Creating A Moving Budget: Costs Every Home Seller Should Factor In

Obviously, if you're selling your house, you're trying to save as much money as possible in the process. However, there are some costs that go into selling your home, and if you prepare for them, they won't seem as steep or unreasonable. Sometimes, especially with real estate, you have a spend money to make money. 

1. Plan to Paint

You may put off painting your house before putting it on the market—after all, if the buyer doesn't like the color on the walls, they can go through the trouble of repainting. However, many buyers are looking for turn-key homes, which means they don't want to move in only to face projects like repainting. Also, taste specific preferences, like wallpaper and bright colors, are hard for many people to look past; they simply can't see your house as their dream home with those things blocking the vision. Choosing pleasing neutrals or going with popular color trends goes a long way in helping to make your home more marketable. 

2. Set the Stage.

Even if hiring a home stager is not in your budget, you will still need to invest a little bit of money in staging your home yourself. You'll need to pack away the clutter (kid's toys, knickknacks, magazines etc) and clear all the surfaces. You'll buy some new things like flowers for the tables when you're doing showings. It's also a good idea to put new matching towels, bathmats and shower curtains in bathrooms. You may think that staging your home is silly, as it nearly empties the house and takes the "life" out of it, it helps buyers to see the home as a blank canvas. It also looks more clean and brings more competition to the market-- in a world saturated with homes for sale, people will pay for the best, or what appears to be the best. 

3. Prepare for Pre-Inspections.

Buyers usually factor a home inspection into the cost of buying a home, and you are aren't technically required to inspect the home yourself. However, if you have lived in the home for a few years or if you know that many problems have the potential to show up on the buyer's report, it's wise to do your own inspection first. This will let you know how badly your listing price will be affected by the problems that surface. If they are cheap fixes, it might be more economical to pay for the repairs yourself instead of giving the buyers a chance to give a low-ball offer for your listing. 

For more information, contact Fort McMurray Realty at Century 21 Dynamic Realty.


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