According to recent studies millennials or gen Y comprises the largest share of home buyers. What do they want? Here is my tip as professional home stager in Chester County: younger home buyers want a house that is turn key.
While homeowners are hesitant to invest in a property they are getting ready to sell – and it is understandable, they should reconsider. Selling your home AS-IS might cost more than doing some easy fixes and it will only help selling the competition. Of course, a full kitchen or bathroom remodel are not necessary most of the times, or even recommended. But if you lived and raised your family in your home for 15-20 years most likely your house needs a face lift.
Home buyers are not looking into getting an allowance to fix up the cracked concrete steps or to repair the roof, redoing the kitchen or the bathrooms, or repainting. They want a home that is priced well so they can move right in without spending any extra time or money.
One of the reasons younger buyers want updated homes is that they have limited budgets and most of their budget will probably be maxed out by the down payment and furniture. They won’t have extra money to paint, update the kitchen or the bathrooms. They will want to move in as soon as possible and not when they’re done with the improvements that would make their new home livable.
Let’s say you offer a $3.000 allowance for replacing the carpet. The buyer will think: “Ok, but will this be enough to get new carpet for the whole house/ whole floor?” or “I’m new in the area – I don’t have time/want to source that right now”. Your potential home buyer might take your offer and knock down another 10% just to be on the safe side and make sure they cover all the costs. Or they reject your home, and move on to the house down the street that is in move in ready condition.
So work with your home stager, and let them help you find what repairs, improvements and finishes that would bring the best return on investment and help showcase your property. Don’t ask your potential home buyers to assume risks and additional expenses. Most of the times, they will be either unwilling or unable to purchase a home that will require repairs before they can move in.
As a professional home stager here is my advice: if you want to get your Chester County home sold faster and for more then price it right and have your team in place to make sure it is in move-in ready condition and marketed right.