Hidden Value for Buyers…
Viewing a home during a scheduled showing or open house you’re usually seeing it at its best. Its just good old-fashioned marketing when, the rooms are de-cluttered, bathrooms are sparkling, closets are organized, and the lighting is set bright.
Not every house you view however will actually look this way. Opening the door in anticipation is often a let down for Buyers.
This seems to occur more often than not when a rented property is involved, but for any number of reasons, a house on the market may have stained carpets, be less than tidy, poorly decorated, and even in need of minor repairs.
First impressions form quickly and it’s easy to make equally quick judgments and move on.
Be careful not to make the mistake of passing on what could potentially be a dream home. Keep an open mind when you come across properties that require repairs or renovating. There can be advantages to buying a home that doesn’t show well.
Make your purchase decision after carefully considering if the house is worth the expense, but make sure you know what that full expense might be.
Will you likely get your money back if you had to sell? According to appraisers and market studies, some renovations can add value, but be aware that whatever you put in to a home will not determine the market value if you have to sell.
When viewing a house, imagine how it will look with a fresh coat of paint, some fixtures updated, minor repairs completed, and rooms adorned by your furniture.
You might just find something in a house that doesn’t show well that others have overlooked.