An estate resale is similar, yet different from a vacation home rehab project
. Unlike redoing a vacation rental house as a second home, generating a passive income stream when you’re not using it, an estate home presents certain challenges. Foremost, is the common stigma attached to estate houses, which is undeniable. But it also includes attracting a wide variety of buyers, not just other seniors. You’ll have to appeal to young buyers, as well. Fortunately, with the right estate home resale preparation, you’ll start in a strong position.
Fort Lauderdale Estate Home Resale Tips
Another bit of good news is, it’s much like reading a condo for sale
(particularly if it is actually a condo unit). It’s best to start with the most knowledge about the true condition of the property. Whether it’s a single family house, a townhouse, a villa, condo, or even another type of residential property, you need to be in-the-know. So, a smart move is to have the estate home inspected before you do anything else.
Selling any home can be challenging, depending on the market. But if you have an old home and want to appeal to young buyers in their 20s and early 30s, you may need to take some extra steps. First, you’ll need to assuage the fears of those young buyers about maintaining a home that was around during the real “Mad Men” days. Second, you’ll need to showcase the features that have the most appeal to young couples and families. —Bankrate.com
This way, you’ll be aware of all its minor problems aside from cosmetic issues and its material defects. Doing so will save you a lot of time and heartache later on when inconvenient surprises are most costly. Schedule a home inspection, make repairs, then have it re-inspected, to give copies of the last report to interested buyers. This will let them know all issues have been addressed and nothing is being intentionally hidden. Here are some more estate home resale tips:
- Declutter the estate house. Go through every room, one-by-one, and remove all the clutter. What is clutter? Anything that doesn’t belong (and some stuff that does). Take away all decor to sell it, donate it, or give it away. The more you remove, the more room you create and every square inch counts.
- Depersonalize all the rooms. This is a very important step because it will help to remove the stigma so many estate home resales are plagued by, causing them to linger on the market. Keep the heirlooms, if you wish, but remove all personal items or you’ll sabotage your own efforts.
- Give the interior a fresh coat of paint. For a big impact with little effort and expense, brush and roll on a fresh coat of interior paint. Do this in every room and stay with neutral colors that go well together. If you can’t resist, paint an accent wall in one room and leave it at that.
- Make all necessary upgrades to the rooms. Those dull, outdated window coverings won’t cause potential buyers to fall in love with the house. Do yourself a big favor and make all necessary upgrades to every room for the right function and feel.
- Provide it with some impressive curb appeal. Don’t forget about upping the curb appeal. It’s a well-known fact in the real estate and home staging industries people form an impression of a property within just 7 to 10 seconds of seeing a home. So the curb appeal must impress right away.
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