If you haven’t noticed by now, this week’s blogs have all focused on the best (and worst) ways for selling your home. Our last blog was centered on how the color you choose can affect the sales process but, as you probably know, that’s not the only thing that affects your ability to sell your home quickly and at a reasonable price. Listed below are a few variables to be wary of as they could devalue your home.

1. Location

Location, location, location. Realtors talk about it all the time and that’s because (we’re assuming) you don’t have the financial firepower to buy an entire neighborhood (unless your name is Mark Zuckerberg, in which case we apologize). According to Brendon DeSimone, a contributor for Fox Business, there are five characteristics that make up a ‘good’ location.

  • A safe neighborhood
  • Good schools
  • Convenient access to shops and restaurants
  • Water access
  • Close proximity to public transit

If your home hits a majority of those bullet points you should be getting a pretty good deal on your home.

2. Curb Appeal

At this point potential buyers either love your location or they love the deal they’re about to get on your home. Regardless of whether or not you’re in a good location or a bad location curb appeal will be a big determiner on how those potential buyers will react to your home. A poor reaction will more than likely result in you getting less for your home than you may have expected. You can increase that value by getting your front yard landscaped, keeping the yard and the exterior of the house looking clean and making sure that the paint on the exterior is in good shape. It will make potential buyers feel more at home and more likely to spend big on your home.

3. A Subpar Interior

We’re not expecting everyone to have brand new stainless steel appliances or an open floor-plan. That would be unrealistic. And while new appliances can increase the value of your home they cannot mask a messy living space. A home that is not well taken care of, that is messy, filled with dust and odd colors will drive potential buyers away almost as soon as they walk through the front door. As far as paint colors go, try to stick with neutrals, beige or white. It will make it easier for the homebuyer to imagine the home as a blank slate.

We hope these tips help you get your house noticed and sold as soon as possible. Best of luck!

NYC Renters, Co-Op and Condo Insurance