The new concepts that have come about in interior design psychology have allowed home sellers to make more profit in today’s competitive real estate market. It is therefore well worth your time to plan the changes that you will make so that you can sell your home for the highest possible price.
While keeping your target market and budget in mind, develop a general design plan. Supply and demand will really determine your overall design plan. What number of houses in your area are currently up for sale? How many of those houses up for sale sell each week? Is the weather of the selling season cold, warm, or hot? Does the market belong to buyers or sellers? You can do less if the market is moving fast and buyers are lining up to put offers in on houses in your area. To stand out from the competitors, you will still need to do a few things to your home regardless of your answers to the above questions.
You must know who your target buyers are. Take into consideration your neighborhood and the buyers who are purchasing homes close to yours. Are these people buying their first home, or are they upgrading. Due to the fact that the psychological needs of these two types of buyers vary considerably, this will play an important part in your marketing and design plan. First time homebuyers usually focus on controlling 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. If you spend money on new kitchen appliances, upgraded bathroom features, and updated lighting fixtures, then you will also get a good return for your money. Sometimes, employing professionals to help will be worth the added expense. 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.
You will want to choose just the right colors to paint your home in order to make a big difference in your paycheck at closing time. Take a look at the surrounding homes and choose complementary colors. Keep in mind that colors look much darker on huge exterior expanses than they do on the little paint chips you pick up from the store. Good luck on your sale!