When the thought of selling a house comes to mind, most homeowners often believe they need to spruce their house up with some remodeling in order to make it more appealing to potential buyers. However, with so many buyers competing for available homes right now in Charleston, SC, renovations & upgrades may not be as significant as they would be in a less competitive market. But let’s discuss what you should keep in mind if you are thinking of selling your house.
1.There aren’t enough homes for sale right now.
In a typical real estate market, the normal average of houses for sale is around a 6-month supply. However, in today’s market, the inventory of homes for sale falls far below that. There is only a 2 month supply of homes that are available, so most houses for sale are only on the market for 21 days. So spending time & money on renovations or upgrades before you sell might cost you the opportunity to be a part of this incredible seller’s market. While some repairs may be crucial to selling your home, your best decision in this situation would be to work with a trusted real estate agency to find out which improvements are truly necessary versus which ones would not be deal-breakers for any potential buyers. Because many will be more than okay with tackling home improvement projects themselves in order to land the house they are wanting.
2. Focus on getting a good return on your investment.
In today’s market, it may be smarter to allow the future homeowners the decision to remodel any portion of the house to their specific needs, taste, & lifestyle. As a seller, it would be wiser to spend your money & time working on small cosmetic updates, instead of over-investing in your home with changes the potential buyer may not like or want. When planning which projects to tackle, make sure to talk to your real estate agent to discuss which labors would be worth the cost & will allow you to see a return on your investment. We’re in a strong seller’s market & that will allow home sellers to have more of a bargaining chip in regards to renovating, & deciphering the best way to spend their time & money.
Sell Your House with Ease with Team Lail-Chambers Real Estate
If you live in the Charleston, SC area & you are ready to sell your house this year, call Team Lail-Chambers today! Odds are, you stand to gain the most by working with a knowledgeable & experienced real estate agency like ourselves. Our experienced team, led by Bob Chambers & Pheobe Lail-Chambers, have the local knowledge to help guide you through the entire real estate process with ease. From the first point of contact through closing & beyond, we will be there to answer questions & keep you informed every step of the way. Browse through all available listings & contact an agent today. We can’t wait to welcome you home!