We're going to explore why putting in a bit of sweat equity in listing your home is not just important but can make all the difference in getting the best price your property truly deserves. So, let's jump right in.
Take Emotions out of the Equation
When you decide to put your property on the market, it's crucial to see it through the eyes of a neutral buyer. It's common to become emotionally attached to your home, but this emotional connection can sometimes blind us to necessary updates that could make it more appealing to potential buyers.
It's essential to present your property as a value investment to prospective buyers. Little things that we might overlook, like a missing window crank, a torn mosquito mesh, a fused light bulb in the vanity, or a small patch on the ceiling from a past water leak repair, dirty carpet on the stairs and upper hallway etc can stand out to buyers. These seemingly minor issues, which we might have grown used to, can give the impression that the property hasn't been well-maintained. Taking care of these details can significantly enhance your property's appeal without breaking the bank.
No Detail is Too Small
Don't underestimate the power of small details. Even if you've addressed most issues, missing mildew stains in window corners, dirty exhaust fans in the bath or ignored spaces like the utility room can raise red flags for buyers. Pay attention to every nook and corner to ensure your property presents well. I personally, when I review properties before listing, the benchmark I use is that the prospect's eyes should not stop anywhere on any deficiency.
You Don't Get a 2nd Chance
As sellers, we don't list properties every day, so it's crucial to invest time and effort in presenting our homes in the best possible light. First impressions matter, and once a prospect forms a negative opinion, it can be challenging to change their perception. Make sure you seize every opportunity to showcase your property positively.
Exteriors Matter Equally
While it's tempting to focus on the interior, don't neglect the exterior and landscaping. The front yard and driveway are the first things potential buyers see. A well-maintained exterior creates a positive initial impression. Consider adding a few flower baskets (weather permitting), clearing driveways of snow during winter, and keeping front porch lights on for evening showings.
Controlled Temperature
In regions like Greater Toronto, where temperatures can be extreme, controlling the indoor climate is crucial. In winter, ensure the furnace is in good condition, and set the thermostat to a comfortable temperature of 21-23 degrees. In summer, have the air conditioner running at an inviting temperature. A comfortable environment during showings can increase the chances of buyers liking your property.
Neutral Odours
Lastly, ensure your home smells neutral. Over time, houses develop specific odors due to our food habits and pets. Use odor-cutting solutions like Febreze to maintain a neutral scent. You can also consider professional duct cleaning to eliminate majority of odors. For any special and elaborate meals you like, see if you can postpone them for couple weeks till the time you are active on showings, or if really needed, prepare those in the night.
These are just some of the steps you, as a seller, can take to ensure your property shines in the eyes of prospective buyers. Remember, every effort you put in will increase the credibility and value of your property.
Wish you all the very best! Reach out to our dedicated team at Elixir for any queries you have in Real Estate and we will do our best to help.
Mudit Mehta
Broker of Record
ELIXIR REAL ESTATE INC.
Off: 416-816-6001 | [email protected]