In today’s competitive real estate market, home sellers are making more profit due to the newer concepts in interior design psychology. You want to sell your home for the highest possible price, so it is well worth your time spent planning the changes you are going to make to the interior design.
You need to develop a general design plan which keeps your target market and budget in mind. Supply and demand will be the biggest factor in your overall design plan. In your area, how many houses are currently up for sale? How many of those houses up for sale sell each week? Is the selling season weather cold, warm, or hot? Does the market belong to buyers or sellers? If the market is quick moving and buyers are lining up to put offers for homes in your area, you can do less. To stand out from the competitors, you will still need to do a few things to your home regardless of your answers to the above questions.
It is necessary to know your target buyers. Take into consideration your neighborhood and the buyers who are purchasing homes close to yours. Are these buyers purchasing their first home, or are they moving up? Due to the fact that the psychological needs of these two types of buyers vary considerably, this will play an important part in your marketing and design plan. First time homebuyers usually focus on controlling their own environment by owning, rather than renting. Their psychological needs often include such things as safety and security, a sense of connection, comfort, and self-control. Buyers who are upgrading also enjoy these benefits, but they are usually more interested in finding a larger home with more amenities for their comfort, self-esteem, and feelings of prestige.
You want to make a difference in your sales price, so only purchase items that will make a difference. The best investment you can make as far as repairs go is fresh paint. Spending money on new kitchen appliances, updated lighting fixtures, and upgraded bathroom features will also give you a great return on your investment. Sometimes, employing professionals to help will be worth the added expense. It will be cheaper for you to hire professional painters than day laborers because they are able to work much faster. Hiring tile installers, carpet layers, and electricians will be a better choice than day laborers, also, because they are so good at what they do.
Deciding on the right colors to paint your home will make a great difference in your paycheck at closing time. Take a look at the surrounding homes and choose complementary colors. Keep in mind that colors look much darker on huge exterior expanses than they do on the little paint chips you pick up from the store. Good luck on your design and on selling your home!