Think your home is ready for the real estate market? Before you put up the “For Sale” sign, consider these proven tips for boosting your sales price, and attracting the most buyers--including “Boomers” and the all-important “Millennials,” the generation of buyers who currently make up the largest segment of the market.
Keep it Simple: Interestingly, booth “Boomers” and “Millennials,” which together represent a huge buyer pool, prefer simplicity and ease-of-care when it comes to their homes. These groups are looking for stain-resistant, easy-to-maintain countertops in kitchens and baths such as quartz, and low-maintenance flooring throughout the home, such as hardwood. Adding these features to your home can easily boost your sales price by three-to-five percent.
Techno-Smarts: When it comes to new technology, both Millennials and Boomers appreciate an efficient home. However, be careful when considering your technology upgrade options. According to Consumer Reports, don’t over-invest in new technology that can quickly become obsolete. Do install practical “smart” devices that add value to your home, including programmable thermostats such as the “Nest.” Upgraded door locks and security systems that can be linked to smart phones also are good options, and can add three-to-five percent to your home’s sales price.
Go Green: According to Better Homes and Gardens, Millennial buyers are very concerned about the environment and health hazards within their home that could potentially impact their family. If you are making upgrades to your home prior to listing, green features such as energy-efficient kitchen appliances and HVAC systems, and low-e windows, are good options. When making structural upgrades, use environmentally responsible building materials.
Curb Appeal: When considering how to update your curb appeal, low-maintenance options are of particular appeal to Millennial buyers. Replacing thirsty lawns with native ground covers and pea gravel not only reduces water and maintenance costs, but also adds visual interest.
Paint: A fresh coat of paint can greatly enhance your home’s appeal to buyers, especially if your current paint palette is outdated, stained or faded. Be sure to use neutral colors that will appeal to most buyers, and avoid using multiple shades of paint in different rooms, which can make your home feel smaller. If you’re willing to tackle the job yourself, painting your home’s interior can add up to two percent to your asking price.