Archives: December 2012

How to Know When to Fix Your New Albany, Ohio Home or Sell It As Is

It’s a question that every home seller will need to face at some point during the New Albany home selling process: Should I fix my home to make it more attractive to buyers or try to sell it as is?

Like many things in life, there is no clear answer to this question.

After all, your decision whether to sell your home as is or not will depend on a variety of factors, which we will explain below.

Properties for Sale on the New Albany Real Estate Market

There are many factors that one should consider when deciding whether to sell their home as is, including competing inventory, recent New Albany housing market activity and more.

If your home is going to cost a lot to repair to the level where normal home buyers would want to purchase it, you may consider pricing it below market – especially if you’re in a hurry to move out.

By doing so, you’re likely to attract multiple offers either from investors or home buyers willing to do repair work themselves who are looking for a “deal”.  Generally speaking, fixer-upper buyers will not pay top dollar on a home in need of repairs.   They’ll probably factor in the cost of the repairs as well as a cost for the hassle of doing them into an offer. Thus, if you definitely have a price point you want to meet on the sale of your New Albany home, you may just want to make repairs before you list your home.

If you’re trying to add value to your home by making repairs to it before you list it on the New Albany market, remember that the improvements in kitchens and bathrooms have the highest return on value.

Here are some other factors that you should consider when deciding whether to sell your home as is:

  • What do other homes in your price range and location have? If all other homes have renovated kitchens, you may consider investing in a remodeling as well. Otherwise, you’re likely to receive low ball offers.
  • Is it a seller’s market? If it is, you’re more likely to get away with selling your home as is because buyers will be desperate to close the deal. If it’s more of a buyer’s market, you may have to put some sweat equity in your home to attract potential buyers.

If you decide to fix your home before listing it on the New Albany real estate market but don’t want to completely wipe-out your bank account, we recommend you make these minimal repairs at least:

  • Patch any holes and cracks in the walls and ceilings; touch up woodwork and trim
  • Fix or replace broken appliances and HVAC systems
  • Fix leaky faucets; possibly update hardware
  • Replace darkly-painted or wallpapered rooms with neutral colors
  • Replace old, stained, or dark colored carpet
  • Make sure your home is up to code
  • While not a repair, decluttering the house, closets, and garage costs little and is time well spent

Your Expert New Albany, Ohio REALTORS

If you’re considering listing your home anytime soon on the Central Ohio real estate market, we hope you found the above information helpful!

For more tips on how to expertly navigate the New Albany housing market as a seller, please feel free to contact us, Kate & Tony Thomas, today!

We also welcome you to check out some of the helpful real estate tools we are already offering online for free, such as:

Until next time,

Kate & Tony

How to Expertly Stage Your New Albany Home’s Kitchen for Buyers

When it comes to selling your Central Ohio home for sale, staging your home can make all the difference in the world!

Staging a home allows you to play up your home’s assets while downplaying it’s weaknesses. It also makes your home appear cleaner and more spacious then it actually is – which is a plus when you’re trying to attract interested home buyers!

Below, we’re going to tell you the best way to stage one of the home’s more important rooms: the kitchen.

Staging the Kitchen in Your Central Ohio Home

For many home buyers, the kitchen is one of the most important rooms in the entire house.

After all, this is where a family is going to spend a great deal of time. Plus that, kitchens tend to cost a lot to remodel. Thus, interested home buyers will be searching for the home with the kitchen that is move-in ready!

But how exactly should you stage your kitchen to be universally attractive to home buyers? Here are some ways you can start:

Give the kitchen a good cleaning. Don’t forget to scrub the baseboards, polish chrome fixtures, clean the insides of cabinets and more!

If you cook a lot of meals that have long-lasting odors, consider going out to eat while your home is on the market. You never know what smell is going to turn off potential home buyers.

Don’t leave dirty dishes in the sink or the dishwasher. Buyers are going to look at both and you don’t want buyers thinking your entire home is dirty just because you have some dirty dishes in the sink.

