Home Selling in 33301>Question Details

Gwendolin He…, Home Seller in 33301

what to do to retain value in the market?

Asked by Gwendolin Herzog, 33301 Wed Feb 11, 2009

which homes retain value through the sales contract time and behond?

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Retain value in any market continue updating home trends on todays market example: hardwood flooring, granite counter tops, paint colors, updating lighting, fixtures, landscaping, exterior paint, shutters, Majority is inexpensive investment of updates last for years. GREAT QUESTION
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Wed Feb 11, 2009
Location, Location, Location. Homes that retain value and increase in value are in areas appealing to a wide variety of buyers. In our market, primarily vacation and second/home drive, views and surface water are the location factors that add value. When buying view homes, be careful to check for surrounding property. What if the land below you sells? Will restrictions allow a home to be built close to you that will limit your view? What if the owner of that 50 acre farm dies and his children sell off the property to be subdivided? Will your homes value be diminished? Also pay attention to subdivision restrictions and zoning issues thath can have impact on your homes value. Our county has NO ZONING ORDINANCE... This can seriously hurt your property value. I always tell buyers... either buy enough acreage to protect your dreamhome or buy in a restricted development.
1 vote Thank Flag Link Wed Feb 11, 2009
Thank you for best answer If our office can offer any further assistance happy to provide answers
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Wed Feb 11, 2009
Well updated and well maintained homes, in a good location, with great curb appeal and all the major items buyers usually look for....
But many of the upgrades to make a home contemporary are smaller items one can do a few every year, once all the basics are new or newer like windows, roof, furnace a/c etc.

Then we go to new appliances, possibly hardwood floors refinished or put in....

modern countertops

And paint and decorate your home neutral and what is in so to speak.....

Hope this helps...
Edith
0 votes Thank Flag Link Wed Feb 11, 2009
Gwendolin - such a good question. Lynn is right. In this kind of market, with so many properties available, the home that retains its value and competes well against its competition is the home that has been well kept, doesn't appear dated, is uncluttered and decorated in such a way that a buyer can easily imagine themselves living there - no over-personalization.

I've had potential sellers here in South Florida add expensive upgrades ahead of improvements they could have made that would have had a far better effect on the property's value. Example: although a positive improvement, I wouldn't add accordian hurricane shutters to a property that needed an updated kitchen and/or bathroom.

As part of our service, we are happy to visit a seller's home before they put it on the market to evaluate what and where to spend their money, in order to get the best possible price. Sometimes, it's just little things that make a big difference. Bathroom lighting for example: dated mirrors and lighting for a bathroom can be replaced easily and very inexpensively with some super nice fixtures from Lowes or Home Depot. Here in nearby Davie we have an IKEA store which is really worth a visit, just to get ideas of what you can do.

I hope this helped a little.

If we can help further with the sale of your home, don't hesitate to contact me.

Best of luck,

Angela
Tel: 954-816-7996
Villa G Realty, Inc.
Web Reference: http://www.villagrealty.com
0 votes Thank Flag Link Wed Feb 11, 2009
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