Real Estate Trends
Aug 07, 2017 10:19PM
● By Elena Hutslar
High-Value Upgrades Lead to Top-Dollar OffersBy Norma Flaskerud
The real estate market shows no signs of slowing down. In Pleasant Hill, homes sell very fast. And the inventory of homes for sale remains very low. Properties are coming on the market, but they sell within seven to ten days at most. Realtors will typically set a date to look at offers seven to ten days after the home first comes on the market. An average of 30 homes a month sell in Pleasant Hill, and we do not have even one month’s inventory, creating what is still an extreme seller’s market.
Does that mean a seller can overprice their home and sell it? No. Buyers are discriminating, educated and savvy. They will pay what they perceive to be a good value. In this super-competitive market, buyers will only pay top dollar for a home remodeled with top quality finishing in the latest styles. These homes sell for more than you ever imagined and are gorgeous both inside and out.
If you plan on replacing anything in your house, we highly recommend you do it with an upgrade. Don’t seek the cheapest replacement. Upgrade it to be stylish and attractive. Take white appliances, for example. Sure, they are neutral and go with everything, but they are not in fashion. Better to go with a high quality, stainless steel version. It will update the vibe in your house and pay off in the long run.
Consider investing a few dollars on new light fixtures or ceiling fans. These are generally very affordable and can really add value. A bathroom vanity can be purchased as a unit with a granite or quartz counter, sink, and new faucet very reasonably. You can install new ceramic tile floors that look like wood–very in style. Another stylish new flooring option is laminate. Often, we can’t discern them from real or engineered hardwood floors.
Have you tried Pinterest (www.pinterest.com) for ideas? It’s an app that lets you save photos of things you see online to virtual boards. For instance, you can make a board of ideas for a bathroom remodel, kitchen remodel, paint colors, furniture, garden/landscape ideas, etc. It is fun and a lot easier than wandering the big store aisles trying to find what you like.
Last, but not least, we are happy to come over and guide you through the process. Many clients have asked for our input one to two years before they plan on moving so they can make improvements and enjoy them while still living in the house. We often consult with our staging expert; she is an awesome resource for our clients and us.