Spring Is Coming: Time To Work On That Curb Appeal

With the real estate market in Maine undergoing a shift, selling your home this spring may require more preparation than it would have in the past. Although there are more homes for sale than there were at this time last year, inventory levels are still historically low. This means that if a house has been on the market for a while, it may not be meeting the requirements of potential buyers. However, updated homes that are priced at market value are still selling quickly.
According to Danielle Hale, Chief Economist at realtor.com
"In a market where costs are still high and buyers can be a little choosier, it makes sense they're going to really zero in on the homes that are the most appealing."
Homes with curb appeal that are presented well are still selling quickly and sometimes above asking price.
As the spring buying season approaches, it is advisable to start getting your house ready to sell. To determine where to spend your time and money, work with a trusted real estate agent who can provide insight into which improvements are most valuable in the local Maine market.
First Impressions Matter
To prioritize updates that could bring a good return on investment, consider finding smaller projects you can do yourself. Little updates that enhance curb appeal are usually effective. Investopedia suggests that:
"Curb-appeal projects make the property look good as soon as prospective buyers arrive. While these projects may not add a considerable amount of monetary value, they will help your home sell faster—and you can do a lot of the work yourself to save money and time."
Minor cosmetic work, such as repainting and power washing the exterior of your home, make a great first impression for buyers and help your home stand out. Consult a real estate professional to discover low-cost projects you can tackle around your home that will appeal to buyers in the Maine market.
Understanding The ROI (Return On Investment)
When deciding what repairs and updates to make before selling your house, remember that you're doing it for someone else. Prioritize projects that will help you sell your house faster or for more money over things that appeal to you as a homeowner. The National Association of Realtors' (NAR) 2022 Remodeling Impact Report highlights popular home improvements and their return on investment.
To obtain the best advice on the updates you should invest in, rely on your trusted real estate advisor. They'll know what local buyers are looking for and have the latest insights on what your Maine home needs to sell quickly this spring.
Call Me!
In summary, as we head towards the spring season, it's time to get your house ready for sale. Connect with a real estate professional to determine which updates make the most sense for your Maine home.
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