Top 4 Factors That Affect the Resale Value of Your Pleasanton Home
As much as you love your home, there might come a day when you decide to sell it to buyers looking for Pleasanton homes for reasons such as downsizing or to taking a job out of state. Whatever the reason, it is important to make strategic updates to your home. As a seller, you should be aware of costly mistakes when updating your home in order to gain equity in your investment.
Here are the top four factors that can affect the resale value of your home.
Layout and number of bedrooms
Today, most buyers prefer homes that have an open-concept design. Having an open floor plan gives the illusion of a bigger space, provides more natural sunlight and outdoor views, and creates a more safe and social environment.
The number of bedrooms can also affect your home’s value. Consider the pros and cons before deciding to divide one room into two. Oftentimes adding a bedroom can lesson your home’s value. Fewer but larger bedrooms can boost your value as opposed to much smaller rooms.
As you consider, “What’s my home worth in Pleasanton CA,” you might start thinking that renovations can instantly increase your home’s value. You have to be careful when making changes in your home. While doing certain upgrades can add to your home’s worth, having an “over improved” property as compared to other homes in the neighborhood can actually hurt your home’s value.
When upgrading, it is best to stick with those upgrades that are common for the neighborhood or subdivision. You can visit a neighbor’s home or attend an open house to get an idea about what others are marketing. Before undertaking major improvements, you may also hire an appraiser to prepare a feasibility analysis. This will help you determine the renovations that will affect your home’s value.
No matter how much your furry friends mean to you, the truth is they can affect your home’s resale value. Buyers can easily get turned off by the unpleasant smell created by your pets. An even worse scenario is when these pet odors trigger an allergic reaction to a prospective buyer.
Aside from these possibilities, your pets can also damage baseboards, hardwood floors, and wreak havoc on your home in general. Remember to clean your carpets and minimize any damage before hosting an open house.
While it may not be as common as the other factors, seller motivation can also be a major determinant that affects the offer price of the buyer. A motivated seller is someone who has already bought his next home or is relocating to a new area. This type of seller is more keen to sell the home quickly because the prospect of making two mortgage payments at the same time is not appealing nor practical to such sellers.
Most sellers want to steer clear of such a situation and pricing the home correctly will help alleviate this seller issue. Remind yourself, “There is a free market evaluation for my home in Pleasanton CA.” This way, you will still get a good deal even if you have a tighter schedule to sell.
Check out www.HomeValuesPleasanton.com if you need assistance in selling your Pleasanton Ca home or need help knowing where to start.