Real Estate Interior Design Tips
The new concepts that have come about in interior design psychology have allowed home sellers to make more profit in today’s competitive real estate market. It is therefore well worth your time to plan the changes that you will make so that you can sell your home for the highest possible price.
Come up with a basic design plan, but make sure to keep your target market and budget in mind. The overall design plan mostly will depend on supply and demand. What number of houses in your area 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? Is the market currently geared towards 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. It doesn’t matter what your answers are to the previous questions, you still need to make sure and do a few things so that your home stands out amongst the competition.
You must know who your target buyers are. Consider the buyers who are purchasing homes near yours. Are these buyers purchasing their first home, or are they moving up? This factor will make quite a difference in your marketing and design plan, since the psychological needs of these buyers are rather different. People buying their first home are seeking to control their own environment by buying, rather than renting. Such things as safety and security, a sense of connection, comfort, and self-control are typically the psychological needs of these first time buyers. Finding a larger home with more amenities for their comfort, self-esteem, and feelings of prestige are usually the psychological needs of buyers who are upgrading.
You want to make a difference in your sales price, so only purchase items that will make a difference. Of all the repairs you can possibly make, fresh paint is your best investment. If you spend money on new kitchen appliances, upgraded bathroom features, and updated lighting fixtures, then you will also get a good return for your money. In some cases, hiring professional help is worth the extra cost. Professional painters work very quickly and usually cost less than day laborers. Tile installers, carpet layers, and electricians will also be a better bet than day laborers because they are very good at their trades.
Deciding on the right colors to paint your home will make a great difference in your paycheck at closing time. Choose complementary colors based on the homes surrounding yours. Take into account that colors will look darker on large exterior expanses than they will on the little paint chips from the store. Good luck on your design and on selling your home!