The key to getting your house on the market and sold quickly is making sure it looks its best. Updating a home with newer, brighter materials can help buyers settle in faster than they would otherwise. The benefits of a well-maintained home are clear, with an updated property can sell 30% more quickly than one without any updates.
The study conducted by Knock found out what these small changes were - they made all homeowners proud, but if you want an even more impressive reaction from potential buyers, then try adding those updates yourself before selling your house.
When buyers are looking for a new home, they want to find the perfect place that has all of their needs in one. They also have preferences for what type or style of the house will work best with them and how much money can fit into an affordable price range- which means you need listings not only by location but also features.
Homes that are already updated before they go on the market tend to sell faster than those left untouched. Knock research indicates that buyers feel more confident in a home with recent improvements. These findings might explain why many real estate agents recommend making some simple updates. Knock found that it's not just about putting in the hard work before listing your home; you should also take care of small things like updating paint or replacing old windows. The research revealed which upgrades result in higher prices and faster sales.
"The data continues to support the benefits of getting your home show-ready," says Sean Black, co-founder of Knock.
Homes undergoing renovation have an average sale time of eight days, while those without improvements take 12. The number goes down to six for homes with two or more improvements added.
Updating your home before selling it can be a daunting task, but there are some key areas that potential buyers will be sure to notice. These include:
- The kitchen: This is often the heart of the home and one of the most important rooms for potential buyers. Updating appliances, countertops, and cabinets can give your kitchen a fresh, new look that buyers will love.
- The bathrooms: Another important room for potential buyers, updating your bathroom can be a big selling point. Replacing old fixtures, tiles, and toilets can give your bathroom a much-needed facelift.
- The floors: Old and outdated floors can be a turnoff for potential buyers. Refinishing or replacing your floors can give your home a refreshed and modern look.
By updating these parts of your home, you'll make a great impression on potential buyers.
The most popular home improvement among sellers was interior and exterior paint - 70% of them got rid of the old walls, replacing them with something fresh. They spent an average of $3,500 on getting their homes looking good as new. But it's the kitchen cabinet repaints (which cost an average of about $1,319) that can make all the difference in a buyer's decision.
Homeowners are always looking for ways to make their homes feel new, and this is one of the easiest ways! Home shoppers can get excited about any listing with simple kitchen or bath improvements!
The most common updates that consumers say they love about a house are listed here:
