There are many factors to consider when you put a home on the market. The worth of a home is most greatly affected by supply and demand. When there is a low supply and high demand, prices go up. When there is a large supply and low demand, prices go down. But beyond that, what determines a home’s success on the market? While there are a lot of different factors, here are three to consider.
Kitchen and Bathroom
The kitchen and bathrooms are the most important rooms in a home. You might have thought the bedroom was more important, but you can put a bed in any room that has space for it. The kitchen and bathrooms have much more complex amenities and plumbing requirements. If the plumbing in the kitchen or bathroom is not in good repair, you could have a potential disaster. Furthermore, people spend a lot of time in these rooms. They need to be comfortable and well-designed. If the kitchen or bathroom feels cramped, home occupants will be frustrated when they have to hurry about cooking a meal or getting ready in the morning.
Factors That Can Make or Break a Home on the Market: Home Design
The overall design of the home is another large factor in a homes market performance. Some home’s designs are more attractive than others. Some offer greater functionality. A large garage can safely store more cars and items. An L- or U-shaped home design can help increase privacy. Multiple stories can increase square footage without an increase in the home’s footprint. Fewer windows and lower ceilings help create a more energy efficient home. At the same time, high ceilings and lots of windows tend to be more aesthetically pleasing.
Factors That Can Make or Break a Home on the Market: Cleanliness
One of the biggest factors in a home’s market success is its cleanliness. Buyers tend to equate cleanliness with a home that is in good repair. A dirty home gives the impression that the previous owner did not care for the home. Even a home in good repair will appear rundown if it is not well cleaned. It can be well worth your time to scour the house so that it is sparkling clean before you put it on the market. If you don’t, buyers will use the dirtiness as a reason to give lower offers than the property might be worth.
If you are looking to buy a home, take these items into consideration. As you compare homes, see what features each home has that justify the asking price. If you feel that there is a discrepancy, you can use this to justify your lower offer. If you are selling a home, consider how you can highlight these aspects as you advertise your home. This can help your home seem more attractive and worth more to buyers.
If you’re looking to sell your home, we can help to make it happen. Contact us to start the process!