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Housing

When it comes time to sell a home, sellers usually want their homes sold quickly and for their asking price. But getting the best price and selling your home quickly usually requires a sound strategy. After all, buyers decide the value of a home and they want to feel like they're getting the most bang for their buck.

So how can you sell your home in a timely and cost-effective way? These tips can help you pull it off.

Time Your Move With the Market

It's estimated that the average homeowner moves every five to seven years on average. When they move, they're looking for the right fit for themselves and their families and they're looking for value.

One thing you need to be aware of when it comes to real estate is that timing can be everything. For example, house prices usually experience their biggest gains in summertime. Why? That's when the weather is at its best and buyers can get outside and look at homes. So if you're sprucing up your home to sell it, make sure to have it ready for summer. That's not to say buyers won't be interested at other times of the year, especially in areas where there's a shortage of housing. But summer is ideal, and if you need help selling, a local realtor can help make sure buyers see your home.

Replace the Necessities

As previously mentioned, when potential buyers are looking at homes they're interested in, they're looking at size and location, yes, but they're also looking for value. Put more plainly, they want to see that everything inside and outside of the house works and functions like it's supposed to.

If you're getting your prized piece of real estate ready for selling, you want to make sure everything is in tip-top shape. You don't necessarily have to fix everything, but curb appeal is a big factor in selling and a little TLC can go a long way toward making your home look more attractive. If the driveway has cracks in it, take steps to have it repaired. If the outside of your home could use some touch-up paint, get to work.

If your home needs a new roof, look into getting it repaired or at least negotiate something with a buyer so that they're not stuck paying the full price on a new roof. A customer survey identified durability as the top factor to be considered, followed by longevity. If a new roof is going on the house, a new owner is going to want something that lasts a long time.

Play Up Desirable Parts Of Your Home

When it comes to real estate, buyers certainly like to see value, but they can also be attracted to things that are new and different. If you've spent time and money on upgrading your home, don't be afraid to show that off. If you've got energy-efficient lights and windows -- a major draw for nearly 50 percent of buyers -- make that a major selling point. Potential buyers may also be interested if you've got a backyard pool, a fenced-in backyard, or a bigger garage than other homes in the area.

A realtor can help accentuate all the really cool features of your home, ensuring that buyers don't miss them when they look around.

With the right features, the right attention to care, and selling your home at the right time, your house can be off the market in no time at all.

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Deciding between renovating your current home and moving to a new one can be tough. However, you can make the decision easier by comparing your options critically. Both can be time-consuming, stressful, and costly, so you'll want to make the most informed decision possible.

If you are in this current dilemma, here are three things you should consider.

1. Cost

Currently the remodeling market is valued at $450 billion and growing. Many people are opting to renovate the homes that they have, as opposed to moving. However, what you decide will depend on what you need and whether or not the cost of renovating is greater or less than the cost of moving.

You should also consider the fact that renovations will cost you more money out-of-pocket, whereas selling your home and moving can mean money in your pocket now, but potentially more costs down the road. That said, if your current home needs a lot of work or even something like a whole new addition in order to meet your needs, you may want to weigh that cost against how much moving would require.

Additionally, you should consider whether the cost of new build home insurance will be more than what you are currently paying, or if the mortgage payment would increase in a new location. While a new home may be tempting, there are a lot of additional costs that can come along with it.

2. Location and Market

The location of your home and the current real estate market in your area should also factor in when deciding to sell or renovate. Some housing markets will be hotter than others and your location will determine whether or not you will be able to sell your home quickly and for a fair price.

For instance, pipeline corrosion costs the U.S. economy over $9 billion every year, and it's no secret that some places have worse infrastructure than others. Trying to sell a home in Flint, Michigan, for example, a place where pipeline corrosion contributed to the lead-tainted water disaster, will be much harder than trying to sell in Rochester, New York.

If you're unsure about your current market location, consider looking into how many homes are selling in your area, how fast they are selling, and for how much. You can use this information to weigh the pros and cons of whether or not selling would be in your best interest.

3. Neighborhood and Space

Around half of all American adults are married, and often this means that children will be on the way soon. If this is your current situation, you may be wondering whether your home has enough space to handle a growing family. While adding another bedroom and expanding your home is an option, you'll also want to consider the neighborhood where you are currently living. For instance, if the nearest school is farther away than you would like, moving may be something to consider even if you do have enough space to expand. Similarly, if the crime rate in your current neighborhood is on the higher end, you may want to move to an area that would be safer for raising a family.

If you want to stay in your current home, however, you may want to consider whether it is possible to modify the layout enough to give everyone the space that they need. A master bedroom may be remodeled into separate bedrooms, for example, cutting the space in half but providing privacy. Think about whether solutions like this would be feasible and worthwhile, or whether moving really would be in everyone's best interest.

If you are wondering whether or not to sell your home, keep these three things in mind when trying to make a decision. Both options involve a lot of time and money, so you don't want to jump into them without carefully thinking everything through.