Discard any items in your pantry, refrigerator or freezer that are old or you are not using.  While this may seem minor, it actually signals to interested home buyers that your home is in neat and creates a feeling of spaciousness in these important areas.

Depersonalize your kitchen by removing magnets, pictures and notes form your refrigerator. Remember, you want home buyers to be able to envision themselves living in your home – not you.

If you have a relatively small eat-in kitchen space, consider adding in a smaller table to make the room appear bigger.

Stow knives and counter top appliances in cabinets and drawers.   The fewer items on the counters the better.  Arrange knickknacks that are on the counter by odd numbers – which is more aesthetically pleasing.

Add plants – which will make a room appear more warm and inviting.

Don’t put anything in front of windows that would block natural light from coming in. Natural light makes a room feel cheerier as well as larger.

Selling New Albany Ohio Real Estate

We hope you found the above tips helpful as a prospective New Albany home seller.

As a rule of thumb, staged homes tend to sell quicker and for more money than un-staged homes. Thus, it really behooves New Albany home owners to stage their homes before they ever list.

For more expert tips on how to effectively sell your home, please contact us, Kate & Tony Thomas, today!

While you’re at it, we invite you to check out some of the helpful home-selling resources we already offer online, such as:

Until next time,

Kate & Tony

Is It Time to Purchase Another New Albany, Ohio Home for Sale?

As experienced Central Ohio real estate experts, we’ve known plenty of New Albany home owners over the years who have wrestled with the idea of when to purchase another home.

They would often ask us, “How do I know when is the right time?”

So today, I’m going to tell you about some top reasons why people decide to sell their current New Albany home and move to another one.

New Albany Real Estate for Sale

It has been said that American home owners move into a new home roughly every five to seven years.

Why so much moving? Here are some top reasons why New Albany home owners tell me that it’s time for them to move:

They’ve outgrown their current home.   This is particularly true for growing young families who originally purchase a starter home and then quickly outgrow it.

They want to upgrade their home.   Whether they’re looking for a more modern-style home or a home with updated fixtures and amenities throughout, these home owners are looking for the bigger and better home.

Job transfer.   Sometimes it’s the job that initiates the need to sell their current home. Often, if commuting distance is more than an hour, people will decide to relocate.

They want to rectify a mistake they made when they purchased their current house. Perhaps when purchasing their current house, the home owners thought they would be able to get used to not having a backyard or being on a busy street.  When they realize that they made a mistake on their current home, some home owners will eventually rectify the situation by purchasing another home that fits their needs more appropriately.

Changes in Personal Relationships.   Whether it’s getting married or getting divorced, having kids or becoming empty nesters – these changes in relationships often motivate people to change their living situations as well.

Desire to See Family More Often. If the home owner lives far away from their nuclear family, they may opt to move in order to be closer to relatives. We see this often in which parents move closer to be with their children and vice versa.

Desire to See Family Less Often.  Then there are the home owners who are looking for a bit of space between themselves and their family members. In order to preserve harmony in the family, these home owners move away from their families.

Retirement.   Some home owners who have recently retired wish to live in a retirement community where they can be around others around their age. These communities are also attractive because they typically require less maintenance than a typical home.

Deferred Maintenance.  Instead of having to purchase a new roof or replace the furnace, some home owners opt to purchase a new home so that they don’t have to worry about such costly maintenance projects.

House flippers.   Some people simply enjoy buying fixer upper homes and spending a great deal of time, money and energy making the house into a more desirable place to live. Then they sell the home and buy another fixer upper.

Change in lifestyle.   These individuals may not want to be tied down to a property and instead want to spend their time and money traveling the world. Thus, they decide to sell in order to free up some of their money and to release themselves from one piece of property.

New Albany, Ohio Real Estate for Sale

If you are a current home owner who has been considering selling your Central Ohio home anytime soon, please contact us, Kate & Tony Thomas, today!

As you can see, we’ve helped New Albany home owners sell their homes for a variety of reasons over the years and we’d be happy to assist you as well!

For the time being, however, please take a few moments to browse some of the additional home-selling resources we offer online for free, including:

Until next time,

Kate & Tony