Real Estate Interior Design Tips
In today’s competitive real estate market, home sellers are making more profit due to the newer concepts in interior design psychology. This means it is well worth your time planning the changes you will make in order to sell your home for the highest price.
Come up with a basic design plan, but make sure to keep your target market and budget in mind. Supply and demand will be the biggest factor in your overall design plan. In your area, how many houses are currently up for sale? Per week, how many of those houses sell? Is the weather of the selling season cold, warm, or hot? Does the market belong to buyers or sellers? If the market is quick moving and buyers are lining up to put offers for homes in your area, you can do less. It doesn’t matter what your answers are to the previous questions, you still need to make sure and do a few things so that your home stands out amongst the competition.
You must know who your target buyers are. Make sure to keep in mind your neighborhood and the buyers who are buying homes near yours. Are these people buying their first home, or are they upgrading. This factor will make quite a difference in your marketing and design plan, since the psychological needs of these buyers are rather different. First time homebuyers usually wish to control their own environment by owning, rather than renting. Their psychological needs often include such things as safety and security, a sense of connection, comfort, and self-control. While move-up buyers also enjoy such benefits, they typically worry more about getting into a bigger home with more amenities for their self-esteem, comfort, and prestige.
You want to make a difference in your sales price, so only purchase items that will make a difference. The best investment you can make as far as repairs go is fresh paint. Spending money on new kitchen appliances, updated lighting fixtures, and upgraded bathroom features will also give you a great return on your investment. In some cases, hiring professional help is worth the extra cost. Professional painters are very quick, and are usually much less expensive to hire than day laborers. Tile installers, carpet layers, and electricians will also be a better bet than day laborers because they are very good at their trades.
Picking the perfect colors to paint your home will also make a huge difference in your paycheck at closing. Take a peek at houses near yours and choose your colors accordingly. Make sure you keep in mind that colors look darker on large exterior expanses than they do on the little paint chips at the store. Good luck on your design and on selling your home!