IN Phoenixville Area Summer 2017 - Page 9

relocation or financial distress, will be the biggest determinant of whether you will see a solid profit from your investment.” 8. SELLING: Will renovating always increase my resale value? Make conscious decisions when renovating your home. While newer will entice potential buyers, be cognizant of what rooms you update and how you do it. An updated kitchen will increase the value of your home, but be sure to appeal to a wide range of tastes. A good place to start is with the appliances. Realtor.com states that homes with stainless steel appliances sell 15 percent faster than those without. Updated bathrooms are easier to satisfy a wider range of buyers’ desires for luxury, but be sure to keep the colors neutral. 9. SELLING: Don’t spend earnest money! Many sellers make the mistake of depositing and spending earnest money before closing day. If the transaction doesn’t go through or the buyer pulls out due to repair issues, it is up to the seller to return the cash. It is recommended to have a real estate agent or broker hold the deposit. Most buyers’ earnest money will be held in an escrow account until the closing day, allowing the money to remain untouched by either party. 10. SELLING: Consider names and numbers. Just when you think you’ve checked all the boxes for an easy sell of your house, take a second look at your address. According to Zillow, street names and house numbers matter! If you happen to live at 666 Fanny Hands Lane, you may be out of luck (however that particular street is in the United Kingdom, so you should be safe). Innuendo-laden street names tend to not sell as quickly as something like Thunder Road, for example. American numerology says that 666 is bad luck and could decrease the value of your home by 2 to 3 percent. Also, steer clear of the number 4, considered unlucky in Chinese culture. Stick to the number 8, or in clude the lucky digits 316 in your asking price!  WHEN TO SELL Current homeowners have a positive outlook with the real estate market on the up and up. Keep in mind these real estate selling tips before your house goes on the market. 1. Keep it clean! It’s easy for life to take over and daily chores to fall by the wayside. Don’t let this spoil your goal of selling your home. Kids, pets and messy spouses should be kept at bay during peak viewing hours. Finding it hard to live at home while trying to sell? Invest in a few extra storage bins with decorative flair to keep toys, clothes and shoes out of sight to potential buyers. 2. Where possible, take the home out of your house. Remember, buyers are buying their new home, not your old home. Get a head start on moving out by putting trinkets and collectibles in the basement and giving potential buyers the ability to picture their own unique personalities in the space. Closets are an important selling feature, so start packing away off-season clothing to give closets the appearance of more space. 3. Make smart upgrades. Make moderate upgrades that speak to the current market of buyers. Replace old carpets with new hardwood or laminate flooring. Invest in a fresh coat of neutral-colored paint for bedrooms and common areas. Fix broken closet doors, replace outdated hardware with sleek new knobs and handles, and clean your mirrors and windows. Thinking small will deliver big payback. 4. Cooks in the kitchen. Every cook wants a nice kitchen. If you have some money to spend, think about upgrading flooring and countertops to match current styles. Think about upgrading one or two key appliances to stainless steel. Don’t have much money to spend? Good-quality cabinets can always be painted or updated with new hardware. The upgrades will be worth it. 5. First things first. You want to capture potential buyers the minute they pull up to your house. Keep the lawn tidy and plant a few flowers to make your home approachable. Light a candle or add fresh-cut flowers to the main entrances or common areas of your home to make it feel more inviting. Phoenixville Area | Summer 2017 | icmags.com 7