Gen Y, who make up the largest share of home buyers, are looking for properties in move-in condition and want to avoid the expense of even cosmetic renovations. That said, sellers will benefit from making the right, inexpensive updates to appeal to busy first-time buyers by making their home stand out and more competitive.
First time home buyers are looking for a place to start their life. They often respond emotionally to how they feel walking up to and through a home. They want a clean, bright space to make their own. The more aesthetically pleasing the more they will want to purchase the home. Consider a few features we’ve included to get your home noticed and boost its perceived value in a competitive market.
Enhance Curb Appeal
Make the best first impression for buyers—even before they step foot in the door—by cleaning up the exterior of the property and sprucing up curb appeal. Pressure wash if needed, add a few seasonal flowers, and make sure there no visible wood rot or paint chipping.
Create a flow
Open concept floor plans are all the rage now. You can make homes with designated rooms or spaces feel more open by having a consistent neutral paint color throughout. Gone are the days of creams and beiges, it’s all about the greys at this point! Your Verity Group agent can tell you which shade will be the best choice for your finishes. Consistent flooring is another thing that creates a flow. Consider a hardy LVT floor throughout the main living area including bath, dining and kitchen. Having consistent paint and flooring throughout gives a home a larger, more open concept feel.
Refresh the Heart of the Home
The kitchen is considered to be the heart of the home. It is where most of the action happens. A first-time home buyer will not only be interested in the color of paint, but also the modern lighting fixtures you have just installed. You’d be amazed at how inexpensive light fixtures are on Amazon or Ikea! You can also update your kitchen by:
- Swapping outdated faucets and cabinet hardware for more contemporary, full-functioning styles in trending finishes, such as matte black, brushed brass, or polished nickel.
- Rather than completely replacing dark, dated, and worn cabinets, simply repaint them in a bright white or soft gray hue to brighten and enlarge the space.
- Replacing or refinishing damaged, or aged flooring with in-expensive life proof LVT
Create a Master Bedroom Retreat
Get that Instagram-worthy bedroom aesthetic by creating a light, bright, and airy feeling throughout. Replace heavy drapery with white curtains. You can also install a stylish ceiling and bedside table lighting or even create a fluffy looking bed with accent pillows.
Always remember that the amount of work into improving your home will help you appeal to the first time home buyers making their way up the ladder. The “carpet or cosmetic” allowance is really a thing of the past. Busy families would often rather pay a higher sales price at a lower interest rate, then negotiate a little off the top but have to come up with the time and money to do the improvements.
Contact us on our website or give us a call at 757.452.8974 today and we will help you find the best way to improve your home to make it the most popular on the market!