might be a bit of a hoarder could discourage the buyers from purchasing the home. Property sellers follow strategies to prepare their home for a buyer.
Staging is a must when showing the buyer what the entire property looks like. Updating living spaces and fixtures make the property more appealing and eliminate depreciation of value because some features are too old. Testing energy efficiency shows the seller issues that need to be managed quickly. Assessing problems ahead of schedule saves time and money, the buyer schedules an inspection and will find issues, anyway. Managing the problems before a buyer shows interest cuts down on delays and helps the owner sell their Philadelphia home faster.