It’s a hot, hot seller’s market in Massachusetts. It only means one thing: the demand for a new home and rental is soaring.
According to Zillow, the median home price already increased by 2.2% or over $420,000. By the end of 2020, it will climb by 3.9%. Rentals are not shabby either. On average, tenants pay more than $2,200 monthly. The national average is only around $1,500. Having a house available for sale or rent can already provide you some good income. The other is ensuring it’s attractive enough for your market.
How do you do it? Here are five ways to sell or rent your property fast:
1. Get Rid of Pests
Nothing screams a dirty home than roaches, termites, and bedbugs lingering all over the place. The presence of mosquitoes and ticks can be dangerous as well. They can be carriers of pathogens that cause diseases.
Before you begin renovating, call an exterminator in Attleboro, MA. Otherwise, you’re also putting yourself and whoever will work on the makeover in danger.
2. Start with the Door
They say, “Do not judge a book by its cover,” but let’s face it, most people do. That’s why it pays to modify the door when you can. According to the 2020 Cost vs. Value Report, a garage door can cost $3,700. The recouped rate, though, can be as high as 99%.
Replacing the entrance door will also give you an excellent resale value of almost 60% while the cost is significantly cheaper than that of the garage.
3. Give Your Home Some Repaint
Often, homes don’t need bells and whistles to sell. All they need may be a fresh coat of paint. It can make the space appear fresh and new. The question is, what color should you pick? The choices can vary, but if there’s a universal message, it’s that the market may be moving away from white.
Today, many potential homebuyers and tenants are ready to go bold with their color choices. For example, black or dark blue kitchen cabinets can make the area pop, especially if they come with golden-colored handles or knobs.
Even painting the front door with a solid striking shade, such as red or green, can be both eye-catching and intriguing.
4. Spruce Up Your Yard
Reports show that millennials are not after stately homes, but they may want properties with big or defined yards. The reasons can vary, from having space for their dogs to extending entertainment outdoors.
Beautifying the yard doesn’t have to be costly as well. For example, you can ditch swimming pools. Maintaining it can cost over $1,000, and it’s impractical for states like Massachusetts. Unlike in California, the winter in the Bay State can be frigid. Instead, consider spending on professional landscaping. It may boost the resale value of your property by as much as 14%.
Note, though, what you plant may make or break a deal. For instance, when it comes to trees, evergreens will be ideal in Massachusetts yards since they look fresh even in the dead of winter.
5. Fix the Leaks
Small things can accumulate and lead to big things. This principle also applies to leaks in the home, whether they’re on the roof or plumbing. Water can increase moisture, which then leads to the growth of mold and mildew. Most may not be toxic, but they can still be dangerous to health. They can also make the space smell musty or feel damp. When left unfixed, they can also damage walls and wood. Repairing them may already be too costly, and not many home buyers are willing to spend on that.
Many people are looking for a home to buy or rent in Massachusetts. To avoid missing the chance, consider these ideas.