Posted by: Regent Homes, on April 23, 2013
Right now, home real estate is a buyer’s market. Prospective buyers with pre-approved purchasing ability are a rare commodity these days, so they know they can afford to take their time and be very selective about which home will be their next. They can afford to be demanding, with very little consideration given to settling for less than exactly what they are looking for. Therefore, smart home sellers will realize that it completely up to them to make their house as attractive and desirable to prospective buyers as possible. One of the ways that they can accomplish this is by installing new replacement windows.
People looking to buy a home often want the move-in to be as painless and hassle-free as possible. Contrary to what some real estate brokers will tell you, most new owners have no desire to purchase a fixer-upper or handyman’s special. They want to unpack and start living there, with no worry about any immediate work that needs to get done. After all, they just spent a lot of money, so they probably don’t want to turn right back around and spend thousands more in renovations or updating.
Both the resale value of your home and the length of time it takes to sell will be determined by, among other things, exactly how “turn-key” you can make your home for potential buyers. Every homeowner today wants an energy-efficient home. If they don’t have to perform major upgrades in this area, such as replacing the entire home’s insulation, installing a new heating and cooling system, or replacing all the windows, then it can be a lot easier for them to envision ownership.
One of the biggest keys to attracting prospective buyers is to make the exterior of the home as fresh and beautiful as possible. Your home can have a state-of-the-art kitchen and beautiful hardwood floors to die for, but if they just drive the drab, outdated exterior, then none of that will matter. A well-tended yard, fresh paint, and new replacement windows can provide your home with a much needed facelift. The clean look of modern windows can give your home an open and inviting appearance, sure to draw in more interested buyers. The more people who stop to see your home and all that it has to offer, the more likely it is to sell more quickly.
There is one tip to reselling your home that many people don’t fully realize. To maximize the return on your investment, it is advisable to do larger projects, such as window replacement as early on in your ownership as possible, often years before you are planning on reselling. The reason for this the fact that with all home improvements, you immediately realize added value to your property, usually expressed as a percentage of the total cost of the job.
For most exterior projects, such as painting, siding, or window replacement, you could immediately add approximately seventy percent of the cost of the project to your home’s resale value, according to national averages. The way you recoup the remaining thirty percent is simply by living in the house and enjoying the benefits of ownership. This is why it is better to do such projects sooner, rather than later. The accumulated energy savings you were able to realize, combined with the added value, more than make up for the initial expenditure. In fact, if your replacement windows early enough, they end up paying for themselves, so the added resale value is all profitable equity.
All in all, there are many things you can do to enhance your home’s marketability and maximize your chances of garnering the highest possible sales price. Replacement windows are among your simplest and smartest investments.
All Posts, Resale Value, Selling Your Home