Today?s below average prices means that a lot of house sellers aren?t getting as much cash as they?d like out of the sale of their current home and it means they won?t have as much to spend on a new dwelling. The recent housing slump means that a lot of home sellers are having a hard time trying to sell their house right now. It?s a buyer?s market when it comes to house sales right now, which means house prices are below average and there are lots of homes that are currently being sold.
As a home seller you are basically in competition with the other home sellers in your area for the money from a limited collection of home buyers. One way to make your home more likely to be sold is to fix it up with some modern home improvements. In order to sell your house you?re going to have to get inventive and try to set your house apart from the others that are being sold near your own house.
Of course, if you?re trying to sell your house you may not have a lot of cash to put towards various home upgrades. The best way to bring a lot of potential buyers into your house is to borrow some money for some small home improvements knowing that you will most likely make your money back when you actually sell your house. If you?re relatively handy you can use some borrowed money and improve your home on your own. House improvement loans can range from a few hundred dollars to thousands of dollars, and different financing amounts will give you the ability to perform different kinds of projects. Here are a couple home improvement suggestions in different price ranges:
$3,000 ? $4,000: Projects in this low price range should be aimed at updating a structurally sound home that doesn?t need much work. House projects in this range include updating interior rooms with fresh paint, installing new baseboard molding and maybe even replacing some light fixtures. Smaller home improvement projects in this range can sometimes be financed with home improvement store credit cards or unsecured loans.
For $7,000 ? $10,000: Committing to house upgrades in this range will most certainly get the attention of prospective home buyers, especially if the other homes in your area don?t include some of these improvements. There are lots of home loans that are specifically designed for home improvements. If you?re going to take out a loan for house improvement projects in this range you may want to look at a home equity loan. Major house upgrade projects like this could include putting in some new hardwood floors, having a back yard professional landscaped or installing new doors.
Certain house updates like the ones mentioned above will almost surely help sell your home quickly. It?s imperative to adjust your house?s selling price to reflect the recent improvements. Your selling price should be moved higher but should most likely not be designed to cover the full cost of your house improvement loan. Most house improvements do not actually recuperate all the money you put into them when you sell your home.
If you want to improve your home in order to sell it quickly but don?t have any money available, don?t worry. You can still apply for a home improvement credit card to pay for your home improvements.
Tags: finances, home additions, home improvement, home sales, home upgrades, loans, money, real estate, renovations, sell your home
Posted in Loans
Source: http://www.loansticker.com/2012/02/05/these-home-improvements-can-sell-your-house/
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