Holly Hurd

Holly Hurd
Berkshire Hathaway HomeServices HWWB, REALTORS

Tuesday, February 19, 2013

Investing a little pays off BIG



<a href="http://www.shutterstock.com/pic.mhtml?id=46908328" target="_blank">Paint prep</a> image via Shutterstock.Paint prep image via Shutterstock.
It might seem counterintuitive to invest money in a home you're selling. Wouldn't it be better to save that money for improvements on your next home?
Even though the home sale market has improved impressively, buyers still pay more for homes they can move right into without having to do work. This is not to say that buyers won't buy homes that need updating, but they need to be able to see the potential. And the property needs to be priced right for the market, taking into account work that needs to be done.
For example, recently a home was sold in the desirable Edenderry neighborhood in Northville,Michigan. It was owned by one family for more than 50 years. The property had deferred maintenance and a dated décor.
If the listing had been put on the market before it was partially updated, it would have been harder to sell and would have sold for less than it did with the repairs and tasteful upgrades.
The most dramatic change was achieved by removing the heavy dark draperies, dark furnishings and the dark flocked wallpaper in the foyer. The draperies were left off to expose the beautiful wood windows.
 The house was transformed from a dark, outdated home to alight-filled home with a lot of potential. The house showed beautifully , even though the kitchen and bathrooms were old. The listing sold in a week with multiple offers for over asking price.

Holly Hurd ~Living in the Northville, Michigan area for 40+ years , Holly Hurd is graduate of Northville High School, Schoolcraft College, Michigan State then raising her own family here Holly Hurd has first hand knowledge and knows the area quite well Please feel free to contact her for all your real estate needs
www.Northvillehomes4sale.net

